Candle Patterns PDF - Candlestick Chart Analysis PDF - Candlestick Setups
Candlestick Patterns Forex - Candle-stick Setups Quick Reference Tutorial
The Japanese candlesticks patterns techniques also have very many candlesticks formations that are used to trade the market. These candles patterns have different technical analysis explanation and the most common are:
| Reversal Patterns candlesticks patterns - candlestick chart analysis Tutorial |
The above candles patterns is what makes the Japanese candlesticks popular among technical traders and it's why this type of analysis are the most widely used when it comes to interpreting the currency exchange market. The analysis for these setup formations in Forex trading is the same as that one used in stocks trading.
Advanced Candle-stick Setups PDF - Candlestick Chart Analysis PDF
Doji Advanced Candle-stick Setups PDF - Candlestick Chart Analysis PDF
This is a candlestick setup with the same opening and closing price. There are various types of doji candles pattern which form on charts.
following examples explain various patterns of the doji candlestick:
Long legged doji candle pattern has long upper and lower shadows with opening and closing price at the middle. When Long legged doji appears on a chart it shows indecision between currency traders, buyers & the sellers.
Shown Below is example screenshot image of the Long Legged Doji candlesticks setup
Doji Pattern - Doji Candle-stick Patterns Analysis Guide
Doji Pattern - Doji Candle-stick Patterns Analysis Guide
Marubozu Advanced Candle-stick Setups PDF - Candlestick Chart Analysis PDF
Marubozu candle pattern are long candles that have no upper or lower shadows, Like the examples shown below.
Marubozu Candles - Marubozu Advanced Candle-stick Setups PDF - Candlestick Chart Analysis Guide
Marubozu candle setup are continuing candle patterns that show price is going to continue in same direction as that of the marubozu candlestick. The marubozu candlesticks setup can be white/blue or Black/red depending on direction of the market trend.
Spinning Tops Candles Patterns PDF - Candlesticks Analysis PDF
Spinning tops candlestick setup have a small body with long upper and lower shadows. These spinning top candlesticks are referred to by this term because these candles formations are similar to spinning top on a match stick.
The upper and lower shadows of the spinning top candlesticks setup are longer than the body. The example below shows the spinning top candle pattern. You can look for pattern in your MetaTrader 4 Platform charts. The example below shows a screen-shot to help traders when it comes to learning & understanding these candlestick setup.
How Do I Read Candlestick Charts - Spinning Top Advanced Candle-stick Setups PDF - Candlestick Chart Analysis Guide
Colour of the spinning top candle candles setup is not important, this formation shows indecision between buyers & sellers in the market. When these setups appear at the top of a trend or at the bottom of trend it might signal that the market trend is coming to an end and it might soon reverse and begin moving in the opposite direction. However, it is better to wait for confirmation trade signals that direction of a currency has reversed before taking the signal from the candle pattern formation.
Hammer Candle-stick Setup and Hanging Man Candle Pattern Analysis PDF
Hammer Candle-stick Setup and Hanging Man Candle Setup candlesticks look alike but hammer is bullish reversal candle pattern and hanging man is a bearish reversal candle setup.
Hammer Candlestick Pattern & Hanging Man Candle Setup Candles - Advanced Candle-stick Setups PDF - Candlestick Chart Analysis Guide
Hammer Candle Advanced Candle-stick Setups PDF - Candlestick Chart Analysis PDF
Hammer candle setup is a potentially bullish candle pattern that forms during a downtrend. It's named so because the market is hammering a bottom.
Hanging Man Candlestick Patterns PDF - Candlesticks Analysis PDF
This hanging man candle setup is a potentially bearish reversal signal which forms during a uptrend. It's named so because it resembles a man hanging on a noose up high.
Hanging Man Candle Setup - Candle-stick Setups Analysis Guide
Inverted Hammer Candle-stick Patterns PDF - Candlesticks Analysis PDF
This is a bullish reversal candle setup. It occurs at the bottom of a trend.
Inverted hammer candle pattern occurs at the bottom of a downtrend & indicates possibility of a market reversal of the downward trend.
Inverted Hammer Candle-stick Setup - Candlestick Chart Analysis Guide
Shooting Star Candle Patterns Analysis PDF
Shooting Star is a bearish reversal candlestick setup. It forms at the top of a market trend.
Shooting Star candle pattern occur at the top of an uptrend in the market where the open price is same as the low & price then rallied up but was pushed back downward to close at near the open.
Shooting Star Candle-stick - Candlestick Chart Analysis Guide
Piercing Line Candlestick Patterns Analysis PDF
Piercing line candle setup is a long black body followed by a long white body candlestick.
White body pierces the midpoint of the prior black body.
This Piercing Line candle setup is a bullish reversal candle pattern that occurs at the bottom of a market downtrend. It shows that the market opens lower & closes above the midpoint of the black body.
This Piercing Line candle setup portrays that the momentum of the downtrend is reducing and the market trend is likely to reverse & move in an upward direction.
This Piercing Line candlestick pattern is displayed known as a piercing line signifying the market is piercing a bottom showing a market floor for the currency price downwards trend.
Piercing Line Candlestick Setup - Candlestick Chart Analysis Guide
Dark Cloud Cover Candlestick Advanced Candle-stick Setups Analysis PDF
Opposite of piercing candlestick candlestick.
This candlestick is a long white body followed by a long black body.
The black body pierces the mid-point of the prior white body.
This is a bearish reversal pattern which forms at the tops of an uptrend.
Dark Cloud candle setup that the market opens higher & closes below the midpoint of the white body.
Dark Cloud candle setup portrays that the momentum of the uptrend is reducing and the market trend is likely to reverse & move in a downward trading direction.
Dark Cloud candle setup is shown known as a cloud cover signifying the cloud as a ceiling for currency price upward trend.
Dark Cloud Cover Candle-stick Setup - Candle-stick Setups Analysis Guide
Morning Star Candlestick Patterns PDF - Candlesticks Analysis PDF
Morning Star Candle-stick Setup - Advanced Candlesticks Setups Tutorial Explained - Candlestick Chart Analysis Guide
Evening Star Candlestick Patterns PDF - Candlesticks Analysis PDF
Opposite of morning star candle-sticks setup
Evening Star Candle-stick Setup - Candlestick Guide
Engulfing Candlesticks Setups - Candle-stick Setups Analysis PDF
Engulfing is a reversal candle pattern which can be bearish or bullish depending upon whether it appears at the end of a market downtrend or at the end of a market uptrend.
Bullish & Bearish Engulfing Candles Setups - Advanced Candles Patterns Guide Explained - Candlestick Chart Analysis Guide
Candlestick Patterns Forex - Candle-stick Setups PDF - Candle-stick Setups Quick Reference
