๐—ง๐—ฅ๐—”๐——๐—œ๐—ก๐—š ๐—–๐—”๐—ก๐——๐—Ÿ๐—˜๐—ฆ๐—ง๐—œ๐—–๐—ž ๐—ฃ๐—”๐—ง๐—ง๐—˜๐—ฅ๐—ก๐—ฆ !๐Ÿ“Š

~๐™ฐ ๐šƒ๐š‘๐š›๐šŽ๐šŠ๐š~๐Ÿงต

๐™ฟ๐š•๐šŽ๐šŠ๐šœ๐šŽ ๐š๐šŽ-๐šƒ๐š ๐šŽ๐šŽ๐š ๐š๐š‘๐š’๐šœ ๐š๐š ๐šŽ๐šŽ๐š ๐š๐š˜๐š› ๐š–๐š˜๐š›๐šŽ ๐š›๐šŽ๐šŠ๐šŒ๐š‘ ๐Ÿคž

@ProdigalTrader @SouravSenguptaI @PAlearner @Puretechnicals9 @caniravkaria @MrigankPuri @nison_steve @chartmojo

(1/18) In this thread, l'll try and talk about candlestick patterns, what they are, how they work, and why you donโ€™t need to memorize any particular pattern to gauge the supply and demand of market.
(2/18) Itโ€™s said that Japanese candlestick patterns originated from a Japanese rice trader called ๐˜”๐˜ถ๐˜ฏ๐˜ฆ๐˜ฉ๐˜ช๐˜ด๐˜ข ๐˜๐˜ฐ๐˜ฏ๐˜ฎ๐˜ข during the 1700s. Later, this concept was introduced to the Western world by Steve Nison, in his book, 'Japanese Candlestick Charting Techniques'.
(3/18) Every candlestick pattern has four data points:
๐—ข๐—ฝ๐—ฒ๐—ป: The opening price.
๐—›๐—ถ๐—ด๐—ต: The highest price over a specific time period.
๐—Ÿ๐—ผ๐˜„: The lowest price over a specific time period.
๐—–๐—น๐—ผ๐˜€๐—ฒ: The closing price.

Hereโ€™s an example:
(4/18) Now a thing to note is that candlestick patterns maybe both bullish or bearish and there are single candlestick patterns, two candlestick patterns and even three candlestick patterns.

๐‚๐€๐๐ƒ๐‹๐„๐’๐“๐ˆ๐‚๐Š ๐‚๐‡๐„๐€๐“๐’๐‡๐„๐„๐“:
(5/18) But, in this thread I'll not go deep into multiple candlestick patterns, rather I'll try and explain the underlying dynamics of single candlesticks and how they can used efficiently to make better trading decisions.
(6/18) ๐—ง๐—ต๐—ฒ ๐— ๐—ฎ๐—ฟ๐˜‚๐—ฏ๐—ผ๐˜‡๐˜‚
A Marubuzo indicates that there is so much buying/selling interest in a stock that the market participants were willing to buy/sell the stock at every price point during the day, so much so that the stock closed near its high/low point for the day.
(7/18) It does not matter what the prior trend has been, the action on the marubuzo day suggests that the sentiment has changed and the stock in now bullish/bearish.
(8/18) ๐—ง๐—ต๐—ฒ ๐——๐—ผ๐—ท๐—ถ
This means the open and close prices are equal. Dojiโ€™s provide crucial information about the market sentiments and is an important candlestick pattern.
(9/18) The doji candle signals that there is indecision is the market. The market could swing either ways and you need to build a stance that adapts to the expected movement in the market. Even if there is a thin body, the candle can be considered as a doji.
(10/18) ๐—ง๐—ต๐—ฒ ๐‡๐š๐ฆ๐ฆ๐ž๐ซ
The bullish hammer is a significant candlestick pattern that occurs at the bottom of the trend. A hammer consists of small real body at the upper end of the trading range with a long lower shadow. The longer the lower shadow the more bullish it is.
(11/18) A hammer can be of any color as it does not really matter as long as it qualifies โ€˜the shadow to real bodyโ€™ ratio. However, it is slightly more comforting to see a bullish body. Since, the hammer is seen after a downtrend, it shows demand.
(12/18) ๐—ง๐—ต๐—ฒ ๐—ฆ๐—ต๐—ผ๐—ผ๐˜๐—ถ๐—ป๐—ด ๐˜€๐˜๐—ฎ๐—ฟ [๐˜๐˜ฏ๐˜ท๐˜ฆ๐˜ณ๐˜ต๐˜ฆ๐˜ฅ ๐˜๐˜ข๐˜ฎ๐˜ฎ๐˜ฆ๐˜ณ]
The shooting star is a top reversal pattern. A shooting star signals a market high. Since the shooting star is seen after a high, the pattern signals selling pressure.
(13/18) The colour of the body does not matter, but the pattern is slightly more reliable if the real body is red. The longer the upper wick, the more bearish is the pattern.
(14/18) Now there are two questions you must ask yourself when you analyze candlestick patterns-

๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป ๐Ÿญ: ๐—ช๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ฑ๐—ถ๐—ฑ ๐˜๐—ต๐—ฒ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—ฐ๐—น๐—ผ๐˜€๐—ฒ ๐—ฟ๐—ฒ๐—น๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐˜๐—ผ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ฎ๐—ป๐—ด๐—ฒ?
(15/18) We need to ask whoโ€™s in control?
Well, if the price closed the near highs of the range, that tells you the buyers are in control. But, if the price closed near the lows of the range and shows rejection of higher prices, it shows that sellers are in control.
(16/18) ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง ๐Ÿ: ๐–๐ก๐š๐ญโ€™๐ฌ ๐ญ๐ก๐ž ๐ฌ๐ข๐ณ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐œ๐š๐ง๐๐ฅ๐ž๐ฌ๐ญ๐ข๐œ๐ค ๐ฉ๐š๐ญ๐ญ๐ž๐ซ๐ง ๐ซ๐ž๐ฅ๐š๐ญ๐ข๐ฏ๐ž ๐ญ๐จ ๐ญ๐ก๐ž ๐ž๐š๐ซ๐ฅ๐ข๐ž๐ซ ๐จ๐ง๐ž๐ฌ?

This question will help you determine if thereโ€™s any
strength (or conviction) behind the move.
(17/18) If the current candle is much larger (like two or more times larger), this tells you thereโ€™s strength behind the move.
(18/18)๐™๐™๐™–๐™ฃ๐™  ๐™ฎ๐™ค๐™ช!
And, please point out if there is any mistake on my end. Would love to hear each and everyone's views.
If you liked reading this then please Re-Tweet the first tweet in this thread and follow @sarosij_ghosh for more stuff on trading & investing. ๐Ÿ˜‡๐Ÿ™

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เฅฅเฅเฅฅ
เค…เคธเฅเคฏ เคถเฅเคฐเฅ€ เค—เคพเคฏเคคเฅเคฐเฅ€ เคงเฅเคฏเคพเคจ เคถเฅเคฒเฅ‹เค•:
(gAyatri dhyAna shlOka)
โ€ข This shloka to meditate personified form of เคตเฅ‡เคฆเคฎเคพเคคเคพ เค—เคพเคฏเคคเฅเคฐเฅ€ was given by Bhagwaan Brahma to Sage yAgnavalkya (เคฏเคพเคœเฅเคžเคตเคฒเฅเค•เฅเคฏ).

โ€ข 14th shloka of เค—เคพเคฏเคคเฅเคฐเฅ€ เค•เคตเคšเคฎเฅ which is taken from เคตเคถเคฟเคทเฅเค  เคธเค‚เคนเคฟเคคเคพ, goes as follows..


โ€ข เคฎเฅเค•เฅเคคเคพ-เคตเคฟเคฆเฅเคฐเฅเคฎ-เคนเฅ‡เคฎ-เคจเฅ€เคฒ เคงเคตเคฒเคšเฅเค›เคพเคฏเฅˆเคฐเฅเคฎเฅเค–เคธเฅเคคเฅเคฐเฅ€เค•เฅเคทเคฃเฅˆ:เฅค
muktA vidruma hEma nIla dhavalachhAyaiH mukhaistrlkShaNaiH.

โ€ข เคฏเฅเค•เฅเคคเคพเคฎเคฟเคจเฅเคฆเฅเค•เคฒเคพ-เคจเคฟเคฌเคฆเฅเคงเคฎเฅเค•เฅเคŸเคพเค‚ เคคเคคเฅเคตเคพเคฐเฅเคฅเคตเคฐเฅเคฃเคพเคคเฅเคฎเคฟเค•เคพเคฎเฅเฅฅ
yuktAmindukalA nibaddha makutAm tatvArtha varNAtmikam.

โ€ข เค—เคพเคฏเคคเฅเคฐเฅ€เค‚ เคตเคฐเคฆเคพเคญเคฏเคพเค™เฅเค•เฅเคถ เค•เคถเคพเค‚ เคถเฅเคญเฅเคฐเค‚ เค•เคชเคพเคฒเค‚ เค—เคฆเคพเคฎเฅเฅค
gAyatrIm vardAbhayANkusha kashAm shubhram kapAlam gadAm.

โ€ข เคถเค‚เค–เค‚ เคšเค•เฅเคฐเคฎเคฅเคพเคฐเคตเคฟเคจเฅเคฆเคฏเฅเค—เคฒเค‚ เคนเคธเฅเคคเฅˆเคฐเฅเคตเคนเคจเฅเคคเฅ€ เคญเคœเฅˆเฅฅ
shankham chakramathArvinda yugalam hastairvahantIm bhajE.

This shloka describes the form of เคตเฅ‡เคฆเคฎเคพเคคเคพ เค—เคพเคฏเคคเฅเคฐเฅ€.

โ€ข It says, "She has five faces which shine with the colours of a Pearl 'เคฎเฅเค•เฅเคคเคพ', Coral 'เคตเคฟเคฆเฅเคฐเฅเคฎ', Gold 'เคนเฅ‡เคฎเฅ', Sapphire 'เคจเฅ€เคฒเฅ', & a Diamond 'เคงเคตเคฒเคฎเฅ'.

โ€ข These five faces are symbolic of the five primordial elements called เคชเคžเฅเคšเคฎเคนเคพเคญเฅ‚เคค:' which makes up the entire existence.

โ€ข These are the elements of SPACE, FIRE, WIND, EARTH & WATER.

โ€ข All these five faces shine with three eyes 'เคคเฅเคฐเคฟเค•เฅเคทเคฃเฅˆ:'.

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THREAD: Meditations on marriage metaphors in Ruth

The book of Ruth is, of course, a story about a beautiful marriage. But even before the courtship and the wedding and the important genealogy at the end, we find interesting language that is strikingly reminiscent of Genesis 2:24


That important verse reads:

'Therefore a man shall leave [ื™ึทึฝืขึฒื–ึธื‘] his father and his mother and hold fast [ื•ึฐื“ึธื‘ึทึฃืง] to his wife, and they shall become one flesh.'

The verb ืขื–ื‘ can be quite strong in force. For example, Joseph leaves behind [ื•ึทื™ึทึผืขึฒื–ึนึคื‘] his garment as he flees from Pharaoh's wife's sexual advances. Countless times, Israel is depicted abandoning the LORD, for example in Judg 2:12 [ื•ึทื™ึทึผืขึทื–ึฐื‘ึžื•ึผ], and going after other gods.

Likewise, the verb ื“ื‘ืง is rather striking. Lot is mortified of disaster overtaking him [ืชึดึผื“ึฐื‘ึธึผืงึทึฅื ึดื™] as he flees from Sodom. Israel is commanded in Deut 10:20 to cling fast [ืชึดื“ึฐื‘ึธึผึ”ืง] to the LORD and serve him and swear by his name.

Together they illustrate how radical God designed marriage to be. Marriage is a real severing of family relations in order to form a new, permanent bond with another human being.

Something very similar to this takes places in Ruth's life.