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IQ Option Candlestick Strategy, When The Movement Sideways Over?

IQ Option candlestick analysis and strategy

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How to earn profits or winning in the binary options trading and forex trading is to master how to analyze or predict the direction of the next movement.

The movement of prices on the trading platform is basically there are only three:

  • The movement direction upward
  • The movement direction down
  • The direction of Movement to the side

If the trader can find out where the next price movement so it is not difficult to take decisions open position trading with confidence and capitalize on a consistent basis.

Then how to predict movements in the direction of the next?

Many of the ways that you can do, one of which traders using technical analysis candlestick.

In this article, I will discuss the candlestick patterns that indicate impending movement trend, whether it's the movement up or down.
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It usually occurs before the movement trend beginning with the movements sideways. When the movement sideways will end marked by a candlestick formation called candlestick patterns post-consolidation.

6 POST CONSOLIDATION CANDLESTICK PATTERN


Candlestick Post Consolidation Pattern is the pattern of the candlestick shows the consolidation will end
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These candlestick patterns indicating impending movement up and down:


1. A BEARISH HARAMI
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Types: Candlestick Post Consolidation Pattern

Description:
  1. When the market is sideways going bullish candle with a long body.
  2. The next session opened lower than the close and closed higher than the open first candle so that formed inside day.

Psychology:

During the consolidation appears bullish candle with a body length of next session but moving in opposite directions indicate the market is changed from being bearish to bullish in anticipation of the downtrend.

Note:
  • It is usually followed by a decline in volume and volatility
  • These patterns require the confirmation of the next session, that the price moves down under the first candle.

2. A BULLISH HARAMI
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Types: Candlestick Post Consolidation Pattern

Description:
  1. The time markets are bearish candle going sideways with a long body.
  2. The next session opened higher than the close and closed lower than the open first candle so that formed inside day.

Psychology:

During the consolidation of emerging bearish candle with a body length of next session but moving in opposite directions indicate the market participants turned bearish from bullish to be anticipating an uptrend.

Note:
  • It is usually followed by a decline in volume and volatility
  • These patterns require the confirmation of the next session, that the price moves up above the first candle.

3. BEARISH DOJI
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Types: Candlestick Post Consolidation Pattern

Description:

Doji appear when the market moved sideways after experiencing an uptrend.

Psychology:

While the market experienced consolidation and price reaches the resistance level of trading range shows the buyer tried to take control and return the uptrend.

But the price drop back and formed doji indicating that market participants doubt the uptrend can continue and they start to think that the market will reverse the downtrend.

Note:
  • These patterns require the confirmation of the next session, that is, moving down Pierce support trading range.

4. The BULLISH DOJI
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Types: Candlestick Post Consolidation Pattern

Description:

Doji appear when the market moved sideways after experiencing a downtrend.

Psychology:

While the market experienced consolidation and price reaches the level of support of the trading range shows the seller tried to take control and return the downtrend.

But the price rises again and formed doji.

This indicates market participants doubt that downtrend may continue and they start to think that the market will reverse the uptrend.

Note:
  • These patterns require the confirmation of the next session, that is, moving down penetrate resistance trading range.

5. BEARISH RICKSHAWMAN
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Types: Candlestick Post Consolidation Pattern

Description:
  1. When the market is sideways going bullish candle with a long body.
  2. The next session opened and closed under the middle of the body first candle so it has a shorter body and shadow.

Psychology:

With the advent of two candlestick that has long range shows the market tried to test the level of support and resistance trading range and make a breakout.

With candle opened and closed below the midbody candle first then the downtrend potential to occur.

Note:
  • The colour of the second candle is not significant.

6. The BULLISH RICKSHAWMAN
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Types: Candlestick Post Consolidation Pattern

Description:
  1. The time markets are bearish candle going sideways with a long body.
  2. The next session opened and closed above the middle of the body first candle so it has a shorter body and shadow.

Psychology:

With the advent of two candlestick that has long range shows the market tried to test the level of support and resistance trading range and make a breakout.

With candle opened and closed above the midbody candle first then the uptrend can potentially occur.

Note:
  • The colour of the second candle is not significant.

That's some candlestick patterns which indicate movement sideways will be over soon and the next will occur over or downtrend movement.

By knowing the pattern the pattern above, traders can exploit it to immediately perform a execution of open trading positions after one of candlestick patterns post consolidation appears.

Do not miss also to learn very important candlestick patterns are:


By studying all kinds of candlestick patterns hopefully, you were able to get the advantage on a consistent basis. Maybe useful and profit.
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