ES 15min. @ 8:30 bear harami / 9:15 bear engulf / if we
close above could be a further move up
RE
redsixspeed
Rep: 4,111
Posts: 1,711
Yes I see that bearish formation.
Now go back to where we made the high @ 1152.
Look to the right of the high. See that bearish
separating line.
Now go back to where we made the high @ 1152.
Look to the right of the high. See that bearish
separating line.
AK
ak1
Rep: 858
Posts: 740
If candles have equal closes instead of equal opens does it have any significance
AK
ak1
Rep: 858
Posts: 740
If we look at the 8:00 am candles on your chart it that a bullish seperating line too
RE
redsixspeed
Rep: 4,111
Posts: 1,711
What makes the separating line carrie the weight is the
close. For me any candle pattern weighs on the close.
So a bearish separating line...the first candle will
have a higher close / the second will have a lower close,
but both will have the same open.
The higher the time frame the more weight it carries.
close. For me any candle pattern weighs on the close.
So a bearish separating line...the first candle will
have a higher close / the second will have a lower close,
but both will have the same open.
The higher the time frame the more weight it carries.
KO
koolblue
Rep: 48,651
Posts: 16,032
SELL-IF
1,150.0
-0.2500 -0.02%
Candlestick Analysis
Today’s Candlestick Patterns:
Black Spinning Top
Bearish Meeting Lines
Candlestick Pattern
Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
The last two candlesticks formed a Bearish Meeting Lines Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation. (Courtesy American Bulls )
1,150.0
-0.2500 -0.02%
Candlestick Analysis
Today’s Candlestick Patterns:
Black Spinning Top
Bearish Meeting Lines
Candlestick Pattern
Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
The last two candlesticks formed a Bearish Meeting Lines Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation. (Courtesy American Bulls )
RE
redsixspeed
Rep: 4,111
Posts: 1,711
I know that pattern as the "counter attack"
To confirm any pattern I use volume and the pattern
location.
The more candles I have in a pattern the stronger, the
more volume the better as I trade these patterns mostly
on a 5min. time frame and look to larger time frame for
bigger moves.
It's as important where the pattern is in the move as
the pattern itself.
To confirm any pattern I use volume and the pattern
location.
The more candles I have in a pattern the stronger, the
more volume the better as I trade these patterns mostly
on a 5min. time frame and look to larger time frame for
bigger moves.
It's as important where the pattern is in the move as
the pattern itself.
RE
redsixspeed
Rep: 4,111
Posts: 1,711
watch the mid point of that 10.55am est 5min. candle, may
act as support for now....3/16/10
act as support for now....3/16/10
RE
redsixspeed
Rep: 4,111
Posts: 1,711
I don't trade with MAs ... but recently I started looking at them .. I have set up a quad chart with different time frame of MAs .. Today at 11:30am et. all four MAs came together and in fact price hit them about the same time .. I just got started with this so I'll post what I see from time to time .. looks good so far .. My intent is to use them as a confirming tool not a primary ...