HSBC has traced out a few dojis recently and the upward sloping flag is often bearish so lets see if it reverses here. I was watching a video on candles today by Stepehen Bigelow where he discussed the "kicking candles " pattern as a very strong signal and was interested to see 4 in this strong trend
(edit : checking the kicking candles definition online it may be I am not totally accurate in calling them all kc patterns as you need a black marabuzo and not all the black candles were marabuzo but we did gap up,which was a signal of strong trend continuation) Bigelow uses an 8 dema as a signal line,buying if the pattern crosses above,I have used a 10 dema here and currently if trading this would be looking for a candlestick reversal pattern to break the 10 dema as a sell signal
http://www.thepatternsite.com/KickingBull.html
(edit : checking the kicking candles definition online it may be I am not totally accurate in calling them all kc patterns as you need a black marabuzo and not all the black candles were marabuzo but we did gap up,which was a signal of strong trend continuation) Bigelow uses an 8 dema as a signal line,buying if the pattern crosses above,I have used a 10 dema here and currently if trading this would be looking for a candlestick reversal pattern to break the 10 dema as a sell signal
http://www.thepatternsite.com/KickingBull.html
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Just popping in. Have a new article, if you're interested.Keep up the good work.
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Thks Darah.I have posted your chart with link.I took the link off just because it was inactive now you are private.
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