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question from readers
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Hi in the image i have 2 double blocks, A & B.
Here I can see that B is outside and inside A’s close.
How would i then predict if the next candle
will be buy/sell in this scinario?
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B’s 4th candlestick is A’s
inside close so next candle open sell
B’s 4th bear candlestick sell confirmation
next candlestick open sell
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question from readers
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Hi i seen your video on the double block pattern. You say if double block is within previous candle, then trade the same as the previous candle. Although in the above image we have double bock within previous green handle, however here it continued as red. am i missing anything?
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if double block is within previous double block then trade the same as the previous
candle
a.previous double block
b.double block is within previous double block (inside close)
c. previous candle = bull candlestick
so buy
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Questions From Readers
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Thanks alot… But what does “a.b.c.d pattern” mean?
if any pattern occurs we should see , from the left , whether the pattern is inside or outside
of previous pattern.
for example, if double block appears, we should check whether it is inside of another double block or color continuation.
Then we have to place buy stop or sell stop, with respect to enclosed pattern high or low from right to left after candle closed lower or higher.
am I right?
Yes right.
a.b.c =bull candlesticks uptrend
d= bear candlestick colour changed. this means uptrend ends here
so a.b.c.d means uptrend end
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Questions From Readers
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Kindly clarify how to trade if multiple patterns appear as in the attached screenshot?
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a.b.c. all of them bull candlesticks
d.bear candlestick
colour changed white to black (bull candlestick to bear candlestick) and up trend end
1.2.3.4 all of them a to d inside close
so priority a.b.c.d pattern (sell)
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Questions From Readers
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Hello how are you?
I did not understand your concept of colour changed?
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same colour continuation = trend
colour changed = trend end
same colour continuation consist of 3 bull candlesticks or 3 bear candlesticks
(1).(2).(3)
all of them bull candlesticks(same colour)
each close price higher than each open price
(4)bear candlestick
close price lower than open price
so colour changed= bull candlestick to bear candlestick or bear candlestick to bull candlestick
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Questions From Readers
In another video (Image numbered 2), you say “Engulfing and Buy Entry”.
Questions:
1. Which type of Engulfing we have to go for BUY or SELL.
2. Same color Engulfing is also considered as Engulfing(White engulfs by White and Black engulfs by Black).
3. Difference between Body Engulfing and High to Low Complete Engulfing and which is more potential.
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1.here are some engulfing candlestick pattern
・high to low candlestick engulfing
・body engulfing
・different colour engulfing
・same colour engulfing
buy
high to low candlestick engulfing +same colour engulfing
sell
high to low candlestick engulfing +same colour engulfing
(a) white candlestick engulf previous (b)high to low
(a)and (b) are same colour
high to low candlestick engulfing +same colour engulfing
so sell
2.Same color Engulfing is also considered as Engulfing
3.High to Low Complete Engulfing more potential
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Questions From Readers
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Thanks for your reply… Double Block free and free advanced version both are working nicely in lower timeframe…. Thanks a lot sir….
In one of your videos you have mentioned “Double Block With Same Color pattern”… But I couldn’t get the pattern…
kindly send a me a picture of that pattern with buy stop and sell stop order placement….
Thanks in advance.
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1.bull candlestick
2.bull candlestick
3.bear candlestick
4.bear candlestick
5.bear candlestick
1.2.3.4=double block
3.4.5 all of them bear candlestick
same color continuation consists of 3 bear candlesticks or 3 bull candlesticks.
in this case 3 bear candlesticks
so 1.2.3.4.5=double block + same color continuation.
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