Candlestick

In price action, we have chart patterns which take time to build. In candlestick, we have single, double and triple candlestick patterns. These candlestick patterns help traders to identify signals at an early stage in the development of a new trend. As a general rule, the stronger the preceding trend, the more powerful the effect of the single, double and triple candlestick … [Read more...] about What is outside candle and how to trade

Traders use candlesticks to identify trading chart patterns to set up a trade. Chart patterns are formed with one candlestick or by grouping two or more candles in a certain sequence. These candlestick chart patterns help the trader to develop a complete point of view. Based on how candlestick chart patterns are formed it can be broken down into single and multiple … [Read more...] about Understanding the Marubozu Candlestick Pattern

The main objective of the price chart in technical analysis is to depict the battle between bulls (buyers) and bears (sellers) over a given period of time. One of the best and most popular ways to depict the battle between bulls and bears is by using candlestick charts.  In this article we will expose you to many of the facets of candlestick charts techniques that continue … [Read more...] about Why to use candlestick charts for trading and investing in financial market

The japanese candlestick charting technique dates back to the 1700s when bar charting and other popular forms of charting were not even discovered. Japanese traders were using this technique to trade their rice market.  Candlesticks charting became popular when Americans discovered it from Japanese traders. Traders started using it when American Analyst, Steve Nison … [Read more...] about Understanding Basic Candlestick Charts

Candlestick is simply a type of chart that is used by technical analysts to display open, close, high and low prices of a security. Its names such as it resembles an actual wax candle. A single candle represents the market participant’s psychology for the session. Anyone can make a decision on whether to buy, hold or sell by investigating the relationship between one candle … [Read more...] about Why candle types, size, location and color matters in candlestick charting

Candlestick patterns are very popular to indicate trend reversal. We have already discussed hanging man, hammer, shooting star, inverted hammer, dark cloud cover, piercing patterns, engulfing, evening star and morning star candlestick patterns. In this article we will be discussing Bullish and bearish meeting line candlestick patterns. Bearish and Bullish meeting lines are … [Read more...] about Bullish and bearish meeting line candlesticks pattern

Candlestick patterns are used by technical analysts to predict future price reversals to the up or down side. One of such candlestick patterns which signal the end of an uptrend is “Evening Star Candlestick Pattern”. Evening star candlestick pattern is a type of reversal signal that usually appears at the top of an uptrend. Traders consider it as a reliable bearish signal as … [Read more...] about Evening Star Candlestick Pattern Explained

Candlestick patterns are used by market participants to know trend reversal. One of such reversal patterns is the morning star candlestick pattern. Traders closely watch for the formation of a morning star before taking any position. Morning star is a three candlesticks major bottom reversal pattern printed in a downtrend market. The first candle has a long bearish body. … [Read more...] about Morning Star Candlestick Pattern Explained

In Technical Analysis, Candlestick patterns are considered as a representation of the market structure. They give us a clear picture of the price movement and how market participants interact at any given time. In this article, we will be discussing the Bearish abandoned baby candlestick pattern. Both bullish and bearish abandoned baby candlestick patterns signal a possible … [Read more...] about Bearish abandoned baby candlestick pattern

In technical analysis, candlestick patterns are a representation of the market structure. They give a clear picture of price movement and how bulls and bears interact at any given time. In this article, we will be discussing an important japanese candlestick pattern called bullish abandoned baby. Abandoned baby gets its name from the second candle of the pattern which looks … [Read more...] about Bullish Abandoned baby candlestick pattern