REVIEW COMPLETE INTRADAY TRADING SET UP

 

1. Doji:

   • The Doji candlestick pattern signifies indecision in the market.
   • It has an open and close price that are very close or identical, resulting in a small or nonexistent body.
   • This pattern suggests that neither bulls nor bears are in control and a potential reversal might occur.
     
     
     

2. Hammer:

   • A Hammer pattern appears after a downtrend and indicates potential reversal.
   • It has a small body at the upper end of the price range and a long lower wick.
   • This suggests that bears were dominant during the session but lost control, and bulls might be taking over.
     
     
     

3. Shooting Star:

   • The Shooting Star pattern appears after an uptrend and suggests a potential reversal.
   • It has a small body at the lower end of the price range and a long upper wick.
   • This implies that bulls were dominant during the session but lost control, and bears might be taking over.
     
     
     

4. Bullish Engulfing:

   • This pattern occurs during a downtrend and suggests a reversal to an uptrend.
   • It features a small bearish candle followed by a larger bullish candle that completely engulfs the previous one.
   • This signals a shift from bearish sentiment to bullish sentiment.
     
     
     

5. Bearish Engulfing:

   • The Bearish Engulfing pattern appears during an uptrend and indicates a potential reversal to a downtrend.
   • It consists of a small bullish candle followed by a larger bearish candle that engulfs the previous one.
   • This indicates a shift from bullish sentiment to bearish sentiment.
     
     
     

6. Morning Star:

   • The Morning Star is a three-candle pattern that suggests a reversal from a downtrend to an uptrend.
   • It starts with a long bearish candle, followed by a small bullish or bearish candle, and then a long bullish candle.
   • This signifies a potential change in sentiment, with bears losing control and bulls taking over.
     
     
     

7. Evening Star:

   • The Evening Star is the opposite of the Morning Star and indicates a reversal from an uptrend to a downtrend.
   • It starts with a long bullish candle, followed by a small bullish or bearish candle, and then a long bearish candle.
   • This implies a potential shift from bullish sentiment to bearish sentiment.
     
     
     

8. Harami:

   • A Harami pattern suggests a possible reversal in the market.
   • It consists of two candles, where the first one has a large body and the second one is smaller and within the range of the first candle.
   • The second candle's body can be bullish or bearish.
   • This indicates a potential change in sentiment, but confirmation is needed from subsequent price action.
     
     
     

9. Piercing Pattern:

   • The Piercing Pattern appears after a downtrend and suggests a potential reversal.
   • It has a bearish candle followed by a bullish candle that opens below the previous close but closes above the halfway point of the first candle's body.
   • This indicates potential strength in bulls and a potential reversal.
     
     
     

10. Dark Cloud Cover:

    • The Dark Cloud Cover is the opposite of the Piercing Pattern and appears after an uptrend.
    • It has a bullish candle followed by a bearish candle that opens above the previous close but closes below the halfway point of the first candle's body.
    • This suggests potential weakness in bulls and a potential reversal.