JAPANESE CANDLESTICK PATTERNS CANDLESTICK SHADOW The line that
- Slides: 27
JAPANESE CANDLESTICK PATTERNS
CANDLESTICK SHADOW • The line that appears above and below the body is referred as the SHADOW, WICK or the TAIL • Its almost as important as the body • It shows us the range for that period • It adds to the body’s interpretation of the market psychology • It represents the high and low for that period • The tail on the top shows us the high for that period • The tail on the bottom shows us the low for that period
CANDLESTICK SHADOW
CANDLESTICK SHADOW Possible Resistance Possible Support • A long SHADOW can show support or resistance depending on where it is in the candle and where It’s located on the charts
BASIC CANDLESTICK PATTERNS • • • MARUBOZO SHORT DAY LONG DAY SPINNING TOP DOJI PAPER UMBRELLA
MARUBOZO • Shows large range between the opening and closing price with immediate strength or weakness • Usually the second bar in a reversal or continuation pattern • Has no shadows
SHORT DAYS • Shows small range between the opening and closing price • Small Shadows • Multiple short days can indicate consolidation
LONG DAYS • Shows large range between the opening and closing price • Shows strength and weakness
SPINNING TOPS • The shadows are longer than the body • Shows indecision • Also seen in consolidation
DOJI GRAVESTONE DRAGONFLY LONG-LEGGED FOUR PRICE • The open and close must be equal or very close • Gravestone is BEARISH when at the top of a short term rally • Dragonfly is BULLISH when at the bottom of a short term break • Long-Legged shows INDECISION • Usually seen in illiquid markets, no trades may have took place
GRAVESTONE DOJI SELL BELOW • Gravestones must be seen at the top of a short term uptrend • Buying comes in right from the opening showing continued strength followed by a selloff later in the day, closing near or on the lows • There could be a small wick or very small body • This must be followed by a confirmation bar to confirm trade • Must sell below the lows
DRAGONFLY DOJI BUY ABOVE • Dragonflys must be seen at the bottom of a short term downtrend • Selling comes in right from the opening showing continued weakness followed by a rally later in the day, closing near or on the highs • There could be a small wick or very small body
PAPER UMBRELLA • Color does not matter • Location on the charts is what’s important • They can have small shadows
CANDLESTICK REVERSAL PATTERNS • • • HAMMER HANGING MAN INVERTED HAMMER SHOOTING STAR ENGULFING HARAMI CROSS DOJI STAR EVENING STAR MORNING STAR
HAMMER BUY ABOVE • Hammers must be seen at the bottom of a downtrend • Aggressive selling right from the open with a recovery throughout the day, closing near the highs creates the handle • Color of the body does not matter • Must wait for the next candle to confirm before putting on the trade
HANGING MAN SELL BELOW • The Hanging Man must be seen at the top of an uptrend • Aggressive buying right from the open with a selloff throughout the day, closing near the highs creates the pattern • Color of the body does not matter • Must wait for the next candle to confirm before putting on the trade
INVERTED HAMMER BUY ABOVE • Inverted Hammers must be seen at the bottom of a downtrend • Buying comes in right from the opening with a selloff later in the day • Color of the body does not matter
SHOOTING STAR SELL BELOW • Shooting Stars must be seen at the top of an uptrend • Buying comes in right from the opening showing continued strength followed by a selloff later in the day, closing near the lows creating the small body • Color of the body does not matter • Must wait for the next candle to confirm before putting on the trade
ENGULFING BUY ABOVE SELL BELOW • In an uptrend the open should be higher than previous bars high and in a downtrend the open should be lower than the previous bars low showing a continuation of the trend • The close in should then totally engulf the previous bars high or low to enter the trade
HARAMI SELL BELOW BUY ABOVE • The current candle’s range should be completely engulfed by the previous candle’s body • The colors of the bodies should be reversed for a reversal • The size of the second candle affects the magnitude of the reversal • Must wait for the next candle to confirm before putting on the trade
HARAMI CROSS SELL BELOW BUY ABOVE • The current candle’s range should be completely engulfed by the previous candle’s body • The size of the second candle affects the magnitude of the reversal • Must wait for the next candle to confirm before putting on the trade
DOJI STAR BUY ABOVE SELL BELOW • Shows indecision, use overbought/oversold technical indicators when at tops or bottoms of a move • Needs a confirmation candle
MORNING/EVENING DOJI STAR BUY ABOVE SELL BELOW • The star must gap lower at the bottom of a down trend or gap higher at the top of an up trend • Needs a confirmation candle
MORNING/EVENING STAR BUY ABOVE SELL BELOW • The star must gap lower at the bottom of a down trend or gap higher at the top of an up trend • Needs a confirmation candle
ABANDONED BABY BUY ABOVE GAP SELL BELOW • Must have a gap in the direction of the trend followed by a Star or Doji • This must be followed by another gap in the opposite direction
PIERCING LINE BUY ABOVE • Bullish reversal • Continuation of a bearish trend seen by lower open, making new lows, following a long red candle • Closes the day higher than 50% of the previous body
DARK CLOUD COVER SELL BELOW • Bearish reversal • Continuation of a bullish trend seen by higher open, making new highs, following a long green candle • Closes the day lower than 50% of the previous body
- Cradle pattern trading
- Phân độ lown
- Block nhĩ thất cấp 1
- Thơ thất ngôn tứ tuyệt đường luật
- Thơ thất ngôn tứ tuyệt đường luật
- Walmart thất bại ở nhật
- Tìm vết của đường thẳng
- Hãy nói thật ít để làm được nhiều
- Tôn thất thuyết là ai
- Gây tê cơ vuông thắt lưng
- Sau thất bại ở hồ điển triệt
- Cubism characteristics
- Candlestick placemaking
- Patrones alcistas y bajistas
- Paper umbrella candlestick pattern
- A plain scale of 1cm=5m and show on it 37m
- Dating serves several important functions that include:
- X videos
- A poem of free verse that the japanese like.
- Hình ảnh bộ gõ cơ thể búng tay
- Bổ thể
- Tỉ lệ cơ thể trẻ em
- Gấu đi như thế nào
- Tư thế worm breton là gì
- Alleluia hat len nguoi oi
- Các môn thể thao bắt đầu bằng tiếng chạy
- Thế nào là hệ số cao nhất