Post on 10-Jul-2020
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Below the Stomach
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Counter Attack Lines
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BearishBearish
close
BullishBullish
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Not Counter Attack Lines
Second session did not open high enough
Both sessions were not long real bodies
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Bullish Counter Attack
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Volume – Counter Attack
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Bullish Counter-attack
First sign of a turn was bullish counter-
attack
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Convergence of Clues- Counter Attack
Bearish counter attack
doji
Bearish engulfing pattern
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Bearish Counter-attack
Counter-attack also confirming resistance
Why does this candle hint bears’ are not in complete control in spite of the large price drop? What happened the next session?
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The “Phantom” methodThe “Phantom” method
What was support before this session?
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Phantom methodPhantom method
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Phantom Phantom
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Phantom method Phantom method –– where’s R1? where’s R1? (slide 1 of 2)(slide 1 of 2)
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Phantom method Phantom method (slide 2 of 2)(slide 2 of 2)
Using Candles in a “Box” Range
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Box rangeBox range
Do the bears or bulls have the
greater control?
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Box RangeBox Range
Do the bears or bulls have the
greater control?
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Flexibility reading candle signals
Combining intraday signals with longer time frame support or resistance.
Harnessing intraday charts for signals not available on daily charts
Intraday TechniquesIntraday Techniques
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Bearish engulfing pattern and Intraday charts
We are less strict with the definition of some patterns on intra-day charts.
Classic bearish engulfing pattern has open above prior session close. With intraday open can = prior close.
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Intra-day candle patterns
alAlthough open and close are the same, view this as dark cloud
Open and closings are about the same, still view this as a morning star
Bullish engulfing pattern
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Windows on intraday
Most intraday windows will be between the last candle yesterday and the first candle today