An inside day is a day where the range is contained within the preceding day’s range. For a valid inside day breakout set up there should be at least two consecutive inside days. The more inside days in a row, the greater the chance of the volatility breakout trade occuring. Longer term timeframes such as
The Morning Star is a three candle bullish reversal pattern that occurs during a downtrend. The first day of the Japanese Candlesticks pattern is part of the downtrend with a long black body. The following day gaps lower and has a small white body. The last day is a white candlestick that closes above the
In Neck Line is a two candlestick continuation pattern. The bullish in In Neck Line formation occurs during an uptrend, with a long bodied white candlestick. The second candlestick gaps up but fails to advance further and closes around the top of the prior candlestick’s body.
A three candle bullish reversal pattern. The first candle is in a downtrend with a long black real body. The following candle opens lower and has a small trading range. The last candle in the series is white and closes above the midpoint of the first candle.
Ichimoku Kinko Hyo is a technical indicator published over 30 years ago in Japan. It measures market momentum and trend and also outlines levels of support and resistance. Ichimoku means ‘one look’ in Japanese and this reflects the indicators intent to measure multiple aspects of the market at once. This indicator was developed so that