Candlestick Analysis
Function
of both the technical analysis or fundamental is to determine whether
the price will go up or down, will move in the same direction or reverse
direction.
Based on the type of analysis is divided into two, namely:
1. Analysis to determine trends that will occur, ie globally analyze price movements and predict the form of graphs that would occur.
2. Analysis to determine what type of candle that will be formed, whether bullish or bearish candle candle. This means that only target one candle only, but it has a candle that shot distances as large as a trend. So usually use a candle that targeted the 4 hour time frame up.
In terms of determining the trends that will be formed, just as a supporting role candlestick alone. Ie as a signal provider entry / entry point, so that traders get the best price.
I. Entry Point Trend Up
Rising trend can be detected by the appearance of long-bodied bullish candle forwarding set up a low after the rising graph
And this is the result
II. Entry Point Trend down
Down trend could be detected with the advent of long-bodied candle bearis forwarding set up a high after the chart that modestly
This is the result
III. Entry Point Reverse Direction Up
Reversal of the trend down to the rising trend could be detected by the appearance or inverted hammer candle and candle reversal hamer in oversold area or convergent.
This is the result
IV. Entry Point Turn Directions Down
Reversal of the rising trend to trend down could be detected with the advent candle shooting star, hanging man and the kind of reversal candle overbought area or convergent
This is the result
In terms of determining the type of the next candle is bullish or bearish, candlestick serves as a lead actor, supporting a form of the previous candle chart compilers.
I. Forwarding entry point is if the previous candle candle forming constituent meneunjukan continuation and trend graphs to continue.
The most potential to continue the trend when the price is just reverse direction, or in starting a new trend, because if the trend has been formed, the next step is a potential weakness. Therefore, to zero in the next candle candle should we use that characterizes that price just reverse direction or a new trend begins. And the candle shape like this:
Example of analysis:
In the picture above we see that the candle has emerged continuation types. From here we can predict that the next candle will go down. To mesamstikannya we see his chart pattern on a smaller time frame, then we analyze whether its graphics will show terjeadi trend down as well.
From the above chart we find 3 things that show the trend is going down, namely:
- The existence of a modest peak
- The line that successfully penetrated support
- Break of the support line was confirmed with a correction which then in turn again down by long candle.
And here's the result:
II. Entry point reversal is if the previous candle shows the type of candle reversal, confirmed the constituent graphs are overbought or oversold atu even convergent.
Based on the type of analysis is divided into two, namely:
1. Analysis to determine trends that will occur, ie globally analyze price movements and predict the form of graphs that would occur.
2. Analysis to determine what type of candle that will be formed, whether bullish or bearish candle candle. This means that only target one candle only, but it has a candle that shot distances as large as a trend. So usually use a candle that targeted the 4 hour time frame up.
In terms of determining the trends that will be formed, just as a supporting role candlestick alone. Ie as a signal provider entry / entry point, so that traders get the best price.
I. Entry Point Trend Up
Rising trend can be detected by the appearance of long-bodied bullish candle forwarding set up a low after the rising graph
And this is the result
II. Entry Point Trend down
Down trend could be detected with the advent of long-bodied candle bearis forwarding set up a high after the chart that modestly
III. Entry Point Reverse Direction Up
Reversal of the trend down to the rising trend could be detected by the appearance or inverted hammer candle and candle reversal hamer in oversold area or convergent.
This is the result
Reversal of the rising trend to trend down could be detected with the advent candle shooting star, hanging man and the kind of reversal candle overbought area or convergent
This is the result
In terms of determining the type of the next candle is bullish or bearish, candlestick serves as a lead actor, supporting a form of the previous candle chart compilers.
I. Forwarding entry point is if the previous candle candle forming constituent meneunjukan continuation and trend graphs to continue.
The most potential to continue the trend when the price is just reverse direction, or in starting a new trend, because if the trend has been formed, the next step is a potential weakness. Therefore, to zero in the next candle candle should we use that characterizes that price just reverse direction or a new trend begins. And the candle shape like this:
Example of analysis:
In the picture above we see that the candle has emerged continuation types. From here we can predict that the next candle will go down. To mesamstikannya we see his chart pattern on a smaller time frame, then we analyze whether its graphics will show terjeadi trend down as well.
From the above chart we find 3 things that show the trend is going down, namely:
- The existence of a modest peak
- The line that successfully penetrated support
- Break of the support line was confirmed with a correction which then in turn again down by long candle.
And here's the result:
II. Entry point reversal is if the previous candle shows the type of candle reversal, confirmed the constituent graphs are overbought or oversold atu even convergent.
Categories:
Analysis
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