To The Moon

*DBS / OCBC* Heiken Ashi Reversal $OVERSEA-CHINESE BANKING CORP(O39.SI)$ for info / reference ： both DBS and OCBC staged a Heiken Ashi candlestick reversal after WallStreet’s 5 consecutive days of reversal entry might be ideal for those who managed to exited at higher prices previously and looking for an entry What Is the Heikin-Ashi Technique? The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise. Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to create each candle. Instead of using the open, high, low, and close like standard candlestick charts, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data. KEY TAKEAWAYS Heikin-Ashi is a candlestick pattern technique that aims to reduce some of the market noise, creating a chart that highlights trend direction better than typical candlestick charts. The downside to Heikin-Ashi is that some price data is lost with averaging, which could affect risk. Long down candles with little upper shadow represent strong selling pressure, while long up candles with small or no lower shadows signal strong buying pressure. What Does Heikin-Ashi Tell You? The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow white (or green) candles with no lower shadows are used to signal a strong uptrend, while filled black (or red) candles with no upper shadow are used to identify a strong downtrend. Reversal candlesticks using the Heikin-Ashi technique are similar to traditional candlestick reversal patterns; they have small bodies and long upper and lower shadows. There are no gaps on a Heikin-Ashi chart as the current candle is calculated using information from the previous candle. Because the Heikin-Ashi technique smooths price information over two periods, it makes trends, price patterns, and reversal points easier to spot. Candles on a traditional candlestick chart frequently change from up to down, which can make them difficult to interpret. Heikin-Ashi charts typically have more consecutive colored candles, helping traders to identify past price movements easily. The Heikin-Ashi technique reduces false trading signals in sideways and choppy markets to help traders avoid placing trades during these times. For example, instead of getting two false reversal candles before a trend commences, a trader who uses the Heikin-Ashi technique is likely only to receive the valid signal. At current $12.50 with 0.60 to 0.80 yearLy dividend is like around 5% to 7.5% 🐯🐯🐯🐯 Dear tiger readers Please help to share post also clicking the repost button and follow me as I published my post on my ideas and trading experiences and sometimes including my current dividend positions and winning sell call and put trades . 🐯🦁🦁🦁🦁🦁 Do follow me share my posts regularly So more people can learn about my trading methods and winning trades on selling covered calls and puts options I share my options trade below usually I sell at a higher price then buy back at a lower price for a profit [Miser] [Miser] [Miser] [Miser] I also try to reward the first 50 commenters at least 2 coins who also help me repost and like the article @TigerStars @Daily_Discussion @TigerStars @TigerEvents do feature me for some insights on reversal technical Analysis Do your odd as always $Straits Times Index(STI.SI)$