How Many Candles Patterns are There? MetaTrader 4 Platform Software Guide Chart Analysis Guide
Top 10 Candles Patterns in Gold and their Analysis:
How Do You Read Japanese Candles Patterns? - How to Interpret Japanese Candle-sticks Patterns - Trading Study Candles?
Below is a new traders guide on how to read and analyze candles patterns:
Doji MetaTrader 4 Candle Pattern Recognition Guide
This is a candlesticks set-up with same opening & closing price. There are various types of doji candlesticks setup which form on charts.
following illustrations explain different patterns of the doji candle:
Long-legged doji candlesticks pattern has long upper and lower shadows with the opening & closing price at the mid. When the Long-legged doji appears on a trading chart it signals indecision between the traders, the buyers(bulls) & the sellers(bears).
Below is example screen shot of the Long Legged Doji xauusd gold trading candles pattern
Doji Pattern - Doji MetaTrader 4 Charts Guide
Doji Pattern - Doji MetaTrader 4 Candle Pattern Recognition Lesson
Marubozu MT4 Platform Software Guide Chart Analysis Guide
Marubozu candlesticks pattern are long candles that have no upper or lower shadows, Like illustrated below.
Marubozu Candlesticks - Marubozu MT4 Platform Software Guide Chart Analysis Lesson
Marubozu candlesticks pattern are continuing candle patterns that show price is going to continue in the same direction as that of the marubozu candle. The marubozu candlesticks setup pattern can be white/blue or black/red depending on the direction of the trend.
Spinning Tops Candles MetaTrader 4 Platform Software Guide Chart Analysis Guide
Spinning top candlesticks setup pattern have small body with long upper and lower shadows. The spinning tops candlesticks patterns are referred to by this term because these candles patterns are similar to a spinning top on a match-stick.
The upper & lower shadows of the spinning tops candlesticks set-up are longer than the body. The examples illustrated & explained below illustrates the spinning tops candlesticks pattern. You can look for the pattern formation in your MetaTrader 4 Platform Software charts. The examples illustrated & explained below shows a screen-shot to help the Gold traders when it comes to learning and understanding these trading candles pattern.
How to Interpret Candle Charts - Spinning Tops MetaTrader 4 Platform Software Guide Chart Analysis Lesson
Colour of the spinning tops candlestick candlesticks pattern isn't very important, this pattern show the indecision between the buyers & the sellers(bears) in the trading market. When these chart patterns appear at the top of a trend or at the bottom of the price trend it might that the price trend is coming to an end & it might soon reverse & begin heading in the other direction. However, it is better to wait for additional confirmation signals that the direction of a market has turned and reversed before trading the trading signal from this candlesticks set-up formation.
Hammer Candle Pattern & Hanging Man Candle MT4 Candle Pattern Recognition Tutorial
Hammer Candle Pattern and Hanging Man Candle candle-sticks look alike and similar but hammer is bullish price reversal candlesticks pattern & hanging man is a bearish price reversalxauusd candlesticks pattern.
Hammer Candle Pattern & Hanging Man Candle Pattern - MT4 Platform Software Guide Chart Analysis Lesson
Hammer Candle MetaTrader 4 Platform Software Guide Chart Analysis Guide
Hammer candles set-up is a potentially bullish candle setup which forms during a downwards trend. It's named and called so because the market is hammering out a market bottom.
Hanging Man Candle MetaTrader 4 Software Guide Chart Analysis Guide
This hanging man candles pattern formation is a potentially bearish trading reversal which forms during a upwards trend. It is named & called so because it looks like a man dangling on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer Candle MetaTrader 4 Platform Software Guide Chart Analysis Guide
This is a bullish price reversal candlesticks pattern. It occurs at the bottom of a trend.
Inverted hammer candles pattern formation forms at the bottom of a down-trend and signals the possibility of reversal of the downwards trend.
Inverted Hammer Candle Pattern - MT4 Charts Course
Shooting Star Candle MetaTrader 4 Platform Software Guide Chart Analysis Guide
Shooting Star Candle is a bearish price reversal candlesticks pattern. It occurs at the top of a trend.
Shooting Star candles pattern 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 pushed and forced back downwards to close near the open.
Shooting Star Candle-stick - MT4 Platform Software Guide Chart Analysis Lesson
Piercing Line Candle MetaTrader 4 Platform Software Guide Chart Analysis Guide
Piercing line candlestick pattern is a long black body followed by long white body candle.
The white body pierces the mid-point of the previous black body.
This Piercing Line candles setup pattern is a bullish price reversal candles pattern formation which forms at the bottom of a market downwards trend. It shows that the market opens lower & closes above the mid-point of the black body.
This Piercing Line candles pattern formation displays that the force of the down trend is reducing/decreasing and the price 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 signaling that the market is piercing the bottom illustrating a market floor for the price downwards trend.
Piercing Line Candle Pattern - MT4 Platform Software Guide Chart Analysis Lesson
Dark Cloud Cover Candle MetaTrader 4 Platform Software Guide Chart Analysis Guide
Opposite of the piercing candle candle.
This candle 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 upward trend.
Dark Cloud candlesticks pattern formation 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 and the price trend is likely to reverse and move in a downwards trading direction.
Dark Cloud candlesticks pattern is pictured referred to as a cloud cover signaling 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 Platform Software Guide Chart Analysis Lesson
Evening Star Candle MetaTrader 4 Platform Software Guide Chart Analysis Guide
Opposite of the morning star candles pattern
Evening Star Candle Pattern - MT4 Platform Software Guide Chart Analysis Lesson
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 downward trend or at the end of a market up trend.
Bullish and Bearish Engulfing Candle-sticks Patterns - MT4 Platform Software Guide Chart Analysis Lesson
Candle Setups Guide - Candlestick Patterns Tutorial
Get More Tutorials & Topics:
- How to Add Commodity Channel Index CCI XAU/USD Indicator in Trading Chart
- What's XAU USD Margin Call XAU USD Definition?
- How Can I Read the Trade Market Guide Download?
- How Can I Sign in on MT5 XAU/USD Real XAUUSD Account?
- 1H Candlestick Breakout XAUUSD Strategy
- XAUUSD Platform MT5 XAU USD Platform/Software Setup
- No Nonsense Learn XAUUSD Website
- MetaTrader 5 Bar Charts in MT5 Charts Menu
- How Can I Trade MetaTrader 4 Downwards Gold Channel in MetaTrader 4 Platform Software?
- What's TP XAU/USD Order on MetaTrader 4 Software Platform?
