Bearish candles show the market is moving in a descending pattern. Need a simple method to recollect this? Think about a bear attempting to smack down a colony for some nectar; just you're a broker and you're attempting to smack a few pips into your P/L articulation to help you see returns better than nectar!
Presently, what makes a candle bearish? You got it: filled or dull shaded candles. When you spot one, make
sure it follows the very body-to-wick proportion that we talked
about for bullish candles. The body rule actually remains constant for bearish candles aside from this time, we're in a descending value development. Think about what they state is valid: the greater they are the harder they fall. Here are a couple of bearish developments that as often as possible spring up on the diagrams (see next page).
Opening
cost
of the
bullish
flame
Sell at the
opening
of the
next
flame.
Defensive Stop Loss Order 15 pips over the high
Opening
cost of the
bullish flame
Close of the
bearish
flame must
be past a
60% u-turn.
Sell at the opening
of the following flame.
Defensive Stop Loss Order 15 pips over the high
Sell at the
opening of the
next flame.
Defensive Stop Loss Order 15 pips over the high
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