Learn candlestick patterns in a new way

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If we just wait for this candle, then the chances of our trade failing will be very high because if we look at the previous few candles, then we can clearly know that the strength of the last candle is nothing in comparison to this candle and at such a time, sellers can again make their hold in the market, so we cannot make a decision of buying or selling by identifying just one candle. Let's see another chart, here the price is coming downwards forming small candles and the last candle is a big bullish candle. A candle is formed, so we can clearly see here that the last candle is very big in comparison to the previous few candles, which means that this candle has more strength and when such candles are formed in the market, only then should we make buying decisions. The psychology behind all the candlestick patterns in the market is that who is controlling that candle, are the buyers controlling it or are the sellers controlling it. I hope that now you will not need to remember any candlestick pattern. The next video is going to be on support and resistance, which you can watch by clicking on the screen. A lot of hard work has gone into making this video, so do give a like and if you want to learn price action for free, then do subscribe to the channel.We know it as Boju candle and the last candle is also a bullish candle but when we combine these two candles, it does not form a bullish candlestick pattern. Look at this carefully. The opening price of the second candle is below and the closing price of the last candle is almost at the same level. Out of these two candles, the highest is the high of the first candle and the lowest is the low of the last candle. By combining these four things, we can form a final candle. There will be a body between the closing and opening and a wick between the high and low. The open of the candle is above and the closing of the candle is below. Due to this, we will keep the color of this candle red. Now you can clearly tell that the closing of the candle is near the low of the candle. This means that this candle is being controlled by the sellers and now you will think of making a selling decision here. But whenever we trade in the market, we not only have to know the sentiment of the candle but also have to know the behavior of the market happening before that time. For example Here the price is coming downwards forming big red candles and the last candle is a small bullish candle. If we just wait for this candle, then the chances of our trade failing will be very high because if we look at the previous few candles, then we can clearly know that the strength of the last candle is nothing in comparison to this candle and at such a time sellers can again establish their hold in the market. Therefore, by identifying just one candle, we cannot make a decision of buying or selling. Let us see another chart, here the price is coming downwards forming small candles and the last candle is a big bullish candle. Therefore, we can clearly know here that the last candle is very big in comparison to the previous few candles, that is, this candle has more strength and when such candles are formed in the market, only then we should make buying decisions. The psychology behind all the candlestick patterns in the market is that who is controlling that candle? Are the buyers controlling or are the sellers controlling? I hope that now you will not need to remember any candlestick pattern. The next video is going to be on support and resistance which y #supportandresistance #australia #candlestick #sensex #pattern #sharmarket ou can watch by clicking on the screen. A lot of hard work has gone into making this video, so please give a like and if you want to learn price action for free, then please subscribe to the channel.We know it as Boju candle and the last candle is also a bullish candle but when we combine these two candles, it does not form a bullish candlestick pattern. Look at this carefully. The opening price of the second candle is below and the closing price of the last candle is almost at the same level.

#fx #forex #nifty

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