1 Topic by tho.schu (edited by tho.schu 2017-07-21 13:10:26)

  • Registered: 2014-02-15
  • Posts: 118

Topic: Pop Gun Formation

Hello everyone,

How can I construct a pop gun opening? Can somebody help me with it?

http://www.marketoracle.co.uk/Article36717.html

  • Registered: 2014-02-15
  • Posts: 118

Re: Pop Gun Formation

I think it's time for a new indicator.

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  • From: A pineapple under the sea
  • Registered: 2017-05-14
  • Posts: 52

Re: Pop Gun Formation

You may be able to use the candle color and the doji indcators for this setup. First candle is large in direction of break, second could be a doji or a small candle, third is a bearish engulfing bar. Hmmm, yeah I'm sure you could set this up using the candle color indicator.

4 Reply by tho.schu (edited by tho.schu 2017-07-22 21:38:26)

  • Registered: 2014-02-15
  • Posts: 118

Re: Pop Gun Formation

I did a little research. I think the direction of the second candle is irrelevant. The effect of this formation depends on the overall length and less on the direction of the second candle. Information from the Internet is not specific enough. The illustrated statement, however, skin me out of the socks.