So how to trade in diesel candles, although indusind candles in itself, they do not convey any direction,
but yes, they can be excellent price signals.
How let's see, because there will be many such candles on the chart.
We do not have to trade all of them.
In order to trade the IndusInd candles, we have to look for succeeding candles.
What is the next candle to the candle?
If it is supporting trend reversal, then in this case, we have to use filters and enter into trade.
What do I mean by this?
Let's understand.
Using an example, say, for example, market is falling.
For example, this is what is happening.
And here we get a dodgy.
Now, this is an indecent candle.
We are not treating this scandal immediately, what we have to see is next scandal.
If next scandal is, say, for example, a bullish one, if you get something like this, long bullish
scandals like this.
This is a bully scandal.
OK, let's print it with green.
This is the bully scandal.
And.
What is it indicating?
It is indicating that trend reversal, the existing trend is bearish.
One dodgiest, Dudi, indicates that sellers are exhausted.
OK, how this dodgy will get from it will get form if market rates like this, that this is how you
get your dog and the next scandal is bullish, one which is supporting the trend reversal.
We are trying to reverse the trend and we are expecting that market will trade in this direction.
If this is happening, then you can enter into this trade.
You can buy, but will you buy directly?
No, we have to use filters.
We have to use filters like risk reward.
We are to use filters like volume, support, resistance, trend line, etc. then only we have to enter
into this trade.
So I hope you have understood the meaning of last sentence.
This is very important if it is supporting trend reversal.
OK, so when it is falling, dodgiest come next candle is green one, then it is supporting trend reversal.
Then we have to use filters which I have told you previously and trying to trade.
If you ask me, I prefer to stay away from IndusInd Candles because you will get many of the bullish
or bearish candlestick patterns which have much more higher probability of success as compared to IndusInd
Candles.
So I prefer bullish or bearish candlestick patterns as compared to IndusInd Candles.
But yes, if somebody wants to take and take trades on the basis of indecent candles, this is how you
can make them.