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