Trading with On-Neck Candlestick Pattern
The security is in a primary downtrend or a significant correction inside a primary uptrend. A long black genuine body is displayed by the first candle. Bearish complacency grows due to the weak market action, while weakening bulls retreat completely. On the second candle, the security gaps down and sells off to a new low, but buyers seize control and boost the price back to the preceding close, but not above it. According to the bears, the bulls were unable to drive the price above the previous close. The bears will seize control of the next few candles, sending the price lower according to the idea. But, as previously stated, this only happens roughly half of the time in actuality. 

Difference between On-Neck and In-Neck Candlestick Pattern
The in-neck pattern, which is also a two-line continuation candlestick pattern, is another option. This is also a bearish pattern in a downtrend with the first candle being bearish. The second candle is a bullish one, with a slightly higher closing price than the prior candle’s closing price. The closing price level shows the distinction between an in-neck and an on-neck candlestick pattern.

   - The in-neck pattern indicates that the trend is still bearish and will continue, but it is not as intense or severe as the
     on-neck candlestick.
   - Because the two patterns are so similar, you’ll have to scrutinize them closely to figure out which is which.

Limitations 
The price could move higher or lower with about equal probabilities if the pattern is followed. The pattern’s moves to the upside tend to be larger than the pattern’s moves to the downside. Trading based on the pattern could lead to a variety of outcomes. While a lower breakout is as simple as a dip below the low (or close) of the second candle, the trader must decide whether they consider a move over the high (or close) of the second or first candle to be a higher breakout point. Because the candlestick pattern lacks an intrinsic profit goal, a mechanism of profit-taking must be established. The pattern works best when combined with additional technical indicators and procedures for confirmation.

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How to use Rising and Falling Window Candlestick Pattern
Rising and Falling Window Candlestick Pattern- The support and resistance zones of window candlestick patterns are highly rigid. Therefore, a stiff resistance region is generated in the case of a Falling Window candlestick pattern, which gives a better probability of trade chances on consecutive re-tests of the resistance area. Similarly, a stiff support region is generated in the case of a Rising Window candlestick pattern, which also gives a better probability of trade chances on consecutive re-tests of the support area.

What is Rising Window Candlestick Pattern?
There must be space between the real bodies of two candles to form a Window (whether rising or falling); in fact, even their shadows should not overlap. During an uptrend, a Rising Window is a price gap that forms. The space between the candles represents the distance between the high of the previous candle and the low of the current candle. This trend indicates that the bulls are in control, and we can expect them to keep pushing the price higher. Examine the size of the gap to acquire a better understanding of the pattern’s message. For example, a high gap denotes a significant price increase, whereas a small gap denotes a modest (and unimportant) price change.

Formation
The Rising Window, also known as a “gap up,” appears when the price continually rises, and it is always regarded as a bullish signal. So don’t be startled if you see the Rising Window; it’s a common occurrence (though not as often on charts with longer time scales).

Because this continuation pattern is so simple and common, make sure you look at it carefully to understand what it’s trying to tell you. Small details can have a significant impact.

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Trading with Rising Window Candlestick Pattern
The chart starts with an upward trend. At the commencement of the movement, the bulls construct a gap up (i.e., a Rising Window) to show their might. The uptrend continues for approximately half of the chart, with predominantly white candles increasing steeply.

What is Falling Window Candlestick Pattern?
A price gap in a downward trend is referred to as a Falling Window candlestick pattern. It must happen while the price trend is down, and it is always a bearish signal. This continuation pattern is highly common on charts with shorter time scales, but it isn’t as common on longer time scales.  Because it is so common, it is critical that you pay attention to the peculiarities of each Falling Window. These details can help you figure out how important the signal is and whether you should pay attention to it.

Formation
When the two candles appear after the Falling Window, examine them. A Downside Tasuki Gap pattern, may have arisen if they do not close the window or fill the gap (this includes their shadows). The first and second candles must be bearish, but the third must be bullish in order to qualify.

After a significant downturn (as evidenced by the gap down), the bulls attempted to force the price back up. However, they were unsuccessful, and the decline is projected to continue. The bears can produce a Falling Window candlestick pattern if they gain control. However, the bears, as expected given the indication, fight on and maintain the downturn.

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Trading with Rising Window Candlestick Pattern
The chart starts with an upward trend. At the commencement of the movement, the bulls construct a gap up (i.e., a Rising Window) to show their might. The uptrend continues for approximately half of the chart, with predominantly white candles increasing steeply.

What is Falling Window Candlestick Pattern?
A price gap in a downward trend is referred to as a Falling Window candlestick pattern. It must happen while the price trend is down, and it is always a bearish signal. This continuation pattern is highly common on charts with shorter time scales, but it isn’t as common on longer time scales.  Because it is so common, it is critical that you pay attention to the peculiarities of each Falling Window. These details can help you figure out how important the signal is and whether you should pay attention to it.

Formation
When the two candles appear after the Falling Window, examine them. A Downside Tasuki Gap pattern, may have arisen if they do not close the window or fill the gap (this includes their shadows). The first and second candles must be bearish, but the third must be bullish in order to qualify.

After a significant downturn (as evidenced by the gap down), the bulls attempted to force the price back up. However, they were unsuccessful, and the decline is projected to continue. The bears can produce a Falling Window candlestick pattern if they gain control. However, the bears, as expected given the indication, fight on and maintain the downturn.

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Solid ECN Securities

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Solid ECN Securities

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Solid ECN Securities

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USDCAD - Technical analysis

H4
On the four-hour chart of the asset, at the level of 1.2971, there is a formation of the Three Black Crows candlestick analysis pattern, which signals the continuation of the negative dynamics of the quotations of the trading instrument, and at the level of 1.2921, the Tweezer Top pattern has been fixed, indicating another local resistance for buyers. In the current situation, a scenario with a downward movement to the support level of 1.2814 is more likely, overcoming which will allow the "bears" to continue the decline to the area of 1.2626−1.2458. An alternative scenario is possible if buyers manage to hold positions at 1.2814 and reverse the situation in their favor, and then the asset will be able to recover in the range of 1.2971–1.3243.

D1
On the daily chart, there is a Three Mountain Tops candlestick analysis pattern with the appearance of formed Tops, which, in turn, emphasizes the overbought asset and the fact that above these levels the "bulls" meet strong resistance. The sellers' activity confirms the appearance of the Hanging Man reversal pattern at the level of 1.2971. A further decline in quotations to the area of 1.2814 is expected, after which the "bears" will be able to continue moving upwards to the level of 1.2458.

Support levels: 1.2814, 1.2626, 1.2458 | Resistance levels: 1.2971, 1.3177, 1.3443

(RSI) Range Shift- A Simple but Effective Trading Strategy

The Relative Strength Index (RSI) is the most popular technical indicator among traders worldwide. It was created in the 1970s by Wells Wilder. In his 1978 book New Concepts in Technical Trading Systems, Mr Wilder advised that the indicator’s default setting be 14 days (half-moon cycle). The RSI is commonly used to determine overbought and oversold levels. Divergence, Reversal, and Failure Swing are other terms associated with using RSI. However, Andrew Cardwell, commonly known as Dr RSI, discovered the Range Shift idea. Furthermore, he found that the RSI indicator may be applied to trending and non-trending markets.

What is the RSI Range Shift concept?

RSI Range Shift is a phenomenon that occurs when the RSI indicator ‘shifts’ from one specified range to another in response to changes in the price movement of an underlying asset. There are five different types of RSI ranges.

Super Bullish Range-60-80
Bullish Range-40-80
Bearish Range-20-60
Super Bearish Range-20-40
Sideways Range-40-60

Trading Examples

1. Super Bullish Range
In this situation, the RSI refuses to fall below 60 and seeks support near 60. RSI tends to swing between 60 and 80 during this highly bullish era. Consider the following Reliance example.

2. Bullish Range

When a stock is rising, the RSI will not fall below 40. Instead, it looks for help around the level of 40. For example, see the Lupin chart below, where the RSI refused to move below 40 and fluctuated between 40 and 80.

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Solid ECN Securities

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The ETHUSD pair continues to trade within a wide long-term downward channel. However, over the past two weeks, the cryptocurrency has shown significant growth, adding about 66%, and consolidated at 1660. However, the quotes failed to stay in this area and resumed the decline.

For the development of downward dynamics, the digital asset needs to fall below the support zone of 1375 − 1345 (the middle line of Bollinger bands). In this case, the downside targets will be 1250 and 1125, and 1000. The key “bullish” level is 1625, the breakout of which will allow quotes to continue moving to the area of 1750, 1885 Fibonacci correction 38.2%).

Technical indicators do not give a single signal: Bollinger bands are directed upwards, Stochastic reversed downwards, while the MACD histogram is stable in the positive zone. Given the long-term trend, a continuation of the price decline soon seems to be a more likely scenario.

Resistance levels: 1500, 1625, 1750, 1885 | Support levels: 1345, 1250, 1125, 1000

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