Learn to Trade by Nitesh
Learn to Trade by Nitesh

@learntotrade365

10 Tweets 11 reads Jun 16, 2024
Day 3 of 50 days Stock Market Trading Made Easy
Candlestick Pattern Simplified with Real Price Movement Logic
πŸ”₯7 Major New Updates for all type of Directional Trading πŸ”₯
Bulls vs Bears πŸ”₯πŸ”₯
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All the below types i personally check and understand the candlestick logic only around important reference levels/zones
Randomly tracking every 5 min will spoil our focus
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1] Strong Bullish Candle:
Initially - BEARS had control, but by the close BULLS entered with fresh business and took complete control.
When this type of candle formation occurs near a significant support level, it indicates strong conviction from the BULLS.
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2] Weak Bulls Candle:
The control initially belonged to the BEARS, while the FRESH business bulls appeared tired.
By the close, the bulls failed to sustain their position.
This candlestick behavior occurs near a significant support level, it indicates the weakness of the BULLS.
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3] Timepass Bulls Candle:
The initial control belonged to the BEARS, while the FRESH business bulls appeared exhausted/
Neither bulls nor bears managed to maintain their stance by the close.
Such candle behavior indicates a disinterest from both BULLS & BEARS.
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4] Strong Bearish Candle:
Initially - BULLS had control, but by the close BEARS entered with fresh business and took complete control.
When this type of candle formation occurs near a significant resistance level, it indicates strong conviction from the BEARS.
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5] Weak Bear Candle:
The control initially belonged to the BULLS, while the FRESH business bears appeared tired.
By the close, the bears failed to sustain their position.
This candlestick behavior occurs near a significant resistance level, it indicates the weakness of the BEARS.
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6] Timepass Bear Candle:
The initial control belonged to the BULLS, while the FRESH business bears appeared exhausted/
Neither bulls nor bears managed to maintain their stance by the close.
Such candle behavior indicates a disinterest from both BULLS & BEARS.
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7] Series of Timepass Candles:
Confused Price Action development often comes with low volumes - So it's better for a directional trader to wait for further price action development/confirmation and then react.
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End of this thread🧡
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