Price Action Question? Two bullish Candles.
- Thread starter dominover
- Start date
The wicks are too small to consider them as trend change to bearish. But you can place a stoploss below the low of those two candles when you have a long position. Above the high of wick confirms the uptrend again. You might want to see more bearish candles with more wicks confirming a top before you could enter on bearish side here. So this is more trend confirmation with a pause shortterm, and no trend change, what I can see from here. Of course is there a major top prior to those two wicks then it could be interpreted differently, but standalone on these two candles not. Hope that helps. It also looks like the candles are formed with very low time frames, as there are two green from the above same entry on each candle, so they cannot be 1 hour candles. I would assume (Futures chart) something 1 min time frame maybe lower here. So be careful here at all, because then those price actions can be more randomly formed with no good forecasting behavior.
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That indicates a bobbin sewing machine zig zag pattern, watch your fingers as that pattern is a stitch up!
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Oh boy, then you have just not searched the "web" thoroughly enough. You can find an explanation for anything on the web. Did you not know that?
The above image in my search brought up multiple possibilities:
The above image in my search brought up multiple possibilities:
- Two upside down tits of a woman painted green
- Three green rabbits, one with period, running around in a red country
- Any bearing on any future asset price behavior.
Perhaps not on its own. Within certain context / market structure it most definitely could take on meaning.
All - not some of the time. Also in real-time - not after the fact. Anyway we can agree to disagree.
If you can read charts well and maintain solid discipline / psych - you can do well at this.
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That's why none of traders at hedge funds and bank traders do this? That is pure idiocy
