iCharts Discussions

[jdpt]

Harami



A two day pattern that has a small body day completely contained within the range of the previous body, and is the opposite color.

Bearish = Negative (for sell)
Bullish = Positive (for buy)

[jdpt]

Inside bar/IB


Current bar's range is within the previous bar's range. Another way of saying the same thing - an inside bar has a low greater than the previous bar's low and a high less than the previous bar's high.

An Inside Bar indicates a possible reversal of the current trend to a new trend.

[dhdaarya]

jd bhai go on very useful things for all of us

keep it up

[jdpt]

[jdpt]

Pin Bars


One of my favourite candlstick pattern.
A pin bar is actually a candlestick pattern where the main body of the candle is very small with a long wick. The wick of the pin bar is two to three times the size of its body. Pin bar formations assist traders to find reversal setups for exhaustive trends and fading corrective moves for trend continuation setups.



Pin bars are also referred to as hammers/ hanging man and shooting stars. There are two types of pin bars namely: the bearish pin bar and the bullish pin bar. The bearish pin bar occurs after an uptrend and has a head with the real body and a long upper shadow.

[twist]

jd keep up the good work buddy

[taruj]

Now I understand why understanding candlesticks and the related price action is so important.

JDPT: awesome way of teaching and awesome examples.

Thanks.

[jdpt]

Thank you guys for your feedbacks & support, keep visting here & be continue with your feedbacks.

Regards

[jdpt]

Tweezer Candles


Tweezer candles imply that the trend is being pinched.
Tweezers can be composed of real bodies, shadows or doji.
If the Tweezers also form a reversal pattern (Engulfing+/-, Harami+/-, Hanging Man, Hammer, IB etc) it adds more value to the pattern.


Tweezer Tops

◦Appears at market tops.
◦Bearish reversal pattern.
◦Matching highs or almost.
◦Composed of 2 or more candles of either color.
◦Candles can be consecutive or nearby.
◦Ideally the1st candle is a long body and 2nd candle is a short body.


Tweezer Bottoms

◦Appears at market bottoms.
◦Bullish reversal pattern.
◦Matching lows or almost.
◦Composed of 2 or more candles of either color.
◦Candles can be consecutive or nearby.
◦Ideally the 1st candle is a long body and 2nd candle is a short body.

[jdpt]

The Popgun


Have you ever seen the M93R gun with handle The Popgun is a three-bar pattern composed of an outside bar preceded by an inside bar. An outside bar occurs when the range of a bar encompasses the previous bar and an inside bar is a price bar whose range is encompassed by the previous bar.

[paa]

JDPT
Good job. Very helpful for us who are new.

[biznet]

Dear JDPT,
Thanks a lot and my best wishes for you and your thread which is very informative and useful for newcomers and who want to learn.

BIZNET

[jdpt]

[jdpt]

Engulfing Patterns

Two candlesticks comprise the engulfing pattern. The second real
body must engulf the prior real body (it need not engulf the shadows).

The second real body of the engulfing pattern should be the opposite
color of the first real body. (The exception to this rule is if the first real
body of the engulfing pattern is so small it is almost a doji (or is a
doji). Thus, after an extended downtrend, a tiny red real body
engulfed by a very large green real body could be a bottom reversal.
In an uptrend, a minute green real body enveloped by a very large
red real body could be a bearish reversal pattern).

[ravib99]

It is really a nice explanation & useful to beginners. Thanks N regards