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BX Swing 03
BX Swing 03
BOOTCAMP
BOOTCAMP
CLASS OUTLINE
Section1 Section2 Section3
Note:
1. Have a pen and paper to note down important concepts
2. Message your questions in the chat and Arvind will ask during the QnA session.
3. Study Material will be shared in the WhatsApp group.
JAPANESE CANDLESTICK
H Highest price
Real Body
L Lowest price
Lower shadow/wick
C Closing price
BULLISH CANDLE
L
Winner : Bull
BEARISH CANDLE
L Winner : Bear
DOJI CANDLE
No Real Body
H
Inconclusive Interest
Downtrend/fall in price.
No or very small upper shadow.
Lower shadow should be at least two to three
times of real body.
Real body size should be small.
Colour doesn't matter.
HANGING
MAN
1 CANDLESTICK PATTERN
PSYCHOLOGY OF HANGING MAN
R/G
C Close below
real body
196
194 Close below
real body
188
Expected fall
Rise in price in price
PROPERTIES OF HANGING MAN
Uptrend/rise in price.
No or very small upper shadow.
Lower shadow should be at least two to three
times of real body.
Real body size should very small.
Real body colour does not matter.
2nd candle should close below the real body of
1st candle.
SHOOTING
STAR
1 CANDLESTICK PATTERN
PATTERN : SHOOTING STAR
Uptrend/rise in price.
No or very small lower shadow.
Upper shadow should be atleast two to three
times of real body.
Real body size should be small.
Colour doesn't matter.
INVERTED
HAMMER
1 CANDLESTICK PATTERN
PATTERN : INVERTED HAMMER
Close above
C
real body
R/G
Expected fall
Rise in price in price
Action : Sell| Stop Loss : Highest High
PATTERN : LONG LEGGED DOJI
Expected Rise
in price
200
Fall in price
197
Action : Buy | Stop Loss : Lowest Low
PATTERN : DRAGONFLY DOJI
203
200
Expected fall
Rise in price in price
200
Fall in price
Expected Rise
in price
Fall in price
200
197
Expected fall
Rise in price
in price
Downtrend/fall in price.
1st candle = Red candle
2nd candle = Green candle
2nd candle should engulfs more than 50% real
body of 1st candle, shadows doesn't matter.
Extra volume on 2nd candle will provide extra
confirmation.
BULLISH
THRUSTING
2 CANDLESTICK PATTERN
PATTERN : BULLISH THRUSTING