Candle Stick Patterns Explained with Examples - Candlestick Chart Patterns List
Forex Candlesticks - these candlesticks use the same price data as bar charts (open, high, low, and close). However, these candlesticks resembles a candle with wicks on both ends as opposed to bar charts that resembles bars.
How to Interpret Candles Patterns - Forex Candlestick Patterns Cheat Sheet
The rectangle part of a forex candlestick is called the body.
The high and low of candlestick are described as shadows and plotted as poking lines.
How to Interpret Candles Patterns -Candlestick Patterns Explained with Examples PDF
The color of the candlestick is either blue or red
- (Blue or Green Color) - Prices moved up
- (Red Color) - Prices moved down
Most forex trading platforms like the MT4 forex platform, use colors to mark the direction. Colors used are blue or green - green color candlesticks: when price moves up, red color candlesticks: when price moves down.
Candle Charts vs Bar Charts - Candlestick Patterns Explained with Examples
Candle Patterns Explained with Examples - Candlestick Chart Patterns Cheat Sheet PDF
Doji Candlestick Patterns Described with Examples Guide
This is a forex candlestick pattern with same opening and closing price. There are various types of doji candles pattern that form on Forex charts.
The following examples explain various patterns of the doji candle-stick:
Long-legged doji candle stick pattern has long upper & lower shadows with opening & closing price at the middle. When Long-legged doji pops up on a Forex chart it indicates indecision between currency traders, the buyers & the sellers.
Shown Below is example screen-shot image of the Long Legged Doji Forex candles pattern
Doji Chart Pattern - Doji Candlestick Patterns Described with Examples Guide
Doji Chart Pattern - Doji Candlestick Patterns Described with Examples Guide
Marubozu Candlestick Patterns Described with Examples Guide
Marubozu forex candlestick pattern are long candlesticks that have no upper or lower shadows, Like the forex trading examples shown below.
Marubozu Candlesticks - Marubozu Candlestick Patterns Described with Examples Guide
Marubozu forex candlestick pattern are continuing forex candle-stick patterns which show price is going to continue in same direction as that of the marubozu candle stick. The marubozu candlesticks pattern can be white/blue or Black/red depending on direction of the trend.
Spinning Tops Candlesticks Candlestick Patterns Described with Examples Guide
Spinning tops forex candlestick pattern have a small body with long upper and lower shadows. These spinning top candles patterns are referred to by this name because these candlesticks arrangements are similar to spinning top on a match-stick.
The upper and lower shadows of the spinning tops forex candles pattern are longer than the body. The example below shows the spinning top candle pattern. You can look for pattern on your MT4 Platform forex charts. The example below shows a screenshot to help traders when it comes to learning and understanding these forex candlestick pattern.
How to Read Forex Candlestick Charts - Spinning Tops Candlestick Patterns Described with Examples Guide
The color of the spinning tops candlestick forex candle-sticks pattern is not very important, this formation explain the indecision between the buyers & sellers in the FX trading market. When these forex chart patterns appear at the top of a forex trend or at the bottom of the forex trend it might signify that the forex trend is coming to an end and it may soon reverse and start going the other direction. However, it is better to wait for confirmation signals that the direction of a currency has reversed before trading the signal from this forex candlestick pattern formation.
Hammer Candle Pattern and Hanging Man Candle Patterns Explained with Examples
Hammer Candle Pattern & Hanging Man Candle Pattern candles look alike but hammer is bullish reversal forex candle pattern and hanging man is a bearish reversal forex candlestick pattern.
Hammer Candle Pattern and Hanging Man Candle Pattern Candles - Candlestick Patterns Described with Examples Guide
Hammer Candlestick Patterns Described with Examples Guide
Hammer forex candlestick pattern is a potentially bullish forex candle pattern which forms during a forex downtrend. It is named so because the market is hammering out a market bottoms.
Hanging Man Candlestick Patterns Described with Examples Guide
This hanging man candlestick pattern is a potentially bearish forex reversal signal which occurs during a forex uptrend. It is named so because it resembles a man hanging on a noose up high.
Hanging Man Candle Pattern - Candlestick Patterns Examples Explained
Inverted Hammer Candlestick Patterns Described with Examples Guide
This is a bullish reversal candlestick pattern. It forms at the bottoms of a Forex trend.
Inverted hammer candle pattern occurs at the bottom of a downtrend and indicates the possibility of reversal of the downward Forex trend.
Inverted Hammer Candle Pattern - Candlestick Patterns Described with Examples Guide
Shooting Star Candlestick Patterns Described with Examples Guide
Shooting Star is a bearish reversal candle pattern. It occurs at the tops of a forex market trend.
Shooting Star forex candle pattern occur at the top of an uptrend in the forex market where the open price is the same as the low & price then rallied up but was pushed back down to close near the open.
Shooting Star Candlestick - Candlestick Patterns Described with Examples Guide
Piercing Line Candlestick Patterns Described with Examples Guide
Piercing line candlestick pattern is a long black body followed by a long white body candlestick.
The white body pierces the mid point of the prior black body.
This Piercing Line forex candle pattern 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 forex candle pattern shows that the momentum of the downtrend is reducing and the market trend is likely to reverse & move in an upwards direction.
This Piercing Line forex candle pattern is shown known as a piercing line signifying the market is piercing the bottom showing a market floor for the currency price downward forex trend.
Piercing Line Candlestick Pattern - Candlestick Patterns Described with Examples Guide
Dark Cloud Cover Candlestick Patterns Described with Examples Guide
Opposite of piercing candlestick forex candlestick.
This candlestick is a long white body followed by a long black body.
The black body pierces the midpoint of the prior white body.
This is a bearish reversal pattern which forms at the tops of an uptrend.
Dark Cloud cover forex candlestick pattern that the market opens higher & closes below the midpoint of the white body.
Dark Cloud cover forex candle pattern shows that the momentum of the uptrend is reducing and the market trend is likely to reverse and move in a downwards forex trading direction.
Dark Cloud cover forex candlestick pattern is shown known as a cloud cover signifying the cloud as a ceiling for currency price upward forex trend.
Dark Cloud Cover Candlestick Pattern - Candlestick Patterns Examples Explained
Morning Star Candlestick Patterns Described with Examples Guide
Morning Star Candlestick Pattern - Candlestick Patterns Described with Examples Guide
Evening Star Candlestick Patterns Described with Examples Guide
Opposite of morning star candles pattern
Evening Star Candlestick Pattern - Candlestick Patterns Explained with Examples PDF - Candlestick Guide
Engulfing Candles Patterns - Candlestick Patterns Described with Examples Guide
Engulfing is a reversal candle stick pattern which can be bearish or bullish depending upon whether it appears at the end of a forex market downtrend or at the end of a forex market uptrend.
Bullish & Bearish Engulfing Candles Patterns - Candlestick Patterns Described with Examples Guide
Forex Candlestick Patterns PDF - Forex Candlestick Patterns Cheat Sheet PDF
