Important Footprint-Nehochukha Patterns

IMPORTANT FOOTPRINT-NEHOCHUKHA
PATTERNS
There is one very important pattern-nekhochukha. In fact, this pattern is a ready
-made profitable trading strategy.
The definition of nehochukha, in other words "changed my mind", is as follows:
Bear nehochukha. The first bearish bar after the previous bullish trend, if
the following conditions are met::

POC is at or above the opening price,

the body size is no more than 4 points*1+.
Bovine nekhochukha. The first bullish bar after the previous bearish trend, if the
following conditions are met::

POC is at or below the opening price,

the body size should not exceed 4 points.
Nekhochukha shows a strong local level of resistance/support beyond which
the market cannot pass. This is a very good place to open a position. Bids can be placed
directly on the POC price or nearby. A breakdown of nekhochukha is possible only with a very strong trend.
In order to pass it, you need an extremely strong movement. In this case, if nekhochukha
was a resistance level in an uptrend, it becomes a support level,
and vice versa, if it was a support level in a bearish trend, then now
a resistance zone will appear here. These locations can also be used to open a position!
Pay attention to the first version of nehochukha-nehochukha with a hole. If you look at this
pattern under a magnifying glass, i.e. at smaller time intervals, you can
see that this option contains a brake and push bar. At the point of growth, the market
stops moving, and then pushes the price down or up from this point, depending
on the previous direction of movement.

It should be understood that nekhochukha is the exit of large players from the market. Therefore
, a strong level of resistance or support is forming at this point.
There are two subspecies of this pattern.
1.
U-turn nekhochukha. This is a pattern when
there was a movement (trend) in one direction or another before the reversal bar was formed. All that was said
above, mainly
refers to the reversal nekhochukha.
2.
Band nekhochukha. This is a pattern where there was no pronounced trend before the reversal bar
was formed. In this case, the nekhochukha ROS serves as one of
the upper or lower limits of the range. Below is a diagram of the range nehochukhi.
In this case, when you exit the range from the nekhochukha side, the previous selling point
turns into a buying point.
Let's look at some real-world examples of this pattern. The following figure
shows a 5-minute chart with a bullish non-choke RU1. The emergence of this resistance zone
was preceded by a downward movement of 15 points. Then a bullish bar appears with a 2
-point body and maximum volume (POC) in the lower tail. There is a gap
of 1 point between the ROSi and the bar opening price. As you can see, after the nekhochukha formation, a
corrective movement occurs in
the opposite direction.
The following is an example of a range-based nekhochukha. Before this pattern appears, the market
is in a range for more than half an hour. At the 13:25 bar, a bearish RD2 nekhochukha is forming.
A bearish bar with a non-choke is preceded by a bullish bar, ROSN is in the upper tail, but
there is no gap (hole) between the opening price and POS. In the future, we observe an exit from
the range through the lower boundary.
Below, you can see an example of another bullish RU2 bad news. We see a preliminary
downward movement of the market. Then a bullish bar is formed. RUS is located in the lower tail. There is no
gap
between the opening price and the ROS. In the future, a good upward movement is formed.
I hope you were interested to learn about such a footprint pattern as nekhochukha. In fact, this
pattern offers ready-made strategies for trading.

This condition applies to time charts with a maximum time frame of 15 minutes. At
higher time frames, the size is selected visually, based on the fact that the body
of the bar should be relatively small. Using a 4-point limit for
range bars does not make sense, since the user sets the required
bar size himself. It should be noted that this pattern
is much less common on range-bar charts, which is due to the very principle of constructing this type
of chart.

Important Footprint-Nehochukha Patterns

Uploaded by

Copyright:

Available Formats

Important Footprint-Nehochukha Patterns

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Important Footprint-Nehochukha Patterns

Uploaded by

Copyright:

Available Formats

IMPORTANT FOOTPRINT-NEHOCHUKHA

You might also like