Crude Oil Trading Candlestick Patterns Explained With Examples PDF

Crude Oil Trading Candlesticks - these candlesticks use the same crude oil price data as bar oil charts (open, high, low, and close). However, these candlesticks resembles a candle with wicks on both ends as opposed to bar oil charts that resembles bars.

How to Analyze Candles Patterns

The rectangle part of a oil candlestick is called the body.

The high & low of the candle are described as shadows and drawn as poking lines.

How to Interpret Candlesticks Patterns

The color of the candlestick is either blue or red

• (Blue or Green Color) - Oil Trading Prices moved up
• (Red Color) - Oil Trading Prices moved down

Most oil trading platforms like the MT4 oil trading platform, use colors to mark the direction. Colors used are blue or green - green color candlesticks: when crude oil price moves up, red color candlesticks: when crude oil price moves down.

Candlesticks Oil Trading Charts Vs. Bars Charts

Candlestick Crude Oil Trading Chart Patterns Course PDF

Doji Crude Oil Candlestick Patterns Explained With Example Guide

This is a oil candlestick pattern with the same opening & closing oil price. There are various types of doji crude oil candlesticks pattern which form on Oil Trading charts.

following example show various patterns of the doji crude oil candle:

Long-legged doji oil candlestick pattern has long upper & lower shadows with opening and closing crude oil price at the middle. When the Long legged doji pops up on a Oil chart it indicates indecision between crude oil traders, buyers & sellers.

Below is an example screenshot image of the Long Legged Doji oil candle sticks pattern

Doji Crude Oil Pattern - Doji Crude Oil Trading Candlestick Patterns Explained With Examples Guide

Doji Crude Oil Pattern - Doji Crude Oil Trading Candlestick Patterns Explained With Examples Guide

Marubozu Crude Oil Candlestick Patterns Explained With Example Guide

Marubozu oil candlestick pattern are long candlesticks which have no upper or lower shadows, Like ones shown below.

Marubozu Crude Oil Trading Candlestick Patterns Explained With Examples Guide

Marubozu oil candlestick pattern are continuing oil candlestick patterns that show crude oil price is going to continue in the same direction as that of marubozu crude oil candlestick. The marubozu crude oil candlesticks pattern can be white/blue or Black/red depending on the direction of the oil trend.

Spinning Tops Candles Crude Oil Candlestick Patterns Explained With Example Guide

Spinning tops oil candlestick pattern have a small body with long upper & lower shadows. These spinning tops crude oil candlesticks 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 spinning tops crude oil candles pattern are longer than the body. Example explained below shows the spinning top oil candlestick pattern. You can look for the pattern in your MT4 Oil Trading Platform oil charts. The example explained below shows a screenshot to help traders when it comes to learning and understanding these oil candlestick pattern.

Spinning Tops Crude Oil Trading Candlestick Patterns Explained With Examples Guide

Color of spinning top candlestick crude oil candles pattern is not very important, this formation show the indecision between the buyers & sellers in the Oil Trading market. When these crude oil patterns appear at the top of a oil trend or at the bottom of the oil trend it might signify that the oil trend is coming to an end & it might soon reverse & start going the other direction. However, it is best to wait for confirmation oil trading signals that the direction of a oil instrument has reversed before trading the signal from this oil candle pattern formation.

Hammer Oil Candle-Stick Pattern and Hanging Man Oil Trading Candlestick Crude Oil Trading Candlestick Patterns Explained

Hammer Oil Candle-Stick Pattern and Hanging Man Oil Trading Candle-Stick Pattern candlesticks look alike but hammer is bullish reversal oil candle-stick pattern and hanging man is a bearish reversal oil candlestick pattern.

Crude Oil Trading Candlestick Patterns Explained With Examples Guide

Hammer Candle Crude Oil Candlestick Patterns Explained With Example Guide

Hammer oil candle pattern is a potentially bullish oil candle pattern which occurs during a downward oil trend. It is named so because the crude oil market is hammering out a market bottoms.

Hanging Man Candle Crude Oil Candlestick Patterns Explained With Example Guide

This hanging man oil candlestick pattern is a potentially bearish oil trading reversal oil trading signal that forms during a upwards oil trend. It is named so because it resembles a man hanging on a noose up high.

Oil Trading Candlestick Patterns Explained With Examples Guide

Inverted Hammer Candle Crude Oil Candlestick Patterns Explained With Example Guide

This is a bullish reversal oil candlestick pattern. It forms at the bottoms of a Oil Trading trend.

Inverted hammer oil candle pattern forms at the bottoms of a down oil trend & indicates the possibility of reversal of the downward crude oil trend.

Oil Trading Candlestick Patterns Explained With Examples Guide

Shooting Star Candlestick Crude Oil Candlestick Patterns Explained With Example Guide

Shooting Star is a bearish reversal oil candlestick pattern. It forms at the top of a crude oil trend.

Shooting Star oil candlestick pattern occur at the top of an up oil trend in the Oil Trading market where the open crude oil price is same as the low & crude oil trading price then rallied up but was pushed back down to close near the open.

Shooting Star Candle - Crude Oil Trading Candlestick Patterns Explained With Examples Guide

Piercing Line Candle Crude Oil Candlestick Patterns Explained With Example Guide

Piercing line candlestick pattern 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 oil candlestick pattern is a bullish reversal oil candlestick pattern that occurs at the bottom of a market downwards oil trend. It shows that the crude oil market opens lower and closes above the midpoint of the black body.

This Piercing Line oil candlestick pattern shows that the momentum of the down oil trend is reducing & crude oil market trend is likely to reverse & move in an upward direction.

This Piercing Line oil candlestick pattern is displayed known as a piercing line signifying the crude oil market is piercing the bottom showing a market floor for the crude oil price downwards oil trend.

Oil Trading Candlestick Patterns Explained With Examples Guide

Dark Cloud Cover Candlestick Crude Oil Candlestick Patterns Explained With Example Guide

Opposite of piercing candle oil trading candle.

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 oil trading pattern which forms at the tops of an upward oil trend.

Dark Cloud cover oil candlestick pattern that the crude oil market opens higher and closes below the midpoint of the white body.

Dark Cloud cover oil candlestick pattern shows that the momentum of the up oil trend is reducing & crude oil market trend is likely to reverse and move in a downwards oil trading direction.

Dark Cloud cover oil candle-stick pattern is shown known as a cloud cover signifying the cloud as a ceiling for the crude oil price upward oil trend.

Dark Cloud Cover Crude Oil Candle-Stick Pattern - Crude Oil Trading Candlestick Patterns Explained With Examples Guide

Morning Star Candle Crude Oil Candlestick Patterns Explained With Example Guide

Oil Trading Candlestick Patterns Explained With Examples Guide

Evening Star Candlestick Crude Oil Candlestick Patterns Explained With Example Guide

Opposite of the morning star oil candle sticks pattern

Crude Oil Trading Candlestick Patterns Explained With Examples PDF - Candlestick Guide

Oil Candlestick Patterns Explained With Example Guide

Engulfing is a reversal oil candle pattern which can be bearish or bullish depending upon whether it shows up at the end of a oil market down oil trend or at the end of a oil market upwards oil trend.

Oil Trading Candlestick Patterns Explained With Examples Guide

Crude Oil Candle Patterns - Crude Oil Trading Candlestick Patterns Course PDF