Flashcards

Forex candlestick patterns

mison cadwet English 12 cards

Cards in this deck (12)

1Bearish Engulfingsellers are in control of market; when occurring at end of uptrend, indicates trend reversal, buyers are engulfed by sellers
2Bullish Engulfingbuyers in control; formed in an uptrend, indicates continuation: when formed at the end of a down trend indicates reversal.
3Dojimarket closes and opens at the same price=indecision and equality.
when occurring in a down or up trend indicates likely reversal.
4Dragonfly Dojibullish pattern; open high and close are about the same; long lower tail shows resistance of buyers and attempt to push market up; likely reversal in downtrend.
5Gravestone Dojibearish pattern; open and high the same; long upper shadow indicates bulls losing power; must occur near resistance lvl.
6Morning Starbullish reversal; three candlesticks, 1.bearish(buyers in charge)
2.small one: bullish or bearish(any small candle)
3.bullish candle gapped on open and close.
when occurring at the bottom of a downtrend, near support, indicates powerful reversal
7Evening Starbearish reversal; three candlesticks,
1. bullish
2.small candle of any kind
3. large bearish candle gapped close and open
occurs at top of uptrend
8The Hammer (Bullish Pin Bar)created when open high and close are roughly the same price; long shadow indicates bullish rejection from buyer; reversal candlestick when it occurs at bottom of downtrend
9The Shooting Star(Bearish Pin Bar)open low and close roughly the same price; occurs in an uptrend, indicates bearish reversal. buyers rejected by selling pressure
10Tweezer Bottombearish followed by bullish;
occurs during downtrend;
sellers push market down but buyers push price up and open where buyers close.
11Tweezer topbullish followed by bearish;
occurs during uptrend, buyers push price higher;
but sellers push price lower and close the open of bullish;
indicates bullish trend reversal
12Harami(inside bar)reversal/continuation;
consists of large candlestick followed by smaller one;
smaller body closes in bigger. indicates market indecision