A candlestick chart is a visualization tool widely used by traders for technical analysis. Each trading period (whether that’s five minutes or a day) is represented by a candlestick (or candle) that shows the relative positions of four price points for that period: the high price, the low price, the opening price, and the closing price. To show this, each candlestick comprises a ‘real body’ and a ‘shadow’ (or ‘wick’): Changes in the length of the real body and the upper and lower shadows reveal the price action and give an insight into the emotion in the market. Bullish, or ‘up’, candlesticks are usually green or white. Bearish, or ‘down’, candles are usually red or black.
The pin bar is a candlestick bar which is a very powerful formation if you use it correctly. You can catch significant market moves as this bar signals to take the trade from the beginning of the trend. We find these ideal pin bars when the market moves sharply and then dries the volatility or loses the strength of its trend.
Candlestick Patterns are a type of chart that clearly represents the behavior of buyers and sellers through visual price action patterns. They are a very helpful type of chart that can be used for seeing patterns form on a chart and establish signals. Here are 3 Simple Ways To Use Candlestick Patterns In Trading can … Read more
The doji star is a neutral signal that occurs when a single candle has opening and closing prices that are close to the same.
Three black crows is a bearish three candlestick chart pattern formed by price action closing lower than the open and below the previous day’s low for three days in row. It is created by three long bearish candlesticks that stair step downward
The tweezer top candlestick pattern is created by two or more candles with matching highs in price. A tweezer top happens when two candlesticks form back-to-back or near each other with exactly or almost the same highs
The “dark cloud cover” is a bearish reversal candlestick pattern. The dark cloud cover starts by appearing to continue an existing uptrend with a long white candle body, then the following day price opens at a new high but reverses and closes below the middle of the previous day’s bullish candle range
A bearish harami candlestick pattern is created by two candles, first a large bullish candle then next a small bearish candle.
A bearish engulfing candle forms on a chart when a small body candle is inside the range of the next large down candle which can be black or red depending on chart settings. When a two candle of pattern happens near the top of an up trending chart or when a chart has an overbought technical reading like … Read more
An Evening Star is a group of candlesticks that create a chart pattern used in technical analysis to signal a high probability that a current uptrend in price could reverse.
The bearish kicker is a two-candle pattern that starts with a large bullish candlestick higher (white or green depending on the charting platform) then a second large bearish candle that gaps lower in price and keeps going to the downside.