T-1 Psychology behind the formation of a candle - personally I feel that if one is aware of psychology behind the formation of candle than chart starts talking to you. So, here I am starting my journey of ๐Ÿงต with how actually candles form. Small but important for beginners ๐Ÿ‘‡

Hammer - formed at the end of downtrend, opened sellers pushed the prices down, buyers came & pushed the prices up & close the candle above the OP. Shadow formed twice of body. Also observed at trend line & support zone. ๐Ÿ‘‡
Shooting Star - formed at the end of uptrend, opened buyers pushed the price up, sellers came & pushed the price down and make candle close below the OP. Both hammer & shooting star should always be traded with the confirmation from next candle. ๐Ÿ‘‡
Bullish Engulfing- formed after a downtrend. Price opened below the previous candle, buyers came and form a big green candle above the previous candle high if both candles merge can form a hammer. ๐Ÿ‘‡
Bearish Engulfing- formed after a uptrend. Price opened above the previous candle, sellers came & form a big red candle below the low of previous candle. Merging of both form a shooting star. ๐Ÿ‘‡
Marubozu- strongest candle, No shadow. Green Marubozu shows buying pressure and complete surrender of sellers & Red Marubozu shows selling pressure & complete one sided fight. Must initiate trade candle. ๐Ÿ‘‡
Doji - with no or 5% body. A caution candle. Shows the confusion. Next candle decides the trend. Can be traded strongly if supported by next candle. I call it a resting candle where both buyers & sellers rest and decide further trend. ๐Ÿ‘‡
Falling 3 pattern - my favourite pattern to be traded. Clearly shows the failure of buyers efforts. Big red candle shows the selling pressure which was chased by buyers in three small candle but fail to revert the trend and again a big red candle formed breaking previous low. ๐Ÿ‘‡
Rising 3 pattern - shows a failure of sellers effort and all vice a versa of falling 3 pattern candles. ๐Ÿ‘‡
Common information but may help you to understand what make a body and shadow of some important candles and you can trade accordingly.

More from Stockslearnings

Should you add more in Equity or redeem right now?

A thread ๐Ÿงตto guide retail on why & what should they do at these historic market highs.

Do โ€˜re-tweetโ€™ and help us educate more retail investors (1/n)

#investing #StockMarket

Some investors feel that markets are trading at a PE of 27 vs 10 years historical average of 20 and a market-cap to GDP of 105 vs historical average of 79 and hence markets look expensive (2/n)


But, in such crazy liquidity driven markets, prices can move much ahead of the fundamentals & suddenly we start hearing commentaries of how the market is pricing in the earnings of FY 22 & 23 to justify the rally

If you r new to fundamentals, ๐Ÿ‘‡ can help


Results for Q4 have come out very well but that is also because of the lower base effect of the last year.

Over the last many years, markets have corrected 10-15% each calendar year. Can it happen this year as well? Can very much and that can be a great entry point. Why? (4/n)


There are a lot of over hangs in the near term,
-Crude going up
-$ index moving up
-Inflation moving up
-COVID uncertainties
All of the above are โ€“ve for markets & liquidity on the other side driving markets up, its impossible to judge the near term movement of the markets (5/n)

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๐ŸŒฟ๐‘ป๐’‰๐’† ๐’”๐’•๐’๐’“๐’š ๐’๐’‡ ๐’‚ ๐‘บ๐’•๐’‚๐’“ : ๐‘ซ๐’‰๐’“๐’–๐’—๐’‚ & ๐‘ฝ๐’Š๐’”๐’‰๐’๐’–

Once upon a time there was a Raja named Uttฤnapฤda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W


Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela


The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.


One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.


Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
First update to https://t.co/lDdqjtKTZL since the challenge ended โ€“ Medium links!! Go add your Medium profile now ๐Ÿ‘€๐Ÿ“ (thanks @diannamallen for the suggestion ๐Ÿ˜)


Just added Telegram links to
https://t.co/lDdqjtKTZL too! Now you can provide a nice easy way for people to message you :)


Less than 1 hour since I started adding stuff to https://t.co/lDdqjtKTZL again, and profile pages are now responsive!!! ๐Ÿฅณ Check it out -> https://t.co/fVkEL4fu0L


Accounts page is now also responsive!! ๐Ÿ“ฑโœจ


๐Ÿ’ชย I managed to make the whole site responsive in about an hour. On my roadmap I had it down as 4-5 hours!!! ๐Ÿค˜๐Ÿค ๐Ÿค˜
The YouTube algorithm that I helped build in 2011 still recommends the flat earth theory by the *hundreds of millions*. This investigation by @RawStory shows some of the real-life consequences of this badly designed AI.


This spring at SxSW, @SusanWojcicki promised "Wikipedia snippets" on debated videos. But they didn't put them on flat earth videos, and instead @YouTube is promoting merchandising such as "NASA lies - Never Trust a Snake". 2/


A few example of flat earth videos that were promoted by YouTube #today:
https://t.co/TumQiX2tlj 3/

https://t.co/uAORIJ5BYX 4/

https://t.co/yOGZ0pLfHG 5/