Posts Tagged ‘pattern’

In this video, you will learn about fractals, and how to use them in your trading strategy. It may sound unpredictable for you to forecast price movements in forex trading. But candlesticks produce a series of patterns, called fractals. The bearish fractal consists of a candlestick with highest high and two candlesticks with lower highs on both sides. The bullish fractal consists of a candlestick with lowest low and two candlesticks with higher […]

In this video, you will learn about the heikin-ashi candlesticks, and increase your profits by identifying the trend strength. It means an average bar in the Japanese language. You can use this indicator in technical analysis to predict future price movements. You can use these candlesticks in various timeframes such as the 5-min, 1-hour, etc. It gives more definitive trend signals. The candlesticks are red in color in a downtrend and green color […]

A pinbar is candlestick with a small body and a long upper or lower wick. The four types of pinbar candlesticks are hammer, shooting star, inverted hammer, and hanging man. The hammer is a bullish reversal pattern. It consists of single candlestick with a small real body and a long lower wick. You can spot the hammer at the end of a downtrend. You also have the inverted hammer candlestick, with a small real body, and a long […]

In this video, you will learn how to identify the shooting star candlestick pattern, and use it as a reversal signal in your trading. Shooting star is the bearish counterpart of the hammer candlestick. This candlestick consists of a long upper wick, which must be at least two times the length of the real body. This pattern becomes more reliable with a long upper wick. The body of the candlestick can be bullish or bearish. A bearish […]

In this video, you will learn about how to identify the bullish engulfing pattern, and how to use it as a reversal signal. This pattern consists of two candlesticks. The first candlestick is a bearish candlestick. The second candlestick is a bullish candlestick. The body of the second candlestick completely engulfs the body of the first candlestick. The market must be in a downtrend. The second candlestick must fully engulf the first one. The long trade can be initiated […]

In this video, you will learn about how to identify the bearish engulfing pattern, and how to use it as a reversal signal. This pattern consists of two candlesticks. The first candlestick is a bullish candlestick. The second candlestick is a bearish candlestick. The body of the second candlestick completely engulfs the body of the first candlestick. The market must be in an uptrend. The second candlestick must fully engulf the first one. The short trade can be initiated […]

In this video, you will learn how to identify the doji candlestick pattern. You will also learn the various types of doji, the interpretation of this pattern, and how to use the reversal signal from this pattern. The doji candlestick has no real body. The open price and the close price are the same. There are three types of doji candlestick pattern. They are long-legged doji, dragonfly doji, and gravestone doji. The long-legged […]

In this video, you will learn how to identify the morning doji star candlestick pattern, and how to use it as a reversal signal. For this pattern, the first candlestick must be a long bearish candlestick. The second candle must be a doji candlestick with the open price below the close price of the first candlestick. This represents indecision in the market. The third candle is a bullish candlestick with a big body with its open […]

In this video, you will learn how to identify the evening doji star candlestick pattern, and how to use it as a reversal signal. For this pattern, the first candlesstick must be a long bullish candlestick. The second candle must be a doji candlestick with the open price above the close price of the first candlestick. This represents indecision in the market. The third candle is a bearish candlestick with a big body with its open […]

Candlestick patterns are extremely popular among forex traders. Some traders also use chart patterns in short-term trading. In this video, you will look at continuation patterns. For example, consider the rising three methods pattern, which is a bullish continuation pattern. The first candle is a long bullish candlestick. Then the bears counter attack forming three bearish candlesticks and the price declines slightly. Then it is followed […]