The Candlestick Trading Bible～get TP from Candlestick Pattern
If the trend going up step by step or growing high speed, it is will not maintain forever.
Enen if Strong up trend is occur, The trend will be going down 100%.
So. Traders, Don’t following trend too much, if you see “Reversal Signal” on the chart
Market price are based on Market psychology
This is very important point to get profit constantly and avoiding loss.
Mostly beginner traders don’t know about it, but we can’t take enough profit without knowing about this.
That is why market is unexpect no one knows future trend exactly.
How to recognize “Reversal Signal” from Up Trend
It is Very simple.
Just following Market psychology, Don’t miss of “Reversal Signal” on the chart
What is Reversal Signal?
Traders Should not miss the signal of reverse. It’s very important to take profit or avoiding stop loss.
Because, Trend will not growing forever, There is “reversal Signal” before turn to going gown trend.
This is “W Top“ it’s also famous reversal signal
This shape is like a “M” , it is called “W top”…very strong reversal signal
But, How we can recognize “W top” when up trend?
It is very simple…we should pay attention to shape of candle sticks
【Outside Bar】
This is one of the reversal signal of candle sticks from up trend.
It’s called “Outside of Bar” on forex market.
Covering Most recent low price, too much…It’s means “outside of Bar”, and this pattern is seen frequently on the chart .
Candle Sticks means “Psychology of the market” every time,
Traders should understand it to take profit.
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The Candlestick Trading Bible～get TP from Candlestick Pattern
