candlestick cheat sheet

content. The market is characterised by an uptrend or end of downtrend. The market is characterised by a downtrend or retracement in a bullish trend. Those are characterised by consecutive lower highs where wicks may slightly vary. The next candle is characterised by the white body which is completely engulfed by the body of the first candle. Try not to anticipate that a pattern is going to be created by trading before the formation is complete. These figures shows some of the most common and reliable types of bearish two-day trend reversal patterns in an uptrend. Have you clicked this link first? We see a white marubozu candlestick as the first candle. Constructing a Candlestick Chart, four pieces of data, gathered through the course of a securitys trading day, are used to create a candlestick chart: opening price, closing price, high, and low.

Bullish two-day trend continuation patterns, these patterns are common and reliable examples of bullish two-day trend continuation patterns in an uptrend. Bullish two-day trend reversal patterns, these charts are a few of the most common and reliable bullish two-day trend reversal patterns in an uptrend.

If you have gone through those lessons, heres quick one page reference cheat sheet for single, dual, and triple candlestick formations to simply identify what type of pattern youre searching at when buying and selling. If youre examining or trading a candlestick pattern, keep these guidelines in mind before you decide what to do with your money, so you can make an informed decision: Determine whether the market is trending up, trending down, or not trending at all. By combining both advanced bearish candlestick and advanced bullish candles, you raise the odds for a successful trade. Bullish Squeeze The number of candles in the configuration 3 A black candlestick appears on the first candle. The second candle fails to close above the body of the first candle. The second and the third candles each have lower highs and higher lows than the previous candle. Bullish Continuation Patterns Rising 3 Methods Number of candles in the configuration 3-6 The first candle is a strong bullish candle that retraces next three candles, though the second, third and fourth candle remain within the range of the 1st candle. After the drop in the price, we observe a White Marubozu candle at the support. Have in mind that wide range candles state that there is high volatility (interest in the currency pair).