Discover and read the best of Twitter Threads about #piercingline
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It's weekend time ...let's catch up on highly successfull bullish candle stick patterns ...hold your patience as we roll into spotting these to make good gains in swing & momentum trades ...🧵🧵🧵
Don't forget to RT as we learn together ♻️♻️♻️
Don't forget to RT as we learn together ♻️♻️♻️
#bullishengulfing
- two candle setup
- effective to spot a reversal in downtrend
- first -tive candle followed by a +tive candle
- Second day candle price opens lower than First day low & closes higher than the first day high
- Enter when high of second day is xossed up
- two candle setup
- effective to spot a reversal in downtrend
- first -tive candle followed by a +tive candle
- Second day candle price opens lower than First day low & closes higher than the first day high
- Enter when high of second day is xossed up
#Morningstar
- three candle setup
- used to spot downtrend reversal
- one thin body candle between first long black candle and third long white one.
- Bodies of second and first candle should not overlap
- Gapup on third candle
- Entry at xossing up from third day candle
- three candle setup
- used to spot downtrend reversal
- one thin body candle between first long black candle and third long white one.
- Bodies of second and first candle should not overlap
- Gapup on third candle
- Entry at xossing up from third day candle
