Candlesticks CFDs Chart Patterns
CFD Candlesticks Consolidation Pattern and CFD Candlesticks Continuation Pattern
Depending on the size & shape of a CFD Trading candle-stick it is possible to determine strength of buyers or sellers. Likewise it is also possible to determine underlying weakness of the buyers and sellers.
Long Body CFDs Trading Candlesticks
Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candle.
When cfds price makes a huge move from the opening cfds price to the closing cfds price it shows the strength of buyers/sellers.
Long Blue Candlesticks - Strength of Buyers
Long Red CFD Candlesticks - Strength of Sellers
Long Body Candles
Short Body Candlesticks
Candlesticks with short bodies show that there were not so many buyers/sellers and the cfds price did not move much from the opening cfds price to the closing cfds price.
These show that the buyers/sellers were not very strong.
Short Body Candlesticks
Marubozu Candlestick
Marubozu are long candles that have no upper or lower shadows, Like ones displayed below.
Marubozu CFDs Candlesticks
Marubozu are continuing candlestick patterns which show cfds price is going to continue in same direction as that of the marubozu candle. The marubozu can be white/blue or Black/red depending on the direction of the trend.
Marubozu CFD Candlesticks
White marubozu - the open is also the low & the close is also the high.
Marubozu means there were no retracements during that cfds price period & therefore shows that buyers were in total control of the cfds price.
White Marubozu is a continuation pattern meaning that the next candle is likely to continue in the same upwards cfd trend direction.
Black marubozu - the open is also the high & the close is also low.
Marubozu means there were no retracements and therefore shows that sellers were in total control of the cfds price.
Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in the same downwards cfd trend direction.
