Now we go to episode 2. Yes, we still talk about candlestick patterns that would be a pointer where the treasure is located. Of course, with noticing to the patterns that formed earlier.
Double Candlestick Pattern
Bullish Engulfing is a reversal from a downtrend to an uptrend. Bullish Engulfing has two candlesticks, where a bearish candlestick followed by bullish candlestick which length is greater than the bearish candlestick. That means, the buyer had eaten the seller and usually there will be a big movement after a downtrend or a period of consolidation.
Bearish Engulfing is a reversal from an uptrend to a downtrend. Bearish Engulfing has two candlesticks, where the bullish candlestick followed by bearish candlestick which length is greater than the bullish candlestick. That means, the seller had eaten the buyer and usually there will be a big bearish movement.
Try to see the picture above. Incidentally, I found two engulfing in my MT4 terminal, occurred on EUR / USD with Time Frame H1. Well ... well ... he's really shows the location of the treasure.
Tweezer is a two candle reversal. This type of candle pattern can usually be seen after an extended trend, indicating that a reversal is about to occur. See, they look like twins.
Tweezer the most effective must have some provision. Tweezer Bottom, the first candle should be bearish and is followed by bullish candle which is the same shape and size. And tweezer tops, the first candle should be bullish and followed by bearish candle which is the same size.
Triple Candlestick Pattern
Evening star and morning star are three candle that can be found at the end of a trend. They show the location of the treasure trove of perfectly. But so you do not fall into a false signal, you must know the specifications of the evening star and morning star. such as:
The first candle are bullish / bearish (depending on the trend that is happening).
The second candle shows that there may be some confusion in the market. Thus, the shape will be small. Can be either bullish or bearish.
The third candle is the confirmation that the reversal is happening. My suggestion is to open a position in the fourth candle.
I've said to you, there are a lot of treasure locations which can be obtained. There are still a lot of the locations of the treasure that I haven’t shared with you yet. So keep stay tune guys .... Have you read about forex quote ? I hope you did...
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