Indices Candlesticks Guide
Candlesticks Patterns Explained for Day Trading
To draw these indices candlesticks on the MT4, select the charts drawing tools within the "MT4 Toolbar" - shown below.
To view this toolbar on MT4 go to "View" Next to file at the top left corner of the MT4 Platform, Click "View", Then Click "Toolbars", Then check the "Charts" Button. The above toolbar will appear.
Once the above toolbar, appears you can then select the type you want to convert to, If you want to trade using the bar stock indices charts, click the bar tool button as shown above, for line indices charts click the line tool button, for Japanese candlesticks patterns format click the "candlesticks indices charts tool button".
Indices Candlesticks Guide
Doji Indices Candlesticks Guide
This is a stock indices candle pattern with the same opening and closing indices price. There are various types of doji stock indices candlesticks pattern that form on Indices charts.
The following examples show various patterns of the doji stock indices candlestick:
Long-legged doji stock indices candle pattern has long upper and lower shadows with the opening and closing stock indices price at the middle. When the Long-legged doji appears on a Indices Trading chart it indicates indecision between stock indices traders, the buyers and the sellers.
Below is an example screenshot image of the Long Legged Doji stock indices candlesticks pattern
Doji Stock Indices Chart Pattern - Doji Indices Candlesticks Guide
Doji Stock Indices Chart Pattern - Doji Indices Candlesticks Guide
Marubozu Indices Candlesticks Guide
Marubozu stock indices candle pattern are long candlesticks that have no upper or lower shadows, Like the ones shown below.
Marubozu Indices Candlesticks Guide
Marubozu stock indices candle pattern are continuing stock indices candlestick patterns that show stock indices price is going to continue in the same direction as that of the marubozu stock indices candlestick. The marubozu stock indices candlesticks pattern can be white/blue or Black/red depending on the direction of the indices trend.
Spinning Tops Candlesticks Indices Candlesticks Guide
Spinning tops stock indices candle pattern have a small body with long upper and lower shadows. These spinning tops stock indices candlesticks patterns are referred to by this name because they are similar to spinning tops on a matchstick.
The upper and lower shadows of the spinning tops stock indices candlesticks pattern are longer than the body. The example explained and illustrated below shows the spinning tops stock indices candle pattern. You can look for the pattern in your MT4 Indices Trading Platform stock indices charts. The example explained and illustrated below shows a screenshot to help traders when it comes to learning and understanding these stock indices candle pattern.
Spinning Tops Indices Candlesticks Guide
The color of the spinning tops candlestick stock indices candlesticks pattern is not very important, this formation show the indecision between the buyers and sellers in the Indices Trading market. When these stock indices chart patterns appear at the top of a indices trend or at the bottom of the indices trend it might signify that the indices trend is coming to an end and it might soon reverse and start going the other direction. However, it is best to wait for confirmation indices trading signals that the direction of a indices instrument has reversed before trading the signal from this stock indices candle pattern formation.
Hammer Indices Candlestick Pattern and Hanging Man Indices Indices Candlesticks Guide
Hammer Indices Candlestick Pattern and Hanging Man Indices Candlestick Pattern candlesticks look alike but hammer is bullish reversal stock indices candle pattern and hanging man is a bearish reversal stock indices candle pattern.
Indices Candlesticks Guide
Hammer Indices Candlesticks Guide
Hammer stock indices candle pattern is a potentially bullish stock indices candlestick pattern that occurs during a downward indices trend. It is named so because the stock indices trading market is hammering out a market bottom.
Hanging Man Indices Candlesticks Guide
This hanging man stock indices candle pattern is a potentially bearish indices trading reversal stock indices signal that occurs during a upward indices trend. It is named so because it resembles a man hanging on a noose up high.
Indices Candlesticks Guide
Inverted Hammer Indices Candlesticks Guide
This is a bullish reversal stock indices candle pattern. It occurs at the bottom of a Indices trend.
Inverted hammer stock indices candle pattern occurs at the bottom of a down indices trend and indicates the possibility of reversal of the downward stock indices trend.
Indices Candlesticks Guide
Shooting Star Indices Candlesticks Guide
Shooting Star is a bearish reversal stock indices candle pattern. It occurs at the top of a stock indices trend.
Shooting Star stock indices candle pattern occur at the top of an up indices trend in the Indices Trading market where the open stock indices price is the same as the low and stock indices price then rallied up but was pushed back down to close near the open.
Shooting Star Candlestick - Indices Candlesticks Guide
Piercing Line Indices Candlesticks Guide
Piercing line candlestick pattern is a long black body followed by a long white body candlestick.
The white body pierces the midpoint of the prior black body.
This Piercing Line stock indices candle pattern is a bullish reversal stock indices candle pattern that forms at the bottom of a market downward indices trend. It shows that the stock indices trading market opens lower and closes above the midpoint of the black body.
This Piercing Line stock indices candle pattern shows that the momentum of the down indices trend is reducing and the stock indices trading market indices trend is likely to reverse and move in an upward direction.
This Piercing Line stock indices candle pattern is shown known as a piercing line signifying the stock indices trading market is piercing the bottom showing a market floor for the stock indices price downward indices trend.
Indices Candlesticks Guide
Dark Cloud Cover Indices Candlesticks Guide
Opposite of piercing candlestick stock indices candlestick.
This candlestick is a long white body followed by a long black body.
The black body pierces the midpoint of the prior white body.
This is a bearish reversal indices pattern that forms at the top of an upward indices trend.
Dark Cloud cover stock indices candle pattern that the stock indices trading market opens higher and closes below the midpoint of the white body.
Dark Cloud cover stock indices candle pattern shows that the momentum of the up indices trend is reducing and the stock indices trading market indices trend is likely to reverse and move in a downward indices trading direction.
Dark Cloud cover stock indices candle pattern is shown known as a cloud cover signifying the cloud as a ceiling for the stock indices price upward indices trend.
Dark Cloud Cover Stock Indices Candlestick Pattern - Indices Candlesticks Guide
Morning Star Indices Candlesticks Guide
Indices Candlesticks Guide
Evening Star Indices Candlesticks Guide
Opposite of the morning star stock indices candlesticks pattern
Indices Candlesticks Guide - Candlestick Guide
Indices Candlesticks Guide
Engulfing is a reversal stock indices candle pattern that can be bearish or bullish depending upon whether it appears at the end of a stock indices market down indices trend or at the end of a stock indices market upward indices trend.
Indices Candlesticks Guide
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