CANDLESTICK
Shooting Star Strategy: A Comprehensive Tutorial
Today, we're going to explore a crucial component in the realm of Japanese candlestick analysis: the shooting star.
CANDLESTICK
CANDLESTICK
Shooting Star: How to Set Your Stop loss
The peak price of a shooting star establishes a resistance level, which functions as your initial stop loss point.
CANDLESTICK
Shooting Star as Resistance
The price range of a shooting star tends to become resistance. In particular, the peak price of this candle line either establishes or reinforces a resistance level.
CANDLESTICK
The Psychology Behind a Shooting Star
A shooting star symbolizes a psychological battle between bulls and bears and the inability of the buyers to sustain the high prices.
CANDLESTICK
Different Variations of a Shooting Star Pattern
The shooting star pattern consists of a candle with a small real body at the lower end of the candle and a long upper shadow.
CANDLESTICK
Dark Cloud Cover Strategy: A Comprehensive Tutorial
After either a mature or a sharp uptrend, a dark cloud cover can act as an indicator of reversal. This presents a potential opportunity for traders to establish short positions in the market.
CANDLESTICK
Dark Cloud Cover as Resistance
The highs of a dark cloud cover usually becomes resistance. This level acts as a ceiling that price struggles to break through.
CANDLESTICK
Dark Cloud Cover: How to Set Your Stop-Loss
The highs of the dark cloud cover creates a resistance area. This resistance level represents your initial stop loss.
CANDLESTICK
Understanding the Psychology of a Dark Cloud Cover
This sudden reversal surprises those participants who had been expecting the upward trend to continue.
CANDLESTICK
How to Identify a Dark Cloud Cover
For an optimal dark cloud cover, the second session should ideally conclude below the midpoint of the preceding white/green candle.
HIGH-WAVE
High-Wave Candlestick Strategy: A Comprehensive Tutorial
The high-wave candle is characterized by its distinct long upper and lower shadows, which are significantly longer than the candle's real body.
HIGH-WAVE
High-Wave Candle: How to Set Your Stop-loss
After a downtrend, the lowest price reached during the high-wave’s session sets up a support level.