Thread by @Deishma

Thread to Simplify your Chart Reading!
- Concept Learning -

Nimblr's 2-Candle Process

(Bookmark it📌)
#trading #StockMarketindia #investing

Nimblr 2 Candle Process deals with

1. Momentum Candle
2. Indecision Candle

A view of Momentum Candles with Upside in the below picture.

Momentum Candles are either green or red.

All arrowed lines are momentum candles upside

1/n
#trading #StockMarketindia

A view of Dn-side Red Momentum Candles

All arrowed lines are momentum candles downside

2/n
#trading #StockMarketindia

Now let us look at Indecision Candles.

Highlighted candles are Indecion Candles where they lacked one side directional movement.

3/n
#trading #StockMarketindia

Location of Indecision Candles and Role

The location can be:
1. In the middle of the trend for a pause or rejuvenation to gather further momentum upside.
2. At the Top or Bottom as a Reversal

4/n
#trading #StockMarketindia

The High or Low of an IC Candle arrival on the Chart is the best decisive information for Trading.

As the High or Low provides a Resistance or Support.

IC Candle in itself is a Range Movement within but without a breakout.

Here you see IC High or Low role as an example

5/n
#trading #StockMarketindia

IC Candles are best therefore for keeping Stop Loss.

Below the Low at some proximity away as a tolerance to stay away from abrupt volatile move.

The proximity varies with Time frames 1,3,5,15,30mins, 1,4 Hour and Daily. Weekly, Monthly.

Detailed Course Notes available for Candlesticks.

6/n
#trading #StockMarketindia

IC Candles that close near to one end could be directional.

Best to be judged for direction the next day if closing above the previous day only.

In Uptrend, if day’s close is nearing to close above the previous close then IC Candle is treated as a Continuation Candle by its nature.

7/n
#trading #StockMarketindia

A single IC followed by a Momentum Candle (MC) is referred as:

IC / MC Breakout (BO) provided the Momentum Candle Close is above IC Candle High.

It can appear as a Single IC Breakout as below

Can refer to an earlier thread
Link:

8/n
#trading #StockMarketindia

https://x.com/Deishma/status/1811448642676330679

It appears as a Single IC / MC Breakout

9/n
#trading #StockMarketindia

One more Example of ICMC Breakout (BO).
With no resistance above the close 399.05 due to adjoining momentum candles shunted on the left.

10/n
#trading #StockMarketindia

One more Example to train your eye.

11/n
#trading #StockMarketindia

Multiple ICs with even MCs within the Tallest IC.

High or Low together form the Bunch of ICs that need a Breakout as seen below to be called a Bunch Breakout or Range Breakout.

12/n
#trading #StockMarketindia

Another Example of Bunch Breakout (BO).

13/n
#trading #StockMarketindia

Price moves in Progression with a series of Bunch Breakouts as shown below.

14/n
#trading #StockMarketindia

`Stop Loss below the Bunch and Trail as shown
15/n
#trading #StockMarketindia

Another Example, price flows in progression

16/n
#trading #StockMarketindia

Same Candlestick chart on Waves for your understanding.

17/n
#trading #StockMarketindia

Thank you for reading!

Do share & retweet for everyone's learning

Trading Candlesticks Course Notes

Get Lifetime Access to Course Notes of Candlesticks

Link:

#trading #StockMarketindia #investingforms.gle/FZ2PYFT7DxYMsB…