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Candlestick Pattern Dictionary 1
March 22, 2008 — mistanars- Abandon Baby : A rare reversal pattern characterized by a gap followed by a Doji, which is then followed by another gap in the opposite direction. The shadows on the Doji must completely gap below or above the shadows of the first and third day.
- Dark Cloud Cover : A bearish reversal pattern that continues the uptrend with a long green body. The next day opens at new high then closes below the midpoint of the first day.
- Downside Tasuki Gap: A continuation pattern with a long , red body followed by another red body that has gapped below the first one. The third day is green and opens within the body of the second day, then close in the gap between the first two days, but does not close the gap.
- Dragonfly Doji : A doji where the open and close price are at the high of the day. Like other Doji days, this one normally appears at market turning points.
- Engulfing Pattern : A reversal pattern that can be bearish or bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day’s body.
Doji Patterns
March 22, 2008 — mistanarsDoji are candlesticks that provide information of their own. Also features in a number of important patterns. When security’s open and close are equal, Doji forms.
DRAGONFLY DOJI
- When high and close are equal,the low creates a long lower shadow.
- Indicates that sellers dominated trading and drove prices lower during session.
- By the end of the session, buyers resurfaced and pushed prices back to opening level and the session high.
GRAVESTONE DOJI
- When open, close and low at the same price only a long neck at the top as highest price. Its an inverted T shape.
- Its could be a bearish reversal depending on previous position and confirmation trade next session.
- It could be a bearish reversal if it has been extended uptrend.
LONG LEGGED DOJI
- This line often signifies a turning point. It accurs when the open and close are the same, the range between high and low is very relatively large
INVERTED HAMMER and SHOOTING STAR
March 21, 2008 — mistanars
* INVERTED HAMMER is the opposite of the HANGING MAN.
* SHOOTING STAR is a bearish reversal pattern, a potential trend reversal or a resistance level.
HAMMER Pattern
March 21, 2008 — mistanars
* A candlestick with long lower shadow and small real body.
* The hammer is a reversal after a long decline or vice versa.
* Hammering pattern:-
1. Hanging Man
2. Inverted Hammer / Shooting Star
HANGING MAN Pattern
March 19, 2008 — mistanars
- Hanging Man is a bearish reversal pattern that can also mark a top or resistance level.
- Selling pressure is starting to increase.
- Wait for conffirmation of long red candlestick or gap like picture above.
Engulf Pattern In Workspace
March 19, 2008 — mistanarsEngulf Bearish Pattern GBP/USD H1
Look at the Engulf. The red body totally cover green body. The impact are about 348 pips.
Engulf Bullish Pattern GBP/USD H1
The engulf bullis,the green body totally cover the red. You cant Count hove many pips it goes.
Better use 1 hour chart and greater to look dis engulfing pattern.
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March 17, 2008 — mistanarsHow to Trade Forex using Fibonacci Price Relationships
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