Mar 2, 2013 - This guide will take a look at four of the most widely used candlestick patterns alongside some actual stock chart examples to show their worth.
Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand, and the result was a standoff. If a spinning top forms during an uptrend, this usually means there aren’t many buyers left and a possible reversal in direction could occur. If a spinning top forms during a downtrend, this usually means there aren’t many sellers left and a possible reversal in direction could occur. Marubozu Sounds like some kind of voodoo magic, huh? “I will cast the evil spell of the Marubozu on you!” Fortunately, that’s not what it means.
Marubozu means there are no shadows from the bodies. Depending on whether the candlestick’s body is filled or hollow, the high and low are the same as its open or close.
Check out the two types of Marubozus in the picture below. A White Marubozu contains a long white body with no shadows. The open price equals the low price and the close price equals the high price. This is a very bullish candle as it shows that buyers were in control the entire session. It usually becomes the first part of a bullish continuation or a bullish reversal pattern. A Black Marubozu contains a long black body with no shadows.
The open equals the high and the close equals the low. This is a very bearish candle as it shows that sellers controlled the price action the entire session.
It usually implies bearish continuation or bearish reversal. Doji Doji candlesticks have the same open and close price or at least their bodies are extremely short.
A doji should have a very small body that appears as a thin line. Doji candles suggest indecision or a struggle for turf positioning between buyers and sellers. Prices move above and below the open price during the session, but close at or very near the open price.
Neither buyers nor sellers were able to gain control and the result was essentially a draw. There are FOUR special types of Doji candlesticks. The length of the upper and lower shadows can vary and the resulting forex candlestick looks like a cross, inverted cross or plus sign. The word “Doji” refers to both the singular and plural form. When a Doji forms on your chart, pay special attention to the preceding candlesticks.
If a Doji forms after a series of candlesticks with long hollow bodies (like White Marubozus), the Doji signals that the buyers are becoming exhausted and weakening. In order for price to continue rising, more buyers are needed but there aren’t anymore! Sellers are licking their chops and are looking to come in and drive the price back down.
If a Doji forms after a series of candlesticks with long filled bodies (like Black Marubozus), the Doji signals that sellers are becoming exhausted and weak. In order for price to continue falling, more sellers are needed but sellers are all tapped out! Buyers are foaming in the mouth for a chance to get in cheap.
While the decline is sputtering due to lack of new sellers, further buying strength is required to confirm any reversal.
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Bullish and bearish candlestick patterns forex explained Bearish candlesticks or bullish candlesticks just simple you can indicate with arrow indicator.You need just download file zip and install own mt4 with complete template. If candle show you green color in chart that means bullish power and same if candle show you red colore that means bearish. Candlestick analysis forex you can simple just follow indicator point and trad. For long term candle trading must choose Day trad time frame and for scalping candle pattern you can choose short term like m15 or M30 time frame. I am share with you some candle pattern name and type:- Bullish and bearish Harami Candlestick Pattern This is live example of Harami candlestick patterns with Bullish trend arrow appear in down line.
For bullish arrow appear in down and after reversal candlestick patterns indicator that market move next target. This harami candle free candlestick pattern indicator show upper shadow and long lower shadow with short body pattern. This harami candle mostly appear in Uk market session opening time.
Engulfing candlestick pattern indicator The engulfing candlestick patterns also call reversal pattern means that work great on market reverse point. Mostly bearish engulfing in downtrend show downtrend market point as normal. This patterns forex candle appear and downtrend end and indicate clear uptrend next target with green line arrow in down bottom. Bullish & bearish Piercing Candlestick Pattern This candlestick pattern consist of two downside gap for bullish and bearish trading with piercing.
You can trad with new York market close trad with this forex trading candlestick patterns. Candlestick bullish reversal patterns give you clear market trend with long term trading. Doji and Shooting Star Candlestick Pattern For trading candlestick patterns you can use Doji pattern with long term in asia market session entry point. With Doji candlestick pattern show you bearish pattern candle for long term trad with strong down direction. You can All major pair like eurusd and other for doji candle stick Forex pattern.
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