Candle Chart Analysis
Candles Chart Pattern Recognition Indicator MT4
Top 10 Candlesticks Setup Patterns in Indices and their Analysis:
How Do I Read Japanese Candle-sticks Patterns? - Indices Study Indices Candles?
Shown Below is a beginners guide on how to read and analyze candles patterns:
Doji MT4 Candle-stick Pattern Recognition Tutorial
This is a candles pattern with same opening and closing price. There are various types of doji candles pattern which form on charts.
following example show various patterns of the doji candle:
Long-legged doji candlesticks pattern setup has long upper & lower shadows with the opening & closing price at the middle. When the Long legged doji pops up on a chart it signals indecision between stock traders, buyers & the sellers.
Shown Below is example image of the Long Legged Doji candlesticks pattern setup
Doji Stock Pattern - Doji Meta Trader 4 Candle-stick Setup Recognition Guide
Doji Stock Pattern - Doji Meta Trader 4 Candle-stick Setup Recognition Guide
Marubozu MT4 Candle-stick Setup Recognition Guide
Marubozu candles pattern are long candles that have no upper or lower shadows, Like portrayed and shown below.
Marubozu MT4 Candle-stick Setup Recognition Guide
Marubozu candlesticks pattern setup are continuing candlestick patterns that show price is going to continue in the same direction as that of marubozu candlestick. The marubozu candlesticks pattern setup can be white/blue or black/red depending on direction of the trend.
Spinning Tops Candle-sticks MT4 Candle-stick Setup Recognition Trading Guide
Spinning tops candlesticks pattern setup have a small body with long upper and lower shadows. These spinning top candles patterns are referred to by this name because these candlesticks formations are similar to spinning tops on a match-stick.
The upper & lower shadows of spinning tops candle-sticks pattern setup are longer than the body. The example explained below shows the spinning tops candlesticks pattern setup. You can look for pattern on your MetaTrader 4 Platform charts. The example illustrated below shows a screenshot to help traders when it comes to learning & understanding these candlesticks pattern setup.
Spinning Top MetaTrader 4 Candle-stick Setup Recognition Guide
Color of the spinning tops candlestick candlesticks pattern setup isn't very important, this pattern explain the indecision between buyers and sellers in Indices market. When these chart setups appear at the top of a trend or at the bottom of the trend it might signify that the trend is coming to an end and it may soon reverse & begin going the other direction. However, it's best to wait for confirmation signals that the direction of a trend has reversed before trading the signal from the candlesticks pattern setup formation.
Hammer Stock Candle-stick Setup and Hanging Man Candle MT4 Stock Candle-stick Setup Recognition Lesson
Hammer Candle Pattern and Hanging Man Candle Pattern candlesticks look alike but hammer is bullish reversal candles pattern & hanging man is a bearish reversal stock trading candlesticks pattern setup.
Meta Trader 4 Candle-stick Setup Recognition Guide
Hammer Candle MT4 Candle-stick Setup Recognition Tutorial
Hammer candle-sticks pattern setup is a potentially bullish candle stick pattern setup which forms during a downwards trend. It's named so because the trading market is hammering out a market bottom.
Hanging Man Candle-stick Meta Trader 4 Candle-stick Setup Recognition Guide
This hanging man candles pattern is a potentially bearish indices reversal signal which forms during a upward trend. It's named so because it looks like a man hanging on a noose up high.
Meta Trader 4 Candle-stick Setup Recognition Guide
Inverted Hammer Candle-stick MT4 Candle-stick Setup Recognition Tutorial
This is a bullish reversal candlesticks pattern setup. It forms at the bottom of a Indices trend.
Inverted hammer candles pattern occurs at bottom of a down trend and signals the possibility of reversal of the downward trend.
Meta Trader 4 Candle-stick Setup Recognition Guide
Shooting Star Candle MT4 Candle-stick Setup Recognition Guide
Shooting Star is a bearish reversal candlesticks pattern setup. It forms at the top of a trend.
Shooting Star candlesticks pattern setup occur at top of an up trend in the Indices market where the open price is same as the low and trading price then rallied up but was forced back down to close near the open.
Shooting Star Candle-stick - MT4 Candle-stick Setup Recognition Guide
Piercing Line Candle-stick MT4 Candle-stick Setup Recognition Trading Guide
Piercing line candle stick pattern setup is a long black body followed by a long white body candle.
White body pierces the mid point of the prior black body.
This Piercing Line candles pattern setup is a bullish reversal candles pattern setup that forms at the bottom of a market downward trend. It shows that the market opens lower & closes above midpoint of the black body.
This Piercing Line candle-sticks pattern setup portrays that the momentum of the down trend is reducing and market trend is likely to reverse and move in an upwards direction.
This Piercing Line candlesticks pattern setup is displayed known as a piercing line signifying the market is piercing the bottoms showing a market floor for price downward trend.
Meta Trader 4 Candle-stick Setup Recognition Guide
Dark Cloud Cover Candle MT4 Candle-stick Setup Recognition Guide
Opposite of piercing candle stick trading candlestick.
This candlestick is a long white body followed by a long black body.
The black body pierces the mid point of the prior white body.
This is a bearish reversal pattern setup which forms at the tops of an upward trend.
Dark Cloud candlesticks pattern setup portrays that market opens higher & closes below mid point of the white body.
Dark Cloud candlesticks pattern setup portrays that the momentum of the up trend is reducing and market trend is likely to reverse & move in a downwards trade direction.
Dark Cloud candlesticks pattern setup is shown referred to as a cloud cover signifying the cloud as a ceiling for the price upward trend.
Dark Cloud Cover Stock Candle-stick Pattern - Meta Trader 4 Candle-stick Setup Recognition Guide
Morning Star Candle MetaTrader 4 Stock Candle-stick Setup Recognition Tutorial
Meta Trader 4 Candle-stick Setup Recognition Guide
Evening Star Candle MT4 Candle-stick Setup Recognition Guide
Opposite of the morning star candlesticks pattern setup
Meta Trader 4 Candle-stick Setup Recognition Guide
MT4 Candle-stick Setup Recognition Guide
Engulfing is a reversal candlesticks pattern setup that can be bearish or bullish depending upon whether it appears at the end of a market down trend or at the end of a market upwards trend.
Meta Trader 4 Candle-stick Setup Recognition Guide
Stock Candle-stick Setup Patterns Tutorial Guide - Stock Candle-stick Setups Discussed
What's a Trade Plan? - Written Plan Example Template
Alternatives: Automated EA Trading or Copy and Paste Signals
