I want to know, in taking trading decision do you focus only on a particular timeframe 


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I want to know,in taking trading decision do you focus only on a particular timeframe

 

reader’s message
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Dear long,
I want to know,in taking trading decision do you focus only on a particular timeframe eg 4 hours,or do you also check other timeframes like 1 hour,30 minutes etc before taking a decision.

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Before taking a decision daily time frame

I check only daily time frame

because daily time frame include short time frame

1 hour,30 minutes etc price action

click here

https://youtu.be/lwrrmXuI8CQ

Some Complex Patterns of Candlesticks

Candlestick patterns can predict possible market variation.

There are two types of candlestick patterns- simple patterns and complex patterns.

Complex patterns are made of more than one candle.

Here are some complex patterns traders need to know about.

Evening-star

Evening Star consists of a large white body candlestick that is followed by a small body candlestick that gaps above the previous.

The second candle can be of any color.

The third is a black body candlestick that closes well within the large white body.

It is considered as a reversal signal when it appears at top level.
Falling-window

Falling Window is a window that is created when the high of the second candlestick is below the low of the preceding candlestick.

It is considered that the window should be filled with a probable resistance.

Morning-doji-star

Morning Doji Star consists of a large black body candlestick followed by a Doji that occurred below the preceding candlestick.

On the following day, a third white body candlestick is formed that closed well into the black body candlestick..

It is considered as a major reversal signal that is more bullish than the regular morning star pattern because of the existence of the Doji.

Morning-star

Morning Star consists of a large black body candlestick followed by a small body that occurred below the large black body candlestick.

On the following day, a third white body candlestick is formed that closed well into the black body candlestick.

It is considered as a major reversal signal when it appears at bottom.

On-neckline

On Neckline consists of a black candlestick followed by a small body white candlestick with its close near the low of the preceding black candlestick.

It is considered as a bearish pattern when the low of the white candlestick is penetrated.

The complex patterns are often more accurate signs of any condition than the simple ones.

https://youtu.be/XhdVeOZlMGw

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