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Candlestickspatterns

📊 Candlestick CheatsheetCandlestick charts are commonly used in trading to analyze market trends and make trading decisions. Candlesticks can be categorized as bullish or bearish, depending on whether the price has increased or decreased over a given period. It is important to note that while candlestick patterns can be useful in predicting market movements, they should not be used in isolation, and other indicators and analysis should also be considered. It is also important to have a clear understanding of the market and its underlying fundamentals before making any trading decisions. 🔹 Rails The rails pattern is a two-candlestick pattern that typically occurs during a downtrend. The first candle is a long red candle, followed by a long green candle that opens below the previous day's close but closes above it, creating a rail-like pattern. 🔹 Three White Soldiers The three white soldiers pattern is a bullish pattern that consists of three consecutive long green candles with small or no wicks. It typically occurs after a downtrend and suggests a reversal in the market's direction. 🔹 Three Black Crows The three black crows pattern is a bearish pattern that consists of three consecutive long red candles with small or no wicks. It typically occurs after an uptrend and suggests a reversal in the market's direction. 🔹 Mat Hold The mat hold pattern is a five-candlestick pattern that occurs during a bullish trend. It consists of a long green candle, followed by three small candles with lower highs and higher lows, and ending with another long green candle. 🔹 Pinbar The pinbar pattern is a single candlestick pattern that has a long tail or wick and a small body. The tail should be at least two times the length of the body. The pattern suggests a reversal in the market's direction. 🔹 Engulfing The engulfing pattern is a two-candlestick pattern that occurs when the second candle's body completely engulfs the previous candle's body. A bullish engulfing pattern occurs during a downtrend and suggests a reversal in the market's direction, while a bearish engulfing pattern occurs during an uptrend and suggests a reversal in the market's direction. 🔹 Morning Star The morning star pattern is a three-candlestick pattern that typically occurs after a downtrend. It consists of a long red candle, a small candle, and a long green candle, with the small candle gapping down from the previous day's close. The pattern suggests a reversal in the market's direction. 🔹 Evening Star The evening star pattern is the opposite of the morning star pattern and typically occurs after an uptrend. It consists of a long green candle, a small candle, and a long red candle, with the small candle gapping up from the previous day's close. The pattern suggests a reversal in the market's direction. 👤 @algobuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
5
EURJPY - Exciting SELL opportunity with big potential! 🔻As shown on the charts by multi-timeframe analysis, from weekly down to daily and hourly, we can establish a clear bearish bias for EURJPY. Noteworthy observations: - the liquidity pool on weekly timeframe is very obvious and price will eventually go for it, so I keep that in mind. - untested hammer head on daily timeframe is also very obvious and it usually acts as a magnet for price. Depending on how aggressive you want to be with this trade if it works out, entry could be a price action confirmation signal near the buy zone or a sell limit order. I will closely observe the price action near the first target and make a decision whether to close my trade there or adjust my stop loss to the second target. If I have a strong bias that price is ready to make a run on the liquidity pool, I may re-enter the trade after exiting.
Short
by TradingEdgeHQ
🥇Eyes on GOLD, waiting for a pullback to go long.🟢If we see a pullback with good developing price action in GOLD, that's when we make our move. We evaluate if the risk to reward ratio is good enough to justify entering a long trade and set our target accordingly. Entry could be a price action confirmation signal near the zone or a limit order, again depending on how price action develops. We don't just jump in blindly, we also think hard about where to place our stop loss. But if the pullback doesn't happen, I'm not one to chase the market. I stay disciplined and wait for the next high-probability opportunity. No FOMO, no trade. Pass and keep grinding.
PEPPERSTONE:XAUUSDLong
by TradingEdgeHQ
1
AAPL: Bullish REVERSAL ahead? KEY POINTS to watch this week! 🤓• AAPL is reacting above a key support level; • In the weekly chart, we see a Hammer candlestick pattern, which was triggered this week. This points to a possible bounce on AAPL; • The technical target for a Hammer is the projection of the candlestick’s height in the direction of the breakout, this means, something around $138; • In the daily chart, there’s no clear bullish reversal structure on AAPL yet, but we can use Fibonacci to set the next key resistance levels; • The 50% retracement is around $137, which is quite close to the Hammer’s target in the weekly chart. Therefore the area around $137 - $138 is a key dual-resistance area; • To not frustrate this thesis, it is important for AAPL to remain above the $128. If it loses it again, it might be problematic. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
TSLA: Bullish reaction above our TARGET! What's next?• TSLA hit our target at $110, as we discussed in our previous analysis, last week (link below this post, as usual); • Today, it seems we have some reaction, which is expected. It is very rare to see TSLA dropping 7 days in a row (actual drops, not only bear candlesticks). To be honest, I don’t recall seeing 7 drops in a row on TSLA. If this ever occurred, must be a long time ago; • If TSLA confirms this reaction, any bounce on TSLA would have to face the next resistance at $126. In addition, any bounce would be just a Dead Cat Bounce, as there’s no clear bullish reversal structure on TSLA – it is still doing lower highs/lows. Meaning, a top sign under a resistance would be just an opportunity to sell; • In addition to the $126, we see the red trend line connecting the previous top levels, which is another resistance, along with the 21 ema; • What if TSLA loses this support at $110? The next technical support is the $91. • Let’s pay attention to this reaction and see where it can take us. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
An Uptrend Pattern!The candlestick pattern indicates a continuous price uptrend towards the MA20 line backed with high volume. Precaution because the last candlestick indicates a "shooting star" candle, hence, the probability of price correction between the trendline channel or potential resistance area around the price range of the candle. The MACD confirms the price uptrend towards the next price resistance. The RSI indicates a fresh buying interest in the stock. Let's put KAB in WL and watch out for continuous price movement toward the next price resistance backed with volume. R 0.470 S 0.425
MYX:KAB
by eskopitehmilo
Preparing for Earnings Season: ESPRStocks that are reporting earnings in 3 to 4 weeks can be monitored for pre-earnings runs. ESPR had momentum runs recently, as marked by the candlestick patterns within the green rectangles in this chart. A shift of sentiment can be seen in the bottoming pattern with Accumulation/Distribution indicators (the area between the blue rectangles). Often, when an earnings report is going to be great, then the company tries to leak it out subtly. IF earnings were to be negative or below expectations, then CEOs would be warning. No need to go looking for analyst recommendations, everything you need is in the charts. Focusing on the charts, rather than on the commentary around the market, will help you find the stocks that will be lucrative for trading this earnings season.
NASDAQ:ESPRLong
by MarthaStokesCMT-TechniTrader
Gala usdt idea and candlestick analysisAs you see in the chart, with the increase in the shadows of the candles in the bullish or bearish trend, along with one or two candles in the opposite direction of the movement of the chart, it's a trend change signal and a good setup to enter in the trading. P.S. I must say that; in the long-term time frame ( usually more than 1-H ), this method of Candlestick analysis is more effective. ---------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
Relational Technical Analysis: A New Way to Look at ChartsRelational Technical Analysis™ or “Relational Analysis” is my contribution to the continuing evolution of technical analysis. It helps me understand who is in control of the price action of stocks, indexes, ETFs and more. It can provide a leading analysis for trading or investing in any chartable trading instrument, even cryptocurrencies. Relational Technical Analysis starts with an understanding of the current market participant cycle. There are 2 sides of the market participant cycle, each with a few different groups: the Professional Side and the Retail Side. The Professional-Side Groups: the Buy-Side Institutions, which I often refer to as “the Dark Pools” the Sell-Side Institutions, which include the Money Central Banks and largest Financial Services Companies the Professional Traders, both independent and Floor traders for either the Buy Side or Sell Side the High Frequency Trading Firms, aka HFTs The Retail-Side groups: Smaller Funds with less than $3 billion under management the Retail Groups: small lots and odd lots At any given time, one or two of these groups will dominate the price, trend and direction of an asset. Relational Technical Analysis reveals which of the market participant groups is in control. This is due to the differences between the way each group trades--how they execute trades, their reasons for buying and selling, their access to information, where in the trend they tend to buy and sell, and more. For example, there are huge differences between the order types and speed of execution of each market participant group: Order Types: The Professional side uses unique orders to their trading venues such as Time Weighted Average Price (TWAP) strategies for automated orders and multi-leg cross-market orders. Retail uses Market and Limit orders; Small Funds often use Volume Weighted Average Price (VWAP) strategies to trigger automated orders. Speed of Execution: The Professional-Side short-term traders trade on the second. HFTs trade on the millisecond. Retail orders must be filled within 1 minute. Dark Pool transactions can take up to 10 minutes or longer to fill huge, large-lot orders, based on the SEC Midas data analysis. Additional variables include Lot Size, Time of Day trades are transacted and Venue (whether on the public exchanges or on Alternative Transaction Systems like Dark Pools). These variables create very different patterns in candlesticks and indicators. Analyzing charts relationally, then, gives the trader an understanding of how price is most likely to behave in the near term. When the Professional Side is in control, the trend is typically more sustainable. Relational Technical Analysis uses a combination of the price and volume patterns created by each market participant group along with hybrid indicators that reveal the balance of power. The example below uses Chaikin Oscillator. A Volume Oscillator is always included in the set of 5 indicators I teach, a set which differs depending on which indicators you have available. On the SPX, we can see the shift of sentiment that occurred between October and January as the Dark Pools sold against the Small Funds. In October and November of 2021, there was extreme speculation from the Small Funds. The steep run up occurred on low volume and an extreme angle of ascent in Chaikin Oscillator. This was followed by a pattern that represents Dark Pool rotation. A trading range develops with stronger selling volume while Chaikin Oscillator moves down and stays at and below the center line over the topping pattern development. This rotation zone is confirmed in the months following, as Dark Pool TWAPs continue. The largest institutions were lowering their inventory of S&P500 components ahead of the downtrend. This Relational Technical Analysis showed a Shift of Sentiment in the market that was a crucial leading indication of the risk of a significant downside trend developing. Traders using this analysis had ample time to prepare for the downtrend which resulted in a Bear Market decline this year. Thinking ahead from here, I'm looking for the opposite as a bottom starts developing: a shift of sentiment back to the upside where Retail and Small Funds capitulate, followed by Dark Pool accumulation patterns. In summary, Relational Technical Analysis is a new way of looking at the charts which focuses on the unique candlestick patterns, trend formations and indicator patterns that each market participant group creates. This can provide a leading analysis for all trading styles. Martha Stokes, CMT www.TechniTrader.Courses This has been an introduction to Relational Technical Analysis, which I teach at TechniTrader and which I presented to the CMT Association in 2015. Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
SP:SPX
by CMT_Association
45
Train Your Eye To see TheImportant ThingsIn this chart I've circle a candle pattern some know as the Judas Swing. I call it the Money Swing because when you see it form profits usually follow. When price makes this move it will drop or long according to the bias of that day. This formation goes both ways. When you study past price action you will notice the effect that happens after this move. There are no coincidences in Forex. For every cause there is an effect. The DXY has taken off like a bat out of the fires of hades:) Another confluence WHY EURUSD is gonna break 1.0200. Never Over Leverage. Trust your trade set up. Have Fun. I AM Pro Trading Made Simple.
Short
by Master-Jedi-Trader
Copper Futures setting up for a potential long tradeCopper / HG Futures market may be setting up for a move back to the upside. After a huge expanding bullish candle in the beginning of June that saw price blast through the volume Point of Control (POC) which goes back to October last year the price then immediately reversed and we have seen a sell off for the majority of this month. However yesterday we saw a spinning top candle form at a critical point which had been a support level, this has also painted bullish divergence on the RSI indicator. Further to the above technical analysis we have also seen net buying activity from commercial operators which indicates a slight under supply : demand imbalance. On many occasions large commercial buying can lead to a price hike as supply squeeze takes hold. Lastly commodity seasonal reports also show that copper does have a tendency to sell off in the beginning of June but then turns around at the end June and price upwards again through until end of July before dipping again coming into August. I would like to see price close above yesterdays close and hold above ~$4.05 which is roughly a support zone. Ideal entries could be above yesterdays high with price targets at ~$4.25 and / or ~$4.40, which are both just below previous support and resistance levels and large volume clusters. However if price cannot break above and hold $4.05 and instead falls and closes under $4.00 then I would not be looking at any long trades.
COMEX:HG1!Long
by gary_trades
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas. But if you did short this, you would have gained a total of 848pips. 5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level. I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
Long
by RaynLim
Smart Money Analysis: Double Top with Major Hurdle $US30 is approaching a major hurdle with Double Top formation in place. If this hurdle is crossed and if $US30 manages to close above 35650 levels for consecutive 2 Days, then Sky would be the limit for $DowJones and $US30. Then DowJones would enter into a new orbit and will form its own new support and resistance levels above the current levels. Untill it closes above 35650 level, be careful with your Long trades, be properly hedged and look for early short signal to enter into short trades. For Education purpose only. All disclaimers apply
UShort
by Gann-Elliott-Trader
9
ES downtrend- short position for ongoing chaosI have new position that I just open in ES. One of my most favorite set ups is this. And for me potential for good profit is in this set up. 1. You see a possible reversal candle at the orange left pointing arrow. 2. next candle should be closed up above the open of candle that happened right before potential reversal candle. it did go above this candle if the wick you count- but don't count the wick. It just says bears powerful enough to push back below open of 2 candles before. Normally I like to see bigger wick than this but okay, tiny wick is for me working enough. 3. You can see too that price at .382 tried to break through back up but it was pushed back down and with pretty big bear candles. .382 is important line where bulls and bears draw in the sand. 4. You have progressive bigger wicks going down on bear candles. Too bear candle volume is pretty good. add up all of this and you see it looking like a nice bear movement. It is not the most perfect of these set ever that I have seen, but on 1 to 10 scale I give it a 7. So not guarantee, but is there ever? I will give this entry a chance, but it could jump around in this same area and consolidate for a bit. I will not give it too much room to make me wrong because I have a tight stop. But to me risk is worth big a payout. And if this is to fail there are always next trades. I am always happy when people read my idea. And if I win you win, if you lose then I lose too. But over time I make a much more money than I ever lose. Perfect risk management for me is everything. Thanks for tolerating my bad english! LOL Miss Bunny
CME_MINI:ES1!Short
by UnknownUnicorn11430563
14
Candlestick Charts Part 1 Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ A lot of people wanna start trading but they don't know where to start, So i decided to create a series of videos to help new traders understand the Market, Charts, and Patterns. Today's video will be about the Candlestick Chart and it's going to be Part 1 out of 3 Part 1 will be about the theory and structure of the Candlesticks and the different types of Candles. Part 2 will be about Candlesticks Reversal Patterns. Part 3 will be about Candlesticks Continuation Patterns. So let's start with talking about the candlestick chart in general: In the 1700s, a Japanese man named Homma discovered that, while there was a link between price and the supply and demand of rice, the markets were strongly influenced by the emotions of traders. Candlesticks show that emotion by visually representing the size of price moves with different colors. Traders use candlesticks to make trading decisions based on regularly occurring patterns that help forecast the short-term direction of the price. There are 3 different types of Candles : Bullish Candle Bearish Candle Doji 1) Bullish Candle A Bullish candlestick shows the market's open, high, low, and close price for the day. The candlestick has a wide part, which is called the "real body." Bullish means that the market is going up. This real body represents the price range between the open and close of that day. The Shadow or wick or tail represent the high and low of the market. 2) Bearish Candle A Bearish candlestick shows the market's open, high, low, and close price for the day. The candlestick has a wide part, which is called the "real body." Bearish means that the market is going down. This real body represents the price range between the open and close of that day. The Shadow or wick or tail represent the high and low of the market. 3) Doji The Doji has 5 Different types : Standard Doji A Standard Doji is a single candlestick that does not signify much on its own. To understand what this candlestick means, traders observe the prior price action building up to the Doji. Trades based on Doji candlestick patterns need to be taken into context. For example, a Standard Doji within an uptrend may prove to form part of a continuation of the existing uptrend. But it could be a reversal of an uptrend which shows the importance of confirmation post the occurrence of the Doji. Long-legged Doji The Long-Legged Doji simply has a greater extension of the vertical lines above and below the horizontal line. This indicates that during the timeframe of the candle price action dramatically moved up and down but closed at virtually the same level that it opened. This shows the indecision between the buyers and the sellers. Dragonfly Doji The Dragonfly Doji can appear at either the top of an uptrend or the bottom of a downtrend and signals the potential for a change in direction. There is no line above the horizontal bar which creates a ‘T’ shape and signifies that prices did not move above the opening price. A very extended lower wick on this Doji at the bottom of a bearish move is a very bullish signal. Gravestone Doji The Gravestone Doji is the opposite of the Dragonfly Doji. It appears when price action opens and closes at the lower end of the trading range. After the candle open, buyers were able to push the price up but by the close they were not able to sustain the bullish momentum. At the top of a move to the upside, this is a bearish signal. 4 Price Doji The 4 Price Doji is simply a horizontal line with no vertical line above or below the horizontal. This Doji pattern signifies the ultimate in indecision since the high, low, open and close (all four prices represented) by the candle are the same. The 4 Price Doji is a unique pattern signifying once again indecision or an extremely quiet market. I hope that I was able to help you understand The basics of The Candlestick Chart and if you have any more questions don't hesitate to ask. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands and The Different Types Of Trading Strategies links will be bellow
BITSTAMP:BTCUSDEducation
by GabiDahduh
5
Strong Euro buy signal after pullback in uptrend!Hey Traders so I was noticing on the charts that the Euro has been in a strong uptrend. Just saw a nice pullback buy signal on the daily chart and went long. These pinbars or hammers are great signals and when you see them in the current trend it is normally a great opportunity. The way you trade it is buy on the open of the next day candle so I went long around 1.2197. Then you just put your stop below the wick of the previous day candle at 1.2127. The you shoot for a target of 2:1 risk reward and target resistance for take profit. I think the dollar is going to continue to weaken until the FED says the word Taper! I am a strong believer in the the old saying The Trend is you Friend! What does the tradingview forex community think? Where do you guys think the US Dollar is headed? Enjoy! Trade Well, Clifford
Long
by TradetheFuturesCharts