Candlestick Pattern Course For Beginners (patterns that actually work)
Published: 2020-08-02
Status:
Available
|
Analyzed
Published: 2020-08-02
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A candlestick where bulls initially lead, followed by bears taking control and closing near the lows, indicates a strong bearish signal.
"if you see a candlestick where during the first couple of rounds the bulls bulls were taken over and then the bears took over and we finished near the lows that's a very bearish signal that's a selling signal right there"
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A candlestick where initial highs are followed by bears taking control and closing near the lows indicates a completely bearish signal for that period.
"The bears took control and closed near the lows so with that being the case that entire 15 minute period the entire period wasn't controlled by the bears but it was pretty cool seeing the comeback right and so this would represent a completely bearish signal for me considering that fact"
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A 'complete control candle' bullish signal is a green candle with little to no bottom wick and a small top wick, indicating bulls were in complete control for that period.
"the complete control candle the way we spot it specifically is a green candle and i'll do it i'll do a bearish version a red candle in just a second but a green candle with a very small to no bottom wick and a very small top wick outside of that the entire candle's green"
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A green 'complete control candle' bullish signal is identified by a very small or non-existent bottom wick and a close within the top 10% of the candle's range.
"a green candle with a very small to no bottom wick that closes in the top ten percent of the candle"
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The 'complete control candle' (both bullish and bearish) is characterized by having very small or no wicks at the top and bottom.
"a candle with a very small to zero wick to the top and a very small to zero wick at the bottom whether it's green or red"
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A candlestick where bears initially push the price down but bulls fight back to close near the highs indicates strong bullish pressure, regardless of the candle's color.
"if you look at this candle what is your expectation the color is irrelevant in this case for this specific candle but in this case we see an open we see the bears winning the first few rounds and then we see the bulls fighting back to close at the highs"
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A candlestick where the entire body is above 33.3% of its high-to-low range signifies massive bullish pressure.
"we have the entire body of this candle above 33.3 percent of the entire candle from high to low low to high in this case with a bullish example so with that being the case i'm seeing this as massive amounts of bullish pressure"
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A '333 candle' with a longer wick to the upside is interpreted as significant bearish pressure.
"if we have a 333 candle i see that as bearish pressure if it's a bearish candle meaning the wick the longer wick is to the top side"
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The speaker will identify two specific candlestick patterns that have proven effective for making accurate market predictions.
"I'm going to be sharing with you the two candlesticks that I think you should be paying attention to. These are two candlesticks that have immensely improved my ability to accurately make market predictions."
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Understanding individual candlesticks and their price action will enable prediction of future market movements.
"you can just look at a single candlestick and based on the price action within that time period you will know what the market's likely to do next"
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A candlestick can convey a narrative of market control by bulls or bears within its time period.
"The story of this candlestick tells me that during that 15 minute period bears were in control the entire time the entire 15 minutes"
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The 'complete control candle' pattern is highlighted as a tool for increasing accuracy in predicting market movements.
"The complete control candle is something that has dramatically increased my ability to predict market moves accurately"
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The '333 candle' pattern provides an indication of whether the market is likely to move up or down.
"the 333 candle [...] represents a story that can tell you whether the market's going to go up or down"
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A '333 candle' pattern is interpreted as a sign of bearish pressure.
"if we have a 333 candle I see that as bearish pressure"
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A '333 candle' pattern, in a bullish context, indicates significant bullish pressure.
"if we have a 333 candle [...] with a bullish example [...] I'm seeing this as massive amounts of bullish pressure"
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A bullish 'complete control candle' is identified as a green candle with minimal to no lower wick and a small upper wick.
"the way we spot it specifically is a green candle [...] with a very small to no bottom wick and a very small top wick outside of that the entire candle's green"
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A 'complete control candle' (both bullish and bearish) is characterized by very small or non-existent upper and lower wicks.
"a candle with a very small to zero wick to the top and a very small to zero wick at the bottom whether it's green or red"
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A bearish '333 candle' is defined when the entire body of the candle falls below 33.3% of its range (from high to low).
"if that's what i've been saying i want to see this whole body of this candle below 33.3 percent from the height of the low"
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A bullish '333 candle' is identified when the entire body of the candle is above 33.3% of its range (from low to high).
"we have the entire body of this candle above 33.3 percent of the entire candle from high to low low to high in this case with a bullish example"
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