Flashcards
Forex candlestick patterns
Flashcards do conjunto (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
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- FlashCards sobre Forex candlestick patterns , criado por mison cadwet em 22-08-2021.
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- mison cadwet
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