[lrathi]

Combining ASHFXv2 indicators with other momentum indicators discussed and candlesticks.

Bearish Divergence seen more clearly

Use momemtum oscillators to confirm weakening momentum with bearish reversals candles can increase the robustness of a bearish reversal pattern.

Shooting Star seen.... Bearish reversal indication.
Candlesticks provide an excellent means to identify short-term reversals, but should not be used alone.

Shooting Star
The shooting star is made up of one candlestick (white or black) with a small body, long upper shadow and small or nonexistent lower shadow. The size of the upper shadow should be a least twice the length of the body and the high/low range should be relatively large. Large is a relative term and the high/low range should be large relative to the range over the last 10-20 days.

For a candlestick to be in star position, it must gap way from the previous candlestick. In Candlestick Charting Explained, Greg Morris indicates that a shooting star should gap up from the preceding candlestick. However, in Beyond Candlesticks, Steve Nison provides a shooting star example that forms below the previous close. There should be room to maneuver, especially when dealing with stocks and indices, which often open near the previous close. A gap up would definitely enhance the robustness of a shooting star, but the essence of the reversal should not be lost without the gap.

So if weekly looks so bearish..... Trading with higher Timeframe participation...

Trade Ashfxv2 signals or any other strategy on lower TF(daily) will be ONLY SHORTS.

Many happy pips to be made in the coming weeks.