1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

What is the most powerful Candlestick Reversal Pattern?

Discussion in 'Beginners Bootcamp' started by HollyHopScotch, Dec 17, 2018.

  1. HollyHopScotch

    HollyHopScotch Private

    Joined:
    Dec 3, 2018
    Messages:
    26
    Likes Received:
    2
  2. CryptoatForex

    CryptoatForex Recruit

    Joined:
    Jan 12, 2018
    Messages:
    185
    Likes Received:
    10
    I like a hammer followed by an engulfing candle.
     
    Yousuf ahmed likes this.
  3. HollyHopScotch

    HollyHopScotch Private

    Joined:
    Dec 3, 2018
    Messages:
    26
    Likes Received:
    2
    Sounds good to me lol
     
  4. movit4000

    movit4000 Recruit

    Joined:
    Sep 12, 2009
    Messages:
    5
    Likes Received:
    1
    Engulfing candles are great, but they only work when you find them in key areas of support and resistance. Do not trade any engulfing candle you see. Ideally only those on the daily and weekly timeframes.
     
  5. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,004
    Likes Received:
    34
    So far, I have seen pin bar working great as reversal candles but you should look for 2 things when trading a pin bar.
    1 - The pin bar should at crucial support or resistance level.
    2 - There must be a small candle just before the pin bar candle formed.
     
  6. HollyHopScotch

    HollyHopScotch Private

    Joined:
    Dec 3, 2018
    Messages:
    26
    Likes Received:
    2
    100% agree. I don't do anything unless it is in an area of support or resistance.
     
  7. pino2000

    pino2000 Recruit

    Joined:
    Today
    Messages:
    2
    Likes Received:
    0
    Immersing candles are incredible, however they possibly work when you discover them in key regions of help and opposition. Try not to exchange any immersing flame you see. In a perfect world just those on the day by day and week after week time periods.
     

Share This Page