Candlesticks Explained
Analyzing Technical Candlesticks Patterns Signals - This candles tutorial will show you how to analyze and interpret the various candles patterns used in trading the market.
Learn Basic of Analyzing Technical Candlesticks Patterns
Doji Candles Explained
Doji is a candlesticks pattern formation with same opening & closing price. There are various types of doji candlesticks pattern formation that form on charts.
following illustrations explain different set-ups of the doji candle:
Long-legged doji candlesticks pattern has long upper and lower shadows with the opening and closing price at the mid. When Long-legged doji pops and shows up on chart it shows indecision between the gold traders, the buyers(bulls) & sellers.
Below is example screen shot screenshot of the Long Legged Doji candlesticks pattern formation
Doji Candle Pattern - Doji Candles Discussed
Doji Candle Pattern - Doji Candles Discussed
Marubozu Candles Explained
Marubozu candlesticks pattern are long candles that have no upper or lower shadows, Like depicted and illustrated below.
Marubozu Candles - Marubozu Candles Discussed
Marubozu candlesticks pattern formation are continuing candlestick setups that show price is going to continue in the same market direction as that indicated by the marubozu candlestick pattern. The marubozu candlesticks pattern can be white/blue or black/red depending on the direction of the trend.
Spinning Top Candlesticks Candlestick Illustrated
Spinning tops candlesticks pattern have small body with long upper and lower shadows. The spinning top candlestick patterns are known by this term/name because these candles formations and setups are similar to spinning top on a match-stick.
The upper & lower shadows of the spinning top candlesticks pattern are longer than the body. The examples illustrated and shown & explained below shows the spinning top candlesticks pattern formation. You can look for the pattern formation in your MetaTrader 4 Software Platform charts. The examples illustrated and shown and explained below shows a screen-shot to help the Gold traders when it comes to studying & understanding these candles pattern formation.
How Can I Analyze Candle Charts - Spinning Tops Candlesticks Discussed
Color of the spinning tops candle-stick candlesticks pattern formation isn't very important, this pattern explain the indecision between buyers & sellers(bears) in the market. When these set-ups appear at the top of a market trend or at the bottom of the trend it may signal that the trend is coming to an end and it may soon reverse and begin and start going the other direction. However, it's better to wait for additional confirmation signals that direction of a market has turned and reversed before taking the trading signal from the candles pattern formation.
Hammer Candlestick Pattern and Hanging Man Candles Explained
Hammer Candle Pattern and Hanging Man Candle Pattern candles look alike and similar but hammer is bullish price reversal candlesticks pattern formation and hanging man is a bearish price reversaltrading candles pattern formation.
Hammer Candle Pattern and Hanging Man Candle Pattern - Candlesticks Discussed
Hammer Candle-sticks Illustrated
Hammer candles pattern is a potentially bullish candlestick pattern formation which forms during a downward trend. It's named and called so because the market is hammering a bottom.
Hanging Man Candle-sticks Described
This hanging man candles pattern is a potentially bearish price reversal signal which forms during a upward trend. It's named and called so because it looks like a man dangling on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer Candle-sticks Illustrated
This is a bullish price reversal candlesticks pattern formation. It forms at the bottom of a trend.
Inverted hammer candles setup forms at the bottom of a down-trend and indicates possibility of reversal of the downward trend.
Inverted Hammer Candle Pattern - Candlesticks Discussed
Shooting Star Candle-sticks Described
Shooting Star Candle is a bearish price reversal candlesticks pattern formation. It forms at the top of a trend.
Shooting Star candles pattern formation form at the top of an up-trend in the market where the opening price is same as the low and price then rallied up but was forced and pushed back downwards to close near the open.
Shooting Star Candle-stick - Candlesticks Discussed
Piercing Line Candle-sticks Described
Piercing line candlestick pattern formation is a long black body followed by long white body candlestick.
The white body pierces the mid-point of previous black body.
This Piercing Line candles pattern formation is a bullish price reversal candles pattern formation which forms at the bottom of a market downward trend. It shows that the market opens lower & closes above the mid-point of the black body.
This Piercing Line candles pattern displays that the force of the down trend is reducing/decreasing & the price trend is likely to reverse and move in an upwards direction.
This Piercing Line candles pattern formation is shown referred to as a piercing line signaling that the market is piercing the bottom illustrating a market floor for the price downward trend.
Piercing Line Candle-stick Pattern - Candlesticks Discussed
Dark Cloud Cover Candles Explained
Opposite of piercing candle gold candle.
This candle stick is a long white body followed by a long black body.
Black body pierces the mid-point of the prior white body.
This is a bearish price reversal trade pattern which forms at the top of an upwards trend.
Dark Cloud candlesticks pattern displays that the market opens higher & closes below the mid-point of the white body.
Dark Cloud candlesticks pattern displays that the power of the up trend is reducing/decreasing & the price trend is likely to reverse and move in a downwards gold direction.
Dark Cloud candlesticks pattern formation is shown known as a cloud cover signaling the cloud as a ceiling for the price upward trend.
Dark Cloud Cover Candle Pattern
Morning Star Candles Explained
Morning Star Candle Pattern - Candlesticks Discussed
Evening Star Candles Explained
Opposite of morning star candle pattern
Evening Star Candlestick Pattern - Candlesticks Discussed
Engulfing Candles Patterns
Engulfing is a reversal candlesticks pattern that can be bearish or bullish depending upon whether it displays up at the end of a market downwards trend or at the end of a market upwards trend.
Bullish & Bearish Engulfing Candlesticks Pattern Setups - Candlesticks Discussed
How to Analyze/Interpret Candle Pattern? - Candles Pattern Setups Discussed
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