Japanese candlesticks are one of the most popular methods in Forex trading.Technicians use candlesticks.
Bulls are buyers - Bears are sellers Bearish and Bullish are simply terms used to characterize trends in the currency.
The hammer is a bullish reversal pattern in candlestick chart. The Hammer is a strong reversal signal that a bearish trend is weakening.
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends. The Inverted Hammer is a bullish reversal pattern in candlestick chart.
This pattern occurs at the top of uptrend and is a potential reversal downward.
Shooting Star Candlestick
The shooting star candlestick pattern occurs in an uptrend. It is preceded by a strong up trend.
Engulfing patterns is a reversal signal.There are two types of the Engulfing patterns.
The bullish Engulfing candlestick Pattern could be a bullish reversal pattern, usually occurring at the bottom of a downtrend.
The bearish Engulfing candlestick Pattern may be a bearish reversal pattern, typically occurring at the top of an uptrend.
A morning star pattern could be a bullish reversal signal, and therefore, only occurs when an established downtrend in price.
The evening star candlestick pattern may be a bearish candlestick reversal pattern.
Spinning Tops is a sign of the indecision between the buyers and sellers.
A Doji is formed when its open and close prices are the same or close to each other.
There are Five Different Types of Doji Candlesticks
In case of a doji star Morning Doji and Evening Doji stars are formed.
When the long legged doji seems in an uptrend it provides a sign for a possible reversal to the downside.
The dragonfly doji candlestick pattern represents an indecisive market.
Dragonfly occurs when open and close price are equal and happen at the high or close to the high of the day.
4 price doji is indecision between the bulls and the bears. 4 Price Doji is incidence and it will be seen if the all four price are equal.
Dark Cloud Cover Candlestick
Dark-cloud Cover pattern is a bearish reversal. Dark Cloud Cover also called top reversal pattern that appears in an uptrend.
Tweezer Top Candlestick
A tweezer top occurs when the highs of two or more candlesticks are equal in a series of candlesticks.
Tweezer Bottom Candlestick
Tweezers are actually two or more candlestick lines with similar highs and lows.
Harami Candlestick
The Harami is one of the major candlestick signals in Japanese Candlestick analysis. Harami is a reversal pattern.
Bearish Harami Candlestick
The Bearish Harami candlestick consists of an upward candlestick followed by a downward candlestick.
Bullish Harami Candlestick
Bullish Harami is composed of a two candle formation. The bullish harami candlestick consists of a downward candlestick followed by an upward candlestick.
Bearish Harami Cross Candlestick
Bearish Harami Cross is a two candle reversal pattern that is the same as the Bearish Harami , except that the second candle is a Doji .
Bullish Harami Cross Candlestick
The bullish harami cross candlestick consists of a downward candlestick followed by a doji candlestick.
Shaved Candlestick
Shaven Bottom is a candlestick with no lower shadow. Shaven Bottom is a reversal signal with confirmation the next trading bar.
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