CANDLESTICK FORMATION PSYCHOLOGY
📊 Candlesticks visually represent the battle between buyers and sellers within a specific timeframe.
📈 When Sellers Are in Control:
Bearish candles (closing lower than the opening price) this indicates good selling pressure. Long upper wicks show that buyers attempted to push prices higher but were overpowered by sellers. This often suggests a downward momentum in the market.
📉 When Buyers Are in Control:
Bullish candles (closing higher than the opening price) reflecting buyers strength. Long lower wicks indicate that sellers tried to push prices lower but were outmatched by buyers. This signals upward momentum and strong demand.
🕯 Candlestick formations like engulfing patterns, doji, pin bars etc provide deeper insights into market psychology and potential reversals.
Bearish candles (closing lower than the opening price) this indicates good selling pressure. Long upper wicks show that buyers attempted to push prices higher but were overpowered by sellers. This often suggests a downward momentum in the market.
Bullish candles (closing higher than the opening price) reflecting buyers strength. Long lower wicks indicate that sellers tried to push prices lower but were outmatched by buyers. This signals upward momentum and strong demand.
Please open Telegram to view this post
VIEW IN TELEGRAM
Vladimir Quant
Gold Buy Now 4480 - 4475 SL: 4470 TP1: 4490 TP2: 4500
Round 1, Breakfast Is Served!
GOLD RUNNING 52+ PIPS
Let's collect partial PROFITS and set the rest at BREAKEVEN for a zero-risk trade
GOLD RUNNING 52+ PIPS
Let's collect partial PROFITS and set the rest at BREAKEVEN for a zero-risk trade
IDENTIFYING REVERSAL MARKET OPPORTUNITY
In this market, price creates a strong bearish momentum which shows several selling activities in the market.
We could also see how momentum was dying due to buyers stepping into to market to gain control.
Here sellers were having quite a problem breaking the support level which is a part of our confirmation of buyers likely to gain control.
In this market, price creates a strong bearish momentum which shows several selling activities in the market.
We could also see how momentum was dying due to buyers stepping into to market to gain control.
Here sellers were having quite a problem breaking the support level which is a part of our confirmation of buyers likely to gain control.
Vladimir Quant
Gold Buy Now: 4561 - 4556 SL: 4551 TP1: 4666 TP2: 4671
CLOSE THE TRADE
GOLD RUNNING 200+ PIPS
Let's collect ALL our profits NOW
✨WE KEEP MAKING HISTORY!
✅This is the result of having the best Forex traders in your team.
GOLD RUNNING 200+ PIPS
Let's collect ALL our profits NOW
✨WE KEEP MAKING HISTORY!
✅This is the result of having the best Forex traders in your team.