Trading Candles Chart Patterns

Trading Candlesticks Consolidation Pattern and Candlesticks Continuation Pattern

Depending on the size and shape of a Energies Trading candle it is possible to determine strength of buyers or sellers. Likewise it is also possible to determine the underlying weakness of the buyers and sellers.

Long Body Trading Candles

Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candlestick.

When price makes a huge move from the opening price to the closing price it shows the strength of buyers/sellers.

Long Blue Candlesticks - Strength of Buyers

Long Red Trading Candlesticks - Strength of Sellers

Long Body Candlesticks

Short Body Candlesticks

Candlesticks with short bodies show that there were not so many buyers/sellers and the price did not move much from the opening price to the closing price.

These show that the buyers/sellers were not very strong.

Short Body Candles

Marubozu Candlestick

Marubozu are long candlesticks which have no upper or lower shadows, Like shown below.

Marubozu Trading Candles

Marubozu are continuing candle patterns that show 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 Trading Candles

White marubozu - the open is also the low and the close is also the high.

Marubozu means there were no retracements during that price period and therefore shows that buyers were in total control of the price.

White Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in same upward trend direction.

Black marubozu - the open is also the high and the close is also low.

Marubozu means there were no retracements and therefore shows that the sellers were in total control of the price.

Black Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in same downward trend direction.