Monthly Archives: July 2017

Type of Candlestick Patter Part- 7

The Engulfing pattern consists of two real bodies of opposite color (Figures 3-7 and 3-8). The second day’s body completely engulfs the prior day’s body. The shadows are not considered in this pattern. It is also called the Embracing (daki) … Continue reading

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Type of Candlestick Patter Part- 6

Belt Hold lines are also opening marubozu lines . Remember that the opening marubozu does not have a shadow extending from the open end of the body. The bullish Belt Hold (Figure 3-4) is a white opening marubozu that occurs … Continue reading

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Type of Candlestick Patter Part- 5

The Hammer and Hanging Man are each made of single candlestick lines (Figure 3-1 and 3-2). They have long lower shadows and small real bodies that are at or very near the top of their daily trading range. These were … Continue reading

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Type of Candlestick Patter Part- 4 (Reversal Candle Patterns)

Reversal Candle Patterns A candle pattern can be a single candlestick line or multiple candlestick lines, seldom more than five or six. In Japanese literature, there is occasional reference to patterns that use even more candlesticks, but they will be … Continue reading

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Type of Candlestick Patter Part- 3

Type of Candlestick Patter Part- 3 Long-Legged Doji (juji) The Long-Legged Doji has long upper and lower shadows in the middle of the day’s trading range, clearly reflecting the indecision of buyers and sellers (Figure 2-8). Throughout the day the … Continue reading

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Type of Candlestick Patter Part- 2

SPINNING TOPS (KOMA) Spinning Tops are candlestick lines that have small real bodies with upper and lower shadows that are of greater length than the body’s length (Figure 2-7). This represents indecision between the bulls and the bears. The color … Continue reading

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Type of Candlestick Pattern Part – 1

Type of Candlestick Pattern LONG DAYS Reference to long days is prevalent in most literature dealing with Japanese candlesticks. Long describes the length of the candlestick body, the difference between the open price and the close price, as shown in … Continue reading

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