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Above Below the Stomach Pattern

by admin April 5, 2019 2 min read 0 comments

Key Takeaways

  • Market conditions and their impact on trading decisions
  • Key levels and price action analysis
  • Risk management strategies for this setup
Above Below The Stomach Pattern

– Normally it should be a signal of reversal of the current Trend.

– You can find it in the variants: Above and Below, depending on the Trend in which is located.

Above The Stomach

– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern .

– The First Candle is black.

– The Second Candle is white; it has the Open above or at the same level of the midpoint of the Real Body of the First Candle. Whereas it has the Close above the Close of the First Candle and above the midpoint of the Real Body of the First Candle.

Below The Stomach

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern .

– The First Candle is long and white.

– The Second Candle is black (Although it could be also white); it has the Open below or at the same level of the midpoint of the Real Body of the First Candle. Whereas it has the Close below the Open of the First Candle and below the midpoint of the Real Body of the First Candle (In the case which the Second Candle is black).

Trading Data Snapshot

Always verify current market conditions before executing any trade. Past performance does not guarantee future results.

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Trading analyst and market commentator with expertise in technical analysis, price action, and risk management. Dedicated to helping traders make informed decisions.

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