How Many Candles Patterns are There? MT4 Software Guide Chart Analysis Guide
Top 10 Candles Patterns in Gold and their Analysis:
How Do You Read Japanese Candles Patterns? - How to Read Japanese Candle-sticks Patterns - Trading Study Candles?
Below is a new traders guide on how to read and analyze candlesticks patterns:
Doji MetaTrader 4 Candle Pattern Recognition Guide
This is a candlesticks pattern with same opening & closing price. There are various types of doji candlesticks pattern that form on charts.
following examples explain various patterns 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 the Long-legged doji appears on a chart it signals indecisiveness between traders, the buyers and the sellers.
Below is example image of the Long Legged Doji xauusd trading candlesticks pattern
Doji Pattern - Doji Meta Trader 4 Charts Guide
Doji Pattern - Doji Meta Trader 4 Candle Pattern Recognition Lesson
Marubozu MT4 Software Guide Chart Analysis Guide
Marubozu candlesticks pattern are long candlesticks that have no upper or lower shadows, Like depicted below.
Marubozu Candlesticks - Marubozu MT4 Software Guide Chart Analysis Lesson
Marubozu candlesticks pattern are continuing candlestick patterns that show price is going to continue in same direction as that of the marubozu candle. The marubozu candlesticks pattern can be white/blue or black/red depending on direction of the trend.
Spinning Tops Candles MT4 Software Guide Chart Analysis Guide
Spinning top candlesticks pattern have a small body with long upper and lower shadows. The spinning tops candlesticks patterns are referred to by this name because these candlesticks arrangements are similar to spinning tops on a matchstick.
The upper and lower shadows of the spinning tops candlesticks pattern are longer than the body. The examples illustrated & explained below shows the spinning tops candle-sticks pattern. You can look for the pattern setup in your Meta Trader 4 Platform charts. The examples illustrated & explained below shows a screenshot to help traders when it comes to learning & understanding these trading candlesticks pattern.
How to Read Candle Charts - Spinning Tops MT4 Software Guide Chart Analysis Lesson
Color of the spinning tops candlestick candlesticks pattern isn't very important, this pattern show the indecision between the buyers & the sellers in the trading market. When these chart patterns appear at the top of a market trend or at the bottom of the market trend it might trading signal that the market trend is coming to an end & it might soon reverse & begin heading in the other direction. However, it is better to wait for confirmation signals that the direction of a market trend has reversed before trading the signal from this candlesticks pattern formation.
Hammer Candle Pattern and Hanging Man Candle MT4 Candle Pattern Recognition Tutorial
Hammer Candle Pattern & Hanging Man Candle-stick Pattern candle-sticks look alike but hammer is bullish reversal candlesticks pattern & hanging man is a bearish reversalxauusd candlesticks pattern.
Hammer Candle Pattern and Hanging Man Candle Pattern - MT4 Software Guide Chart Analysis Lesson
Hammer Candle MT4 Software Guide Chart Analysis Guide
Hammer candlesticks pattern is a potentially bullish candlestick pattern which forms during a downwards trend. It's named so because the market is hammering out a market bottom.
Hanging Man Candle Meta Trader 4 Software Guide Chart Analysis Guide
This hanging man candlesticks pattern is a potentially bearish trading reversal which occurs during a upwards trend. It's named so because it looks like a man hanging on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer Candle MT4 Software Guide Chart Analysis Guide
This is a bullish reversal candlesticks pattern. It occurs at the bottom of a market trend.
Inverted hammer candlesticks pattern forms at the bottom of a down trend and signals the possibility of reversal of the downwards trend.
Inverted Hammer Candlestick Pattern - MT4 Charts Course
Shooting Star Candle MT4 Software Guide Chart Analysis Guide
Shooting Star is a bearish reversal candlesticks pattern. It occurs at the top of a market trend.
Shooting Star candlesticks pattern form at the top of an up trend in the market where the open price is same as the low and price then rallied up but was pushed back downwards to close near the open.
Shooting Star Candle-stick - MT4 Software Guide Chart Analysis Lesson
Piercing Line Candle MT4 Software Guide Chart Analysis Guide
Piercing line candle pattern is a long black body followed by a long white body candle.
The white body pierces the mid point of the previous black body.
This Piercing Line candlesticks pattern is a bullish reversal candle-sticks pattern that forms at the bottom of a market down-wards trend. It shows that the market opens lower & closes above the midpoint of the black body.
This Piercing Line candlesticks pattern highlights that the momentum of the down trend is reducing and the market trend is likely to reverse and move in an upwards direction.
This Piercing Line candle-sticks pattern is pictured referred to as a piercing line signifying the market is piercing the bottom illustrating a market floor for the price downwards trend.
Piercing Line Candle Pattern - MetaTrader 4 Software Guide Chart Analysis Lesson
Dark Cloud Cover Candle MT4 Software Guide Chart Analysis Guide
Opposite of the piercing candlestick candle.
This candlestick is a long white body followed by a long black body.
Black body pierces the midpoint of the prior white body.
This is a bearish reversal pattern which forms at the top of an upward trend.
Dark Cloud candlesticks pattern highlights that the market opens higher and closes below the midpoint of the white body.
Dark Cloud candlesticks pattern highlights that the momentum of the up trend is reducing and the market trend is likely to reverse and move in a downwards trading direction.
Dark Cloud candlesticks pattern is pictured referred to as a cloud cover signifying the cloud as a ceiling for the price upwards trend.
Dark Cloud Cover Candle Pattern
Morning Star Candle-stick MetaTrader 4 Candle Pattern Recognition Tutorial
Morning Star Candle Pattern - MT4 Software Guide Chart Analysis Lesson
Evening Star Candle MT4 Software Guide Chart Analysis Guide
Opposite of the morning star candlesticks pattern
Evening Star Candle Pattern - MT4 Software Guide Chart Analysis Lesson
Engulfing Candles Patterns
Engulfing is a reversal candles pattern that can be bearish or bullish depending upon whether it shows up at the end of a market downward trend or at the end of a market up-wards trend.
Bullish and Bearish Engulfing Candle-sticks Patterns - MT4 Software Guide Chart Analysis Lesson
Candle Pattern Setups Guide - Candle Patterns Tutorial
