Candle Patterns Guide PDF
XAUUSD Candles - these candlesticks use the same price data as bar charts (open, high, low, & close). However, these candlesticks resembles a candlestick with wicks on both ends as opposed to bar charts that resembles bars.
Candle Setup Patterns Guide
The rectangle part of a candle stick is known as the body.
The high and low of candlestick are described as shadows & drawn as poking lines.
XAUUSD Candle-stick Setup Patterns Explained with Example Course
The color of candle is either blue or red
- (Blue or Green Colour) - Prices went up
- (Red Colour) - Prices moved downward
Most platforms like the MetaTrader 4 platform, use colours to mark direction. Colors used are blue or green - green color candlesticks: when the price moves up, red color candlesticks: when the price moves down.
Gold Candle-stick Setup Patterns Explained with Example Course
Gold Candle-stick Setup Patterns Explained with Example Course
Doji Candle Patterns Described with Example PDF
This is a candlestick pattern with the same opening and closing price. There are various types of doji candlesticks setup which form on charts.
following example show various patterns of the doji candle:
Long-legged doji candlestick pattern has long upper and lower shadows with opening & closing price at the middle. When Long-legged doji appears on a chart it shows indecision between the traders, the buyers and the sellers.
Below is an example snapshot of Long Legged Doji gold candlestick pattern
Doji Pattern - Doji Candle Patterns Described with Example PDF
Doji Pattern - Doji Candlestick Patterns Described with Example PDF
Marubozu Candle Patterns Described with Example PDF
Marubozu candle stick pattern setup are long candlesticks that have no upper or lower shadows, Like illustrated & shown below.
Marubozu Candles - Marubozu Candle Patterns Described with Example PDF
Marubozu candle stick pattern setup are continuing candlestick setups which show price is going to continue in the same direction as that of marubozu candlesticks. The marubozu candlesticks setup can be white/blue or black/red depending on the direction of the market trend.
Spinning Tops Candles Candle Patterns Described with Example PDF
Spinning tops candle stick pattern setup have a small body with long upper and lower shadows. These spinning tops candlesticks patterns are referred to by this term because these candlesticks arrangements are similar to a spinning top on a match stick.
The upper & lower shadows of the spinning tops candlesticks setup are longer than the body. Example displayed & illustrated below shows the spinning tops candlestick pattern. You can look for the pattern setup in your Meta Trader 4 charts. Example illustrated and shown below shows a screen-shot to help traders when it comes to learning & understanding these candle stick pattern setup.
How Do I Analyze Candle-stick Charts - Spinning Tops Candle Patterns Described with Example PDF
Color of the spinning tops candlestick candlesticks setup isn't very important, this pattern show the indecision between the buyers and the sellers in the market. When these setups appear at the top of a market trend or at the bottom of the market trend it may signify that the market trend is coming to an end and it may soon reverse and start going in the other direction. However, it is best to wait for confirmation signals that the direction of a market trend has reversed before trading the signal from the candlestick pattern formation.
Hammer Candlestick Pattern & Hanging Man Candlestick Pattern Candle Patterns Described with Example PDF
Hammer Candlestick Pattern & Hanging Man Candle Pattern candlesticks look alike but hammer is bullish reversal candlestick pattern setup & hanging man is a bearish reversal candle stick pattern setup.
Hammer Candlestick Pattern & Hanging Man Candle Pattern - Candle Patterns Described with Example PDF
Hammer Candle Patterns Described with Example PDF
Hammer candlestick pattern setup is a potentially bullish candlestick pattern setup which occurs during a downwards trend. It's named so because the market is hammering out a bottom.
Hanging Man Candle Patterns Described with Example PDF
This hanging man candlestick pattern setup is a potentially bearish reversal signal which forms during a upwards trend. It's named so because it looks like a man hanging on a noose up high.
Hanging Man Candlestick Pattern
Inverted Hammer Candle Patterns Described with Example PDF
This is a bullish reversal candlestick pattern setup. It forms at the bottom of a market trend.
Inverted hammer candlestick pattern forms at the bottom of a down trend & indicates possibility of a market reversal of the downward trend.
Inverted Hammer Candle Pattern - Candle Patterns Described with Example PDF
Shooting Star Candle Patterns Described with Example PDF
Shooting Star is a bearish reversal candle stick pattern setup. It occurs at the top of a market trend.
Shooting Star candlestick pattern setup form at the top of an up trend in the market where the open price is the same as the low and price then rallied upward but was forced back downwards to close the open.
Shooting Star Candle-stick - Candle Patterns Described with Example PDF
Piercing Line Candle Patterns Described with Example PDF
Piercing line candle pattern setup is a long black body followed by a long white body candle.
White body pierces the midpoint of the prior black body.
This Piercing Line candlestick pattern setup is a bullish reversal candlestick pattern setup that occurs at the bottom of a market down ward trend. It shows that the market opens lower and closes above the midpoint of the black body.
This Piercing Line candlestick pattern setup portrays 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 candlestick pattern is displayed known as a piercing line signifying the market is piercing a bottom illustrating a market floor for price down ward trend.
Piercing Line Candle Pattern - Candle Patterns Described with Example PDF
Dark Cloud Cover Candle Patterns Described with Example PDF
Opposite of piercing candle candle.
This candlestick is a long white body followed by a long black body.
The black body pierces the mid point of previous white body.
This is a bearish reversal pattern setup that forms at the top of an upward trend.
Dark Cloud Cover candlestick stick pattern setup that the market opens higher and closes below the midpoint of the white body.
Dark Cloud Cover candlestick pattern setup portrays that the momentum of the up trend is reducing and the market trend is likely to reverse & move in a downwards trade direction.
Dark Cloud Cover candlestick stick pattern setup is displayed 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 Patterns Described with Example PDF
Morning Star Candle Pattern - Candle Patterns Described with Example PDF
Evening Star Candle Patterns Described with Example PDF
Opposite of morning star candlesticks setup
Evening Star Candle Pattern - Candle Patterns Explained with Examples PDF - Candlestick Guide
Engulfing Candles Setups
Engulfing is a reversal candlestick pattern setup which can be bearish or bullish depending upon whether it highlights up at the end of a market downwards trend or at the end of a market upwards trend.
Bullish & Bearish Engulfing Candle-sticks Setups - Candle Patterns Described with Example PDF
Candle Patterns PDF - Candle Patterns Tutorial PDF
