Category for Chart Patterns
Types of Triple Japanese Candlestick Patterns There are six types of triple Japanese candlestick patterns and they are the Morning Star, the Evening Star, the Three White Soldiers,the Three Black Crows, the Three Inside Up and the Three Inside Down. The Morning Star and the Evening Star Both the morning and the evening stars are […]
Read the rest of this entry »Types of Double Japanese Candlestick Patterns The four types of double Japanese candlestick patterns are the Bullish Engulfing Pattern, The Bearish Engulfing Pattern, the Tweezer Tops and the Tweezer Bottoms. The Bullish Engulfing Pattern The bullish engulfing pattern is a double candlestick pattern that indicates a possibility of a strong uptrend. It is formed right […]
Read the rest of this entry »Types of Single Japanese Candlestick Patterns There are four basic types of single Japanese candlestick patterns and they are the Hammer, the Hanging Man, the Inverted Hammer and the Shooting Star. Most technical analysts use them to pin point potential market reversals. The Hammer and the Hanging Man Both the hammer and the hanging man […]
Read the rest of this entry »Types of Japanese Candlestick Patterns There are several types of Japanese candlestick patterns and below are some of the basic patterns. Spinning Tops If the real body of a Japanese candlestick is very small with a long top and bottom vertical lines or shadows attached to it that candlestick is called spinning tops. Its color […]
Read the rest of this entry »Japanese Candlestick Analysis Basic Candlestick Patterns And Body Sizes In the chart below of GBP/USD, you can see there are lots of different body sizes of the candlesticks. The body of the candlestick represents the range between the opening price and the closing price of the currency at that particular period of time. Long body […]
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