𝐉𝐀𝐘 𝐅𝐗 𝐏𝐔𝐁𝐋𝐈𝐂 𝐆𝐑𝐎𝐔𝐏.

It should close at least halfway into the body of the first candle, the more it closes into the first candle's body, the stronger the reversal signal.


🧠 Pattern Psychology
Understanding the psychology behind the Morning Star pattern gives more insight into its significance:


Continuation of Bearish Sentiment: The first long red candle reflects the continuation of the recent downtrend. Bears are in control, pushing prices lower.

Market Indecision: The appearance of the second smaller candle or Doji indicates a pause in the downtrend. This shows that the selling pressure is weakening, and there's uncertainty or indecision in the market. Both bears and bulls are assessing their positions.

Change in Sentiment: The third candle is where the sentiment shifts. The price gaps up on the open, indicating that the bulls have started to step in with force. As the third candle continues to push upward, it confirms that the bulls have taken control, and a potential trend reversal is underway.

Confirmation: While the Morning Star pattern is a strong bullish reversal sign, traders often look for additional confirmation. This could be in the form of another bullish candle following the Morning Star or other technical indicators showing bullish momentum.

What The Pattern Looks Like
In conclusion, the Morning Star candlestick pattern is a powerful tool for traders to identify potential bullish reversals at the end of a downtrend. It provides a visual representation of the shift in market sentiment. However, as with all candlestick patterns, it's vital to use the Morning Star in conjunction with other technical analysis tools and methods to make informed trading decisions.

The Morning Star candlestick pattern is a bullish reversal pattern that signifies a potential change in the direction of the market from bearish to bullish. It typically forms at the end of a downtrend and indicates the dawn of a new upward movement, hence the name "Morning Star," symbolizing the start of a new day.

👀 What The Pattern Looks Like
The Morning Star pattern consists of three candles:

First Candle: This is a long bearish (red) candle that continues the prevailing downtrend. It has a long body, showing a strong downward movement..


Second Candle: The second candle can be either bullish (green) or bearish (red) and is typically a smaller candle or even a Doji (where the opening and closing prices are nearly the same). This candle will often gap down from the close of the first candle, meaning it opens at a lower price than the closing price of the preceding candle.


Third Candle: This is a long bullish (green) candle that often gaps up from the close of the second candle.

TO DAY WE ARE CONTINUING WITH MORNING STAR.

The Hammer candlestick pattern is a bullish reversal pattern that signifies a potential turnaround in price. It typically forms at the end of a downtrend and signals the possibility of a bullish movement starting. It's called a "Hammer" due to its shape, which resembles a hammer with a long handle and a small head.

👀 What The Pattern Looks Like
The Hammer pattern is formed of a single candlestick, which has the following characteristics:


Small Real Body: The body of the candle, which is the difference between the opening and closing prices, should be small. This body can be either red (bearish) or green (bullish).


Long Lower Shadow: The most defining feature of a Hammer is its long lower shadow (wick). This shadow should be at least twice the length of the real body.


Little to No Upper Shadow: Ideally, a Hammer should have little to no upper shadow. If there's a small upper shadow, it can still be considered a Hammer, but the absence of an upper shadow is more ideal.


Position within a Trend: For the pattern to be considered a Hammer, it must form after a downtrend. If the same shape appears after an uptrend, it is called a "Hanging Man" and can be bearish.


🧠 Pattern Psychology
To fully understand the Hammer candlestick pattern, we need to delve into the market psychology behind it:

Previous Downtrend: Before the Hammer appears, there's a prevailing downtrend. This means that the bears have been in control, and the sentiment is pessimistic.

Intra-day Decline and Recovery: On the day the Hammer is formed, prices generally open and continue to move down, suggesting that bears are still trying to push the prices lower. However, at some point during the day, a change in sentiment occurs. Buyers step in, pushing the price back up, often closing near or slightly below the opening price.

Bulls Take Control: The long lower shadow represents the distance between the lowest traded prices of that day and the closing price, showing a rejection of the lower prices. This signifies that bulls are beginning to gain control and that bears are retreating.

Potential Reversal Confirmation: While the Hammer itself is a potential reversal sign, it's essential to look for confirmation on subsequent days. A bullish candle or a gap up the next day can validate the bullish reversal signal of the Hammer.


What The Pattern Looks Like
In conclusion, the Hammer candlestick pattern is an essential tool for traders and investors to identify potential bullish reversals after a downtrend. However, like all candlestick patterns, it's crucial to use the Hammer in conjunction with other technical analysis tools and not to rely solely on it for making trading decisions.

Next lessons we gonna learn about BULLISH & BEARISH candlesticks.?

Head & Shoulders & Inverse Head & Shoulders Ecample:

➖Currency pair: ANY PAIR.

➖Trend: An up trend shows a sign of weakening.

➖Pattern formation: The left shoulder form,followed by the head & right shoulder, with a neckline drawn through the lows of the left and right shoulders.

➖ENTRY: When the price breaks below the neckline of confirmed pattern,then you start looking for a sell opportunity✔️.

➖STOP LOSS: Just place your SL above the right shoulder.

➖TAKE-PROFIT: Then measure the height from the head to the neckline and project this distance downward from the neckline.That's what will be your TAKE PROFITS always.but you can still go more than that as long as trend is confirmed to longer enough.

INVERSE HEAD & SHOULDERS:

➖CURRENCY PAIR: ANY PAIR.

➖Trend: A downtrend shows signs of reversing.

➖Pattern Formation: The left shoulder forms,followed by the head & right shoulder,with the neckline drawn through the highs of the left and right shoulders.

➖ENTRY: The price breaks above the neckline,of confirmed pattern,Then look for a buy position.

➖STOP LOSS:Place the SL just below the right shoulder.

➖TAKE PROFIT: Measure the height from the head & shoulders to the neckline and project this distance upward from neckline,this will be your TAKE PROFIT targets.but it can go more than that depends of how strong the up trend direction is confirmed✔️.

➖FALSE BREAKOUT: Always you need to be cautious about breakouts⚡️⚠️,where the price breakouts the neckline but quickly reverses.use a confirmation candle closed or retest of the neckline as a confirmation as an additional confirmation 👍👍.

⭐THE HEAD & SHOULDERS PATTERN IS A POWERFUL TOOL FOR IDENTIFYING THE TREND REVERSALS,WITH PROPER IDENTIFICATION,CONFIRMATION & PROPER RISK MANAGEMENT,IT CAN BE AN EFFECTIVE ADDITIONAL TO YOUR FOREX TRADING STRATEGY👍👍👍👍👍👍.

🔥🔥🔥🔥🔥🔥🔥

To morrow we will make an examples using Currencies pairs.

ENTRY POINT:

🔤Standard head & shoulders: Enter a sell position,when a price breaks below the neckline after forming the right shoulder, then wait for a candle to close below the neckline to comfir the breakout👍.

INVERSE HEAD &SHOULDERS:

🔤Enter a buy position after price breaks above neckline after forming the right shoulder.wait for a candle to close above the neckline to confirm the breakout⭐.

STOP-LOSS PLACEMENT:

🔤Place your SL just above the right shoulder for a standard of head and shoulders pattern or just below the right shoulder for an Inverse head and shoulders pattern.this will help you to protects against false breakout👍.

TAKE PROFIT TARGET:

➖Then measure the distance of from top of neckline,this distance is projected downward(for a standard pattern)or upward(for an Inverse and should)from the break out points to set your take a profit level.

*️⃣Alternatively,you can use a trailing stop loss to lock in yr profits as the trades moves in your favor👍.

⭐IDENTIFY THE PATTERN☝️🤙.

➖Look for a bullish trend that's have started to show a sign of weakening.

➖Spot the formation of LEFT shoulder,HEAD and RIGHT shoulder,.

➖Draw the neckline by connecting the lows of the LEFT and RIGHT shoulders foe regular pattern or highs of the left and right shoulders for an Inverse head and shoulders pattern.👍👍

Head & shoulders Lesson prt2.

To morrow we will learn how to identify:

😀.The pattern.
😀.Entry point.
😀.SL placements.
😀.TP Target.

STAY READY CHAMPS👍👍👍.

✔️Inverse head & shoulder pattern.

➡️This is the mirror image of head and shoulders pattern,and indicates a potential reversal from a downtrend yo an uptrend.

➡️The pattern consists on a lower low(Left shoulder) and then a higher highlow(Right shoulder)with the resistance lever that forms the NECKLINE.

Head & shoulders patterns is one of the most reliable and popular pattern that we use in forex trading.
It typically signals a reversal of the current trend,either is from bullish to bearish or from bearish to bullish.here is how to identify and trade head and shoulders pattern in forex trading.

✅Understand the head and shoulders pattern.

➡️COMPONENTS OF THE PATTERN.

😀.Left shoulders: The price rises,then falls to form the 1st peak(Left shoulder).Then after that the price retraces to form a support lever.

😀.Head: The price rises again,to form a higher peak(Head) than the first one,and then falls back to the support level.

😀.Right shoulder: The price rises once more but fails to reach to reach the height of head,that's where is forms the 3rd peak(Right shoulder).after that then price declines back to the support level,which acts as neckline.

😀.Neckline: Is the support level that connects both the low of left shoulder and right shoulder.

Hey champs?as so many of you have been asking me to teach you how to trade head and shoulders,now I wanna teach you how to.check the Pic below of how head and shoulders looks like,then I will start to explain how to trade it.

https://youtu.be/bVLoTiYU8F8?si=lCBdpp0iz8IrOmZV

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