complete guide about candle stick pattern

  • : Candlestick analysis help us to understand short term trend analysis and studies in detail based on the daily candlesticks patterns and analyse a small portion, hence this can be used for weekly trading.
  • : Candlestick analysis is used for weekly trading
  • : Candle stick analysis is used by weekly traders and volume play a important role for price movement higher the volume more the participation and more movement in demand and supply
  • : The Bullish engulfing characterized by a large green white body engulfing a preceding smaller red body, which appears during a downtrend. The green body does not necessarily engulf the shadows of the red body but totally engulfs the body itself. The confirmation level is defined as the last close. Prices should cross above this level for confirmation. The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered
  • : The Bullish Piercing candlestick pattern is likely named piercing because of the way the green candle’s close cuts through the midpoint of the previous day’s red candle. This two-candle, bullish signal is easy to spot and confirm..
  • : Doji is with small body and big tail. It indicates the clear reversal of price pattern
  • : Doji is called star by western people. If a doji appear after continuous price fall (continuous red candle) it is called as morning star. Same way if a doji appear after continuous price hike(continuous green candle) it is called Evening start
  • : hammer is a kind of bullish reversal candlestick pattern, consists of only one candle, and appears after a downtrend. The candle is similar to a hammer, simply because it has a long lower wick and a short body at the top of the candlestick with almost no upper wick. The bearish version of the Hammer is the Hanging Man formation. A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend and can act as a warning of a potential reversal downward.

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