Candlestick Chart Analysis Tutorial
XAUUSD Candle Patterns Tutorial
The Japanese candlesticks patterns techniques also have very many candles formations that are used by traders to trade the market. These candle-sticks patterns have different trading analysis interpretation and the most common are:
The above candles patterns is what makes the Japanese candlesticks popular among technical traders & it's why this type of analysis are the most widely used when it comes to interpreting the market. The analysis for these pattern formations in trade is the same as that one used in stock trading.
Advanced Candle Patterns Tutorial
Doji Advanced Candle Patterns Tutorial
This is a candlestick setup pattern with same opening & closing price. There are various types of doji candlesticks set-up that form on charts.
following examples explain different patterns of the doji candle:
Long legged doji candlestick pattern has long upper & lower shadows with the opening & closing xauusd trading price at the mid. When the Long-legged doji appears on a trading chart it demonstrates indecision between the traders, buyers & sellers.
Below is example screen shot screenshot of the Long Legged Doji trading candlesticks setup
Doji XAUUSD Setup - Doji Advanced Candlestick Patterns Lesson - Candlestick Chart Analysis Tutorial
Doji Gold Setup - Doji Advanced Candle Patterns Lesson - Candlestick Chart Analysis Tutorial
Marubozu Advanced Candle Patterns Tutorial
Marubozu candle pattern are long candles that have no upper or lower shadows, Like shown & explained below.
Marubozu Candle Sticks - Marubozu Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Marubozu candle-stick pattern are continuing candlestick patterns that show price is going to continue in same direction as that of the marubozu candlestick. The marubozu candlesticks setup can be white/blue or black/red depending on direction of the market trend.
Spinning Tops Candles Advanced Candle Patterns Tutorial
Spinning tops candle pattern have a small body with long upper & lower shadows. These spinning tops candlesticks patterns are referred to by this name because these candlesticks arrangements are similar to spinning tops on a match-stick.
The upper and lower shadows of the spinning tops candles set-up are longer than the body. The examples shown & explained below illustrates the spinning tops candlestick pattern. You can look for the pattern in your MetaTrader 4 Software charts. The examples illustrated and explained below shows a screenshot to help traders when it comes to learning & understanding these candlestick pattern.
How to Read Candlestick Charts - Spinning Tops Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Colour of the spinning tops candlestick candle-sticks setup isn't very important, this pattern show the indecision between the buyers & sellers in the market. When these patterns appear at the top of a trend or at the bottom of price trend it might signal that the price trend is coming to an end & it may soon reverse and start going in the other direction. However, it's better to wait for confirmation signals that the direction of a market trend has reversed before trading the signal from this xauusd candle pattern formation.
Hammer Candlestick Pattern & Hanging Man Candlestick Advanced Candle Patterns Tutorial
Hammer Candlestick Pattern and Hanging Man Candlestick Pattern candlesticks look alike but hammer is bullish reversal candle pattern and hanging man is a bearish reversal candle-stick pattern.
Hammer Candle Pattern and Hanging Man Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Hammer Candle Advanced Candle Patterns Tutorial
Hammer candlestick set-up is a potentially bullish candle pattern which forms during a downwards trend. It's named so because the market is hammering a market bottom.
Hanging Man Candle Advanced Candle Patterns Tutorial
This hanging man candlestick setup is a potentially bearish trading reversal which occurs during a upwards trend. It is named so because it looks like a man hanging on a noose up high.
Hanging Man Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Inverted Hammer Candle Advanced Candle Patterns Tutorial
This is a bullish reversal candlestick pattern. It occurs at the bottom of a trend.
Inverted hammer candlestick pattern setup forms at the bottom of a down-trend & indicates possibility of a market reversal of the downwards trend.
Inverted Hammer Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Shooting Star Candle Advanced Candle Patterns Tutorial
Shooting Star is a bearish reversal candlestick pattern. It forms at the top of a trend.
Shooting Star candlestick pattern form at the top of an up trend in the market where the open price is same as the low and price then rallied up but was pushed back downwards to close near the open.
Shooting Star Candle - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Piercing Line Candle Advanced Candle Patterns Tutorial
Piercing line candle pattern is a long black body followed by a long white body candle.
The white body pierces the mid-point of the previous black body.
This Piercing Line candlestick setup pattern is a bullish reversal candle pattern that forms at the bottom of a market downward trend. It shows that the market opens lower and closes above the mid-point of the black body.
This Piercing Line candle pattern portrays that the momentum of the down-trend is reducing & the price trend is likely to reverse & move in an upwards direction.
This Piercing Line candlestick pattern is shown referred to as a piercing line signifying the market is piercing the bottom illustrating a market floor for the price down-wards trend.
Piercing Line Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Dark Cloud Cover Candle Advanced Candle Patterns Tutorial
Opposite of piercing candle xauusd candle.
This candle is a long white body followed by a long black body.
Black body pierces the mid-point of the prior white body.
This is a bearish reversal pattern which forms at the top of an upwards trend.
Dark Cloud Cover candle pattern that the market opens higher and closes below the mid-point of the white body.
Dark Cloud Cover candlestick pattern portrays that the momentum of the up trend is reducing and the price trend is likely to reverse & move in a downwards gold trade direction.
Dark Cloud Cover candle pattern is cited referred to as a cloud cover signifying the cloud as a ceiling for the price upwards trend.
Dark Cloud Candlestick Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Morning Star Candle Advanced Candle Patterns Tutorial
Morning Star Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
Evening Star Candle Advanced Candle Patterns Tutorial
Opposite of the morning star candlestick pattern
Evening Star Candle Pattern - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial - Candlestick Guide
Engulfing Candles Setups
Engulfing is a reversal candle pattern that can be bearish or bullish depending upon whether it shows up at the end of a market downward trend or at the end of a market up-wards trend.
Bullish & Bearish Engulfing Candles Setups - Advanced Candlestick Patterns Tutorial - Candlestick Chart Analysis Tutorial
XAUUSD Candle Patterns Gold - Candle Patterns Tutorial - Candle Patterns Quick Reference
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