"The Anti" (Anti-Climax) - Its a Linda Raschke indicator for exhaustion
mod note:
Bullish Rules:
Bullish Pattern: Set of 3 candles where the distance between the lows of the candles red or green (body or wick) are accelerating/increasing is distance from each other. (Ex. Below)
Bearish rules are optionable, can usually just reverse the bullish rules.
Reverse the bullish rules
What defines a setup candle?
Bullish = 1st green candle with a higher low after the Anti-Climax push you buy 1tick above that 1st green candle (Ex. below) and place the stop 1tick below that green candle.
Why is the bullish candle called a bullish candle?
The candle must be green and have a higher low (body or wick) than the previous candle. The candle can have a higher high than the previous candle.
Within how many candles does the bullish candle have to appear after the 3 or more candles?
Good question, as long as there’s "acceleration" lower and the candles meet the criteria (Set of 3 candles where the distance on the lows of the candles are increasing red or green (body or wick) the pattern remains in play. There might be 3,4,5 + consecutive bars and then the trigger bar “Green higher low” appears. (Ex. See below of a powerful move that triggered multiple 3 candle Anti-Climax patterns)
Within how many bars does a buy candle have to happen?
After the trigger candle (1st green higher low candle) the trade entry should be triggered within 2 days. If it does not, the trade is invalidated.
post a link that talk about this strategy: This is a 4min video detailing the strategy:
mod note:
For the ThinkOrSwim code, you must scroll down to the next post
Bullish Rules:
Bullish Pattern: Set of 3 candles where the distance between the lows of the candles red or green (body or wick) are accelerating/increasing is distance from each other. (Ex. Below)
Bearish rules are optionable, can usually just reverse the bullish rules.
Reverse the bullish rules
What defines a setup candle?
Bullish = 1st green candle with a higher low after the Anti-Climax push you buy 1tick above that 1st green candle (Ex. below) and place the stop 1tick below that green candle.
Why is the bullish candle called a bullish candle?
The candle must be green and have a higher low (body or wick) than the previous candle. The candle can have a higher high than the previous candle.
Within how many candles does the bullish candle have to appear after the 3 or more candles?
Good question, as long as there’s "acceleration" lower and the candles meet the criteria (Set of 3 candles where the distance on the lows of the candles are increasing red or green (body or wick) the pattern remains in play. There might be 3,4,5 + consecutive bars and then the trigger bar “Green higher low” appears. (Ex. See below of a powerful move that triggered multiple 3 candle Anti-Climax patterns)
Within how many bars does a buy candle have to happen?
After the trigger candle (1st green higher low candle) the trade entry should be triggered within 2 days. If it does not, the trade is invalidated.
post a link that talk about this strategy: This is a 4min video detailing the strategy:
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