Candlestick Patterns

Candlestick Patterns

 

Continuation Patterns

 

Reversal Patterns

doji_thumb_

:

A Doji is formed when a candlestick opens and closes at nearly the same level. The shadow above and below can very. The Doji can look like a cross, inverted cross or a plus sign.

gravestone_doji_thumb

Gravestone Doji:

Similar to a Doji it is found at near turning points. More often than not it is found in an uptrend turning point.

Hanging Man_GBPUSD_thumb

Hanging Man:

Hanging man is formed when a security move significantly lower after the opening, then rallies to close near the highs or above the highs. It looks like a lollipop in an uptrend. If the lollipop forms in a down trend it is known as a hammer

hammer_small

Hammer:

Hammer is formed when a security move significantly lower after the opening, then rallies to close near the highs or above the highs. It looks like a lollipop in an downtrend. If the lollipop forms in a up trend it is known as a hanging man


Shooting Star:

A single day pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish

Morning Star_b

A morning star pattern usualy occurs at the end of a downtrend and is a reversal pattern.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *