Reversal Pattern
Monday, June 8, 2009
APPLY REVERSAL PATTERN AT CRITICAL LEVEL ONLY.
(Fibonacci Level or Supporting Moving Average, i freq. use 50MA at M15)
For Expert-6--Retracement, Reversal patttern will appear at 20MA
Morning Doji Star -> Bullish
A doji star in a downtrend followed by a long, white real body that closes well into the prior black real body. If the candlestick after the doji star is black and gapped lower, the bullishness of the doji is invalidated.
GBP/USD M15 10:46PM (KL.TIME)
Evening Doji Star -> Bearish
A bearish top reversal pattern and counterpart to the Morning Star. Three candlesticks compose the evening star, the first being long and white. The second forms a star, followed by the third, which has a black real body that moves sharply into the first white candlestick.
Links to learn reversal pattern:
0 comments: to “ Reversal Pattern ”
Post a Comment