Requirements
Trendy Market + SNR breakout
Pattern
In Buyers Case
- Some Green Candle (indicating buyers dominance of buyers)
- 1 normal red candle
- The next green candle will completely engulf the previous red candle
- we will trade for a call
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| SS3 Pattern Uptrend |
In Sellers Case
- some red candles
- 1 normal green candle
- The next red candle will completely engulf the previous green candle
- we will trade for put
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| SS3 Pattern DownTrend |
Logic :
We will utilize the breakout concept in ss3 if the breakout is happening and 2nd last candle is from the opposite group then after breakout there will be more chance that the market will continue its direction ( continuation )
please check image
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| SS3 |
Important Note
- reference
- Avoid if breakout candle is abnormal
- Avoid if SNR is present. if there is a gap then its good
- Avoid if the breakout is happening with a hammer or inverted hammer
