Doji candlestick chart pattern formation
Doji candlestick chart pattern is formed when opening and closing price are same or very near to each other. Doji points towards indecision among traders in the market and points towards a scenario where both buyers and sellers are in equal strength. If the doji has longer upper and lower shadows then its called long legged doji
Hammer candlestick chart pattern formation
Hammer candlestick chart formation is formed after an extended down move and usually its a bullish reversal sign. It has a small body with long lower shadow
Hanging man candlestick chart pattern formation
Hanging man candlestick chart formation is formed after an extended up-move and usually a bearish reversal sign. It has a small body with long lower shadow
Shooting Star candlestick chart pattern formation
Shooting Star candlestick chart pattern formation is a bearish reversal pattern formed after an extended upmove. If shooting star with gap up opening makes it a stronger signal
Inverted Hammer candlestick chart pattern formation
Inverted Hammer candlestick chart pattern formation is a bullish reversal pattern formed after an extended down move. The significance of this formation increases if inverted hammer happens near congestion areas like support, moving averages etc
Long bearish candlestick pattern formation and its variations
Long bearish candlestick pattern is one of the most bearish formation in candlestick analysis if it occurs after an extended up move or during breakouts.It’s easy to locate in any charts and always give a clue on current market sentiment
What is Japanese candlestick chart patterns and analysis?
Japanese candlestick charting and analysis is almost 4 century old concept and it was originally used by Japanese rice traders.Candlestick chart patterns help a trader to understand the psychology behind the market moves. This has become one very important technical analysis tool for price action trading
Long green candlestick chart pattern formation
Long green candlestick chart pattern formation is one of the easiest to recognize and it’s importance increases if it occurs after an extended downturn or during breakouts or near support areas.It’s easy to locate in any charts and always give a clue on current market sentiment
Spinning Top candlestick chart pattern formation
Spinning Top candlestick chart formation points towards indecision among traders in the market and points towards a scenario where both buyers and sellers are in equal strength. These patterns need to be formed after an extended move in either direction and usually points towards market taking a breather or current trend weakening
Gravestone Doji candlestick chart pattern formation
Gravestone doji candlestick chart formation after extended moves usually points towards a trend reversal.But its always safer to assume that the market is in state of indecisiveness and wait for next day stock movement for confirmation
Dragonfly doji candlestick chart pattern formation
Dragonfly doji candlestick pattern is formed after extended moves and usually points towards a possibility of trend reversal. It can be formed after either up or down move
