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The function of the analysis either technically or fundamentally
determine whether prices will rise or fall, will move in the same
direction or reverse direction.
Based on the type of analysis is divided into two, namely:
Analysis to determine trends that would happen, that analyze price
movements globally and estimate the shape of the graph is going to
happen.
Analysis to determine the type of candle that will be formed, whether bullish or bearish candle candle. That is only targeting one candle alone, but the candle which is targeted at a distance equal to a trend. Candle targeted so usually it uses a 4 hour time frame upwards.
In terms of determining trend that will be formed, candlestick only as a supporting role only. Namely as a signal giver entry / entry point, so that traders get the best price.
I. Entry Point Trend Up
The rising trend can be detected by the appearance of long-bodied bullish candle forwarding after rising chart low Markowitz
And this is the result
II. Entry Point Trend turunTrend down can be detected with the emergence
of long-bodied candle bearis forwarding after high Markowitz chart that
modestly
This is the result
III. Entry Point Turn Direction NaikPembalikan the direction of the trend
down to the rising trend could be detected by the appearance or inverted
hammer candle and candle reversal Hamer in oversold area or convergent.
This is the result
IV. Entry Point Turn Direction TurunPembalikan the direction of the trend
up into the down trend could be detected by the appearance of a
shooting star candle, candle hanging man and other types of reversal in
the overbought area or convergent
This is the result
In terms of determining the type of the next candle is bullish or
bearish, candlestick serves as the main actor, supporters are graphical
form constituent previous candle.
I. Entry point forwarding is if the previous candle candle
continuation and chart form constituent meneunjukan trend will continue.The
most potentially continue the trend when the price is just turning
direction, or a new trend at the start, because if the trend has been
established, the next potential is weakening. Therefore,
to target the next candle candle should we use that characterizes that
the price of just turning direction or a new trend began. And the candle shape like this:
Example analysis:
In the picture above we see that has emerged candle types of continuation. From here we can predict that the next candle will go down. For mesamstikannya we see his chart pattern on a smaller time frame,
then we analyze whether its graphics will show terjeadi trend down as
well.
From the above chart we find three things that show the trend is going down, namely:
The existence of peaks modestly
Which successfully penetrated the support line
The penetration of the support line was confirmed by a correction then turn again to the bottom by a long candle.
And this is the result:
II. Entry point reversal is when the previous candle indicates the type
of candle reversal, was confirmed by the constituent graphic form
overbought or oversold atu even convergent.
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