WebMar 15, 2024 · The candlestick pattern is likely showing a chart that is starting a new trading range as it will likely be difficult to break the high or the low price of the high wave spinning top candle for awhile and establish the direction of the next trend. This pattern can be an indicator of a change in the current trend. WebMar 31, 2024 · The high wave candle appears often, giving it a frequency rank of 17 (a rank of 1 means most often, 103 means almost invisible). Overall performance is well behind …
Bulkowski on the High Wave Candle Pattern
WebNov 16, 2024 · The bearish high wave candlestick pattern is traded optimally using a bullish mean reversion strategy in the crypto and stock markets and a bearish mean reversion in the forex markets, according to our 21-year backtest. ... 2024 daily chart. Identifying the bearish high wave is as easy as they come. We only need to place a single red bar whose ... WebSep 27, 2024 · A high wave candlestick pattern can appear anywhere on the price chart of a stock or currency pair. This High-wave candlestick pattern could be regarded as part of a … bit wise operators and shifts c
Understanding the powerful Mat-Hold Candlestick Pattern-2024
WebA high-wave candle often has a body and wick ratio of less than 20%. The market activity on the chart is explained by the big shadow above or below the candlestick pattern. As with the top spinning candlestick pattern, the color of the candlestick pattern is irrelevant; it might be red or green. High Wave Pattern Working Conditions WebJun 14, 2024 · You may see high wave Japanese candlesticks forming in various places on your charts – including consolidating (low-range, sideways) markets. In order to be of any use, like the doji and spinning top, the high wave signal must come after an uptrend or a downtrend. Used in this way, it could signal a possible change in direction. WebHigh Wave candle. New: LIVE Alerts now available! Scanner Guide Scan Examples Feedback. Stock passes all of the below filters in nifty 100 segment: Latest Volume Greater than Number 200000. Latest High Greater than Latest Close * Number 1.1. Latest Low Less than Latest Close * Number 0.9. bitwise operator question hackerrank