I understand the Liquidity Grab and the Failed Breakdown, but
how does the huge doji candle represent an imbalance?
Yesterday's close below support looks very bearish to me.
Can you explain what made you look for a reversal?
I was not watching this stock, or even the market this morning,
but in general, I would have bought a gap above a bearish candle
like that had I seen it.
Very simple, such doji candles are where not much trading took
place and are often re-tested as a result.
As I stated reversals tend to occur around news events such as
earnings being reported.
I personally was not tracking that closely but its imperative to
be aware of such news events and then react to a possible trigger
like a gap up as you mentioned. I saw it just after it had moved
above the equal high to be honest. I was focused on ES
Steve, I understand the Liquidity Grab
RIVN Updated
Posted by bpt_ken on 5th of Nov 2025 at 11:36 pm
Steve,
I understand the Liquidity Grab and the Failed Breakdown, but how does the huge doji candle represent an imbalance?
Yesterday's close below support looks very bearish to me. Can you explain what made you look for a reversal?
I was not watching this stock, or even the market this morning, but in general, I would have bought a gap above a bearish candle like that had I seen it.
Thanks!
Very simple, such doji candles
Posted by steve on 6th of Nov 2025 at 06:29 am
Very simple, such doji candles are where not much trading took place and are often re-tested as a result.
As I stated reversals tend to occur around news events such as earnings being reported.
I personally was not tracking that closely but its imperative to be aware of such news events and then react to a possible trigger like a gap up as you mentioned. I saw it just after it had moved above the equal high to be honest. I was focused on ES
@steve - what's your experience
Posted by Orangeman on 6th of Nov 2025 at 09:39 am
@steve - what's your experience with the inverse (FBU).
Example QCOM has a long wick candle from 27 Oct. Looks to me like that's a good upside target over time.
Interested in your thoughts on whether one direction is more reliable than the other.