Gold Candlestick Patterns for Day Trading Tutorial

Candlestick Chart Patterns

The List of Candlestick Day Strategy - Types of Candle Setups Example

The List of candlesticks patterns used to trade Gold - The top ten most oftenly used candlesticks patterns used to trade the online market.

Doji Candlestick Patterns for Day Trading Tutorial

Doji is a candlestick pattern with the same opening & closing price. There are various types of doji candles setup which form on charts.

following example show various patterns of the doji candle:

Long-legged doji Candlestick Chart Pattern has long upper and lower shadows with the opening and closing price at the middle. When Long legged doji appears on a chart it demonstrates indecision between traders, buyers & sellers.

Below is an example of Long Legged Doji candle-sticks setup

Doji Pattern - Doji Candlestick Patterns for Day Trading Course - Candle Charts Free XAUUSD Method

Doji Pattern - Doji Candlestick Patterns for Day Trading Guide

Marubozu Candlestick Patterns for Day Trading Tutorial

Marubozu Candlestick Chart Pattern are long candlesticks which have no upper or lower shadows, Like shown below.

Marubozu Candles - Marubozu Candlestick Patterns for Day Trading Course - Candle Charts Free XAUUSD Method

Marubozu Candlestick Chart Pattern are continuing candle patterns that show price is going to continue in same direction as that of marubozu candle. The marubozu candles pattern can be white/blue or black/red depending on the direction of the trend.

Spinning Tops Candles Candlestick Patterns for Day Trading Tutorial

Spinning tops Candlestick Chart Pattern have a small body with long upper and lower shadows. These spinning tops candlesticks chart patterns are referred to by this name because these candles formations are similar to spinning tops on a match-stick.

The upper & lower shadows of the spinning tops candlesticks setup are longer than the body. Example illustrated & shown below shows the spinning tops Candle Chart Pattern. You can look for pattern in your MetaTrader 4 Platform charts. The example illustrated & shown below shows a screenshot to help traders when it comes to learning and understanding these Candle Chart Pattern.

How to Read Candle Charts - Spinning Tops Candlestick Patterns for Day Trading Course - Candle Charts Free XAUUSD Method

Color of the spinning tops candle candles setup is not very important, this formation show the indecision between the buyers & sellers in XAUUSD market. When these patterns appear at the top of a trend or at the bottom of the trend it may signify that the trend is coming to an end and it might soon reverse & begin going the other direction. However, it's best to wait for confirmation signals that the direction of a has reversed before trading the signal from the Candlestick Chart Pattern formation.

Hammer Candlestick Setup & Hanging Man Candlestick Pattern for Day Trading Tutorial

Hammer Candle Setup & Hanging Man Candlestick Pattern candlestick look alike but hammer is bullish reversal Candlestick Chart Pattern and hanging man is a bearish reversal Candle Chart Pattern.

Hammer Candlestick Pattern and Hanging Man Candlestick Pattern - Candlestick Patterns for Day Trading Guide

Hammer Candlestick Patterns for Day Trading Tutorial

Hammer Candlestick Chart Pattern is a potentially bullish candlestick pattern which occurs during a downwards trend. It is named so because the market is hammering out a market bottom.

Hanging Man Candlestick Patterns for Day Trading Tutorial

This hanging man Candlestick Chart Pattern is a potentially bearish reversal trading signal which forms during a upwards trend. It is named so because it resembles a man hanging on a noose up high.

Hanging Man Candlestick Pattern

Inverted Hammer Candlestick Patterns for Day Trading Tutorial

This is a bullish reversal Candle Chart Pattern. It occurs at the bottom of a trend.

Inverted hammer Candlestick Chart Pattern occurs at the bottom of a down trend & indicates possibility of reversal of the downwards trend.

Inverted Hammer Candle Pattern - Candlestick Patterns for Day Trading Course - Candle Charts Free XAUUSD Method

Shooting Star Candlestick Patterns for Day Trading Tutorial

Shooting Star is a bearish reversal Candle Chart Pattern. It occurs at the top of a trend.

Shooting Star Candlestick Chart Pattern occur at the top of an up trend in the market where the open price is same as the low & price then rallied up but was pushed back down to close near the open.

Shooting Star Candle - Candlestick Patterns for Day Trading Guide

Piercing Line Candlestick Patterns for Day Trading Tutorial

Piercing line candle-stick chart pattern is a long black body followed by a long white body candle-stick.

White body pierces the midpoint of the prior black body.

This Piercing Line Candlestick Chart Pattern is a bullish reversal Candlestick Chart Pattern that occurs at the bottom of a market downwards trend. It shows that the market opens lower and closes above the midpoint of the black body.

This Piercing Line Candlestick Chart Pattern shows that the momentum of the down trend is reducing & the market trend is likely to reverse & move in an upwards direction.

This Piercing Line Candlestick Chart Pattern is shown known as a piercing line signifying the market is piercing the bottoms showing a market floor for the price downwards trend.

Piercing Line Candle Pattern - Candlestick Patterns for Day Trading Guide

Dark Cloud Cover Candlestick Patterns for Day Trading Tutorial

Opposite of 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 reversal chart pattern that forms at the tops of an upward trend.

Dark Cloud Candlestick Chart Pattern that the market opens higher and closes below the midpoint of the white body.

Dark Cloud Candlestick Chart Pattern shows that the momentum of the up trend is reducing & the market trend is likely to reverse & move in a downwards trading direction.

Dark Cloud Candlestick Chart Pattern is shown known as a cloud cover signifying the cloud as a ceiling for the price up-ward trend.

Dark Cloud Cover Candlestick Pattern

Morning Star Candlestick Patterns for Day Trading Tutorial

Morning Star Candle Setup - Candlestick Patterns for Day Trading Guide

Evening Star Candlestick Patterns for Day Trading Tutorial

Opposite of morning star candles setup

Evening Star Candlestick Pattern - Candlestick Patterns for Day Trading Guide

Gold Candlestick Patterns for Day Trading Tutorial

Engulfing is a reversal Candlestick Chart Pattern that can be bearish or bullish depending upon whether it appears at the end of a market down trend or at the end of a market up-ward trend.

Bullish and Bearish Engulfing Candlesticks Setups - Candlestick Patterns for Day Trading Guide

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