Patterns in Technical Charts
Encyclopedia of Candlestick Charts PDF
The List of Candlestick Pattern Dictionary Tutorial Lesson - Types of Candlestick Pattern Setups Example
The List of candlesticks setups used to trade Gold - The top ten most oftenly used candlesticks setups used to trade the online market.
Doji Candle-sticks and Their Meaning
Doji is a candle pattern with the same opening & closing xauusd price. There are various types of doji candlesticks pattern setup formation that form on charts.
following example explain different patterns of the doji candlestick:
Long-legged doji Gold Candlestick Pattern has long upper and lower shadows with opening and closing xauusd price at the middle. When the Long legged doji pops and shows up on a XAUUSD chart it indicates indecision between traders, buyers & the sellers(bears).
Shown Below is an illustration of the Long Legged Doji candles pattern setup formation
Doji Chart Pattern - Doji Gold Candles and Their Definition - Candles Discussed
Doji Chart Pattern - Doji Gold Candles and Their Meaning
Marubozu Candle-sticks and Their Meaning
Marubozu Candlestick Pattern are long candlesticks that have no upper or lower shadows, Like shown & explained below.
Marubozu Candle-sticks - Marubozu Candles and Their Definition - Candles Discussed
Marubozu Candlestick Pattern are continuing candle stick setups which show price is going to continue in same direction as that of the marubozu candlestick. Marubozu candlesticks pattern setup formation can be white/blue or Black/red depending on direction of the price trend.
Spinning Top Candlesticks Candle-sticks and Their Meaning
Spinning tops Gold Candlestick Pattern have small body with long upper and lower shadows. These spinning top candles are known by this term/name because these candlesticks formations and setups are similar to a spinning top on a match-stick.
The upper & lower shadows of the spinning top xauusd candlesticks pattern setup formation are longer than the body. Examples depicted & described below portrays the spinning top Candle-stick Pattern. You can look for the pattern setup formation in your MT4 Software charts. Examples depicted & described below portrays a screenshot to help the Gold traders when it comes to studying and understanding these Candle Pattern.
How Do I Read Candle-stick Charts - Spinning Tops Gold Candles and Their Definition - Candles Discussed
Color of the spinning top candlestick xauusd candlesticks pattern setup formation is not very important, this pattern explain indecision between buyers & sellers in XAUUSD market. When these chart patterns appear at the top of a market trend or at the bottom of the trend it may signal that the price trend is coming to an end & it might soon reverse and begin moving in the opposite market direction. However, it's better to wait for additional confirmation trading signals that direction of a xauusd has reversed before taking the trading signal from the Candle Pattern setup.
Hammer Candle-stick Pattern & Hanging Man Candlestick and Their Meaning
Hammer Candle Pattern and Hanging Man Candle Pattern candles look alike and similar but hammer is bullish reversal Candlestick Pattern and hanging man is a bearish reversal Candle Pattern.
Hammer Candle Pattern & Hanging Man Candle Pattern - Candles and Their Meaning
Hammer Candle-sticks and Their Meaning
Hammer Candle-stick Pattern is a potentially bullish candlestick pattern that forms during a downward trend. It's named and called so because the market is hammering a bottom.
Hanging Man Candlestick and Their Meaning
This hanging man Candlestick Pattern is a potentially bearish reversal signal which occurs and forms during a upwards trend. It's named & called so because it looks like a man hanging and dangling on a noose up high.
Hanging Man Candle Pattern
Inverted Hammer Candle-sticks and Their Meaning
This is a bullish reversal Candlestick Pattern. It occurs at the bottom of a XAUUSD trend.
Inverted hammer Candle-stick Pattern occurs at the bottom of a down trend & reflects possibility of reversal of the downward trend.
Inverted Hammer Candle-stick Pattern - Candles and Their Definition - Candles Discussed
Shooting Star Candle-sticks and Their Meaning
Shooting Star Candle is a bearish reversal Candle Pattern. It occurs at the top of a market trend.
Shooting Star Candle-stick Pattern occur and forms at the top of an up trend in the market where the opening price is same as the low and price then rallied up but was forced and pushed back downwards to close near the open.
Shooting Star Candle-stick - Candle Pattern Setups for Day Trading PDF
Piercing Line Candle-sticks and Their Meaning
Piercing line candlestick stick pattern is a long black body followed by long white body candle.
The white body pierces the mid-point of the prior black body.
This Piercing Line Gold Candlestick Pattern is a bullish reversal Candlestick Pattern which occurs and forms at the bottom of a market downwards trend. It shows the market opens lower and closes above the mid-point of the black body.
This Piercing Line Gold Candlestick Pattern shows that the force of the down trend is reducing/decreasing and the price trend is likely to reverse and move in an upwards direction.
This Piercing Line Gold Candlestick Pattern is shown known as a piercing line signaling that the market is piercing the bottom illustrating a market floor for the price down-ward trend.
Piercing Line Candle-stick Pattern - Candles and Their Meaning
Dark Cloud Cover Candle-sticks and Their Meaning
Opposite of piercing candlestick candlestick.
This candlestick stick 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 that forms at the top of an upward trend.
Dark Cloud Candlestick Pattern that the market opens higher and closes below the mid-point of the white body.
Dark Cloud Candlestick Pattern shows that the power of the up trend is reducing/decreasing and the trend is likely to reverse and move in a downwards gold direction.
Dark Cloud Candlestick Pattern is shown known as a cloud cover signifying the cloud as the ceiling for the price upward trend.
Dark Cloud Cover Candle
Morning Star Candle-stick Pattern Setups for Intraday Trading PDF
Morning Star Candle-stick Pattern - Candles and Their Meaning
Evening Star Candle-sticks and Their Meaning
Opposite of morning star candle-sticks pattern setup formation
Evening Star Candle-stick Pattern - Candles and Their Meaning
Candle-sticks and Their Meaning
Engulfing is a reversal Candlestick Pattern that can be bearish or bullish depending upon whether it appears at the end of a trading market down trend or at the end of a market upward trend.
Bullish and Bearish Engulfing Candlesticks Pattern Setups - Candles and Their Meaning
Patterns Gold Candlestick Meaning - Patterns in Technical Charts - Candles and Their Definition - Candles Explained - Encyclopedia of Candlestick Charts Guide - Candle Pattern Dictionary Guide Lesson
Study More Guides & Tutorials:
- How Do You Sign in on MT5 XAUUSD Real XAU/USD Account?
- MetaTrader 4 Sign In to XAUUSD Trading Account Problem
- Can You Trade Gold With $5
- Methods of Calculating Where to Set Stop Loss XAU USD Orders Using XAUUSD Trend lines
- 1 Hour Time-frame Strategy Gold
