Posted by speakup > 2019-07-16 16:23 | Report Abuse

stupid article! LOOK AT PENTA LAH!

Posted by winbigbursa > 2019-07-16 20:33 | Report Abuse

Many pains in life are self-inflicted, cannot comprehend why one would choose to day-trade over the T2 contra or short-term trade, whereby, there would be time to wait for next day confirmation candle instead of put own self in a spot to foretell next day's likely outcome.

Maybe its the low brokerage fees of day-trade, which can also be enjoyed if one open a cash upfront trading a/c.

Trading need not be stressful or a pain, if one is prepared with the recent news flow on the stock, background price patterns of the targeted stock, such as support, resistance levels, moving averages, ema10,ema20,ema50 n relevant technical data which are available free in I3.

Of course, a normadic day-trader that moves from stock A-Z, would be more stress, compared to a resident day-trader , who trade a recurrent few stocks & keep a good knowledge of the stocks , fundamental & technical data.

Investopedia :

The candle that forms after the shooting star is what confirms the shooting star candle. The next candle's high must stay below the high of the shooting star and then proceed to close below the close of the shooting star. Ideally, the candle after the shooting star gaps lower or opens near the prior close and then moves lower on heavy volume. A down day after a shooting star helps confirm the price reversal and indicates the price could continue to fall.

If the price rises after a shooting star, the price range of the shooting star may still act as resistance. For example, the price may consolidate in the area of the shooting star. If the price ultimately continues to rise, the uptrend is still intact and traders should favor long positions over selling or shorting.