Candlestick Pattern Dictionary 1

• 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

Doji 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

* 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

* 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

• 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

Engulf 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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Engulf Patterns

BEARISH PATTERN

• This structures appear when a red real body totally covers, ‘ENGULF’ the prior days real body.
• The market should be in a defined trend, not chopping around sideways
• The shadows of prior candlestick do not need to be engulfed
• We should ready to SELL.

BULLISH PATTERNS

• This structures appears when a green , real body totally covers, ‘ENGULF’ the prior days real body.
• The market should be in a definable trend, not chopping around sideways.
• The Shadows of prior candlesticks need not to be engulfed.
• We should ready to BUY for this.

Candlestick Directions

The emerging pattern on candlestick to predict market directions

1. Engulfing Patterns
2. Hanging Man
3. Hammer
4. Doji

FOREX Info: EUR/USD will hit at 1.6000 ?

Becareful for this high volatile market that happened in thisyear. This is happened because of the crisis in USA that causedby the Subprime Mortgage.

After EUR/USD hit 1.5 as we predict last year ago, now EUR/USDprobably will hit a new record high again 1.6000 if US stillcannot resolve their problem.

and at date Mar 18 (14:15pm New York Time) there will be someannouncement about US Interest Rate. This news will shakethe market if The Fed cut the USD interest rate more than 2.50%You can keep an eye for this news, because this news isvery important.

We hope this information will help your trading.

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