How Do You Interpret Japanese Candlesticks Patterns?

How to Interpret Japanese Candle Sticks Setups

Gold Candlesticks patterns have different pattern formations which you can learn and use them in trading & identifying trading setups based on the candles patterns tutorial explained below.

The tutorials below explain how to identify these candles patterns and how to trade with them.

Doji Candle Sticks Signals

Doji is a candles set-up with the same opening and closing price. There are various types of doji candlesticks setup that form on charts.

following example explain various patterns of the doji candlestick:

Long legged doji candles setup has long upper and lower shadows with opening and closing price at the middle. When the Long legged doji pops and shows up on a trading chart it indicates indecision between traders, buyers & the sellers(bears).

Shown Below is exemplification screen-shot screenshot of the Long Legged Doji candlesticks setup

Technical Analysis of Doji Candlestick Setup - How Do You Analyze Reversal Doji Candlestick Patterns?

Doji Candlestick Pattern - Doji Candle Signals

How Do I Read Japanese Candle Trade Setups? - Trade Reversal Doji Candlestick Setups Signals

Doji Candlestick Pattern - Doji Candle Signals

Marubozu Candles Signals

Marubozu candlesticks pattern are long candlesticks that have no upper or lower shadows, Like shown & displayed below.

Marubozu Bullish Candle Pattern and Marubozu Bearish Candle Pattern

Marubozu Candlesticks - Marubozu Candlestick Signals

Marubozu candlesticks setup are continuing candle patterns which show price is going to continue in same direction as that of the marubozu candlestick. Marubozu candlesticks set-up can be white/blue or Black/red depending on direction of the price trend.

Spinning Tops Candles Candle Sticks Signals

Spinning tops candlesticks setup have small body with long upper and lower shadows. These spinning top candles are known by this term/name because these candles formations and setups are similar to a spinning top on a match-stick.

The upper and lower shadows of the spinning top candlesticks set-up are longer than the body. The example shown & described below portrays the spinning top candle-sticks setup. You can look for the pattern on your MetaTrader 4 Gold Trading Platform charts. The example illustrated & explained below shows a screenshot to help the Gold traders when it comes to learning & understanding these candles pattern.

How to Interpret Japanese Candlesticks Setups - How Do You Read Trading Spinning Tops Candles Patterns?

How Do I Read Candlestick Charts - Spinning Tops Candlestick Signals

Colour of the spinning top candlestick candlesticks setup isn't important, this formation shows indecision between buyers & sellers in market. When these patterns appear at the top of a market trend or at the bottom of the trend it might trade signal that the trend is coming to an end & it might soon reverse and begin going in the in the opposite trend market trend market trend market trend market trend market trend market trend market trend direction. However, it's better to wait for additional confirmation trading signals that direction of a has turned and reversed before taking the trading signal from the candle-sticks set-up formation.

Hammer Candle Setup & Hanging Man Candle Pattern Candles Signals

Hammer Candle Pattern & Hanging Man Candle Setup candles look alike and similar but hammer is bullish reversal candlesticks pattern & hanging man is a bearish reversalcandle-sticks setup.

How to Interpret Japanese Candle Sticks Setups - How Do You Read Japanese Candle Trade Setups?

Hammer Candle Pattern & Hanging Man Candle Pattern - Gold Candlestick Signals

Hammer Candle Sticks Signals

Hammer candles setup 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 Candle Sticks Signals

This hanging man candlesticks setup is a potentially bearish reversal signal which occurs and forms during a upwards trend. It's named and called so because it looks like a man hanging and dangling on a noose up high.

How Do You Read Japanese Candlesticks Setups? - How to Interpret Candle Setup Signals

Hanging Man Candle Pattern

Inverted Hammer Candle Sticks Signals

This is a bullish reversal candlesticks setup. It occurs at the bottom of a market trend.

Inverted hammer candles setup occurs at the bottom of a downwards trend & reflects possibility of reversal of the downward trend.

Is Inverted Hammer Candle Pattern Bullish or Bearish

Inverted Hammer Candle Pattern - Gold Candlestick Signals

Shooting Star Candle Sticks Signals

Shooting Star Candle is a bearish reversal candlesticks setup. It forms at the top of a market trend.

Shooting Star candle-sticks setup form at the top of an upwards trend in the market where the opening price is same as the low and price then rallied up but was pushed and forced back downwards to close near the open.

How Do You Read Japanese Candlesticks Patterns?

Shooting Star Candlestick - Gold Candlestick Signals

Piercing Line Candle Sticks Signals

Piercing line candle setup pattern is a long black body followed by long white body candlestick.

The white body pierces the mid-point of the prior black body.

This Piercing Line candle-sticks set-up is a bullish reversal candlesticks setup which forms at the bottom of a market downwards trend. It shows that the market opens lower & closes above the mid-point of the black body.

This Piercing Line candle-sticks setup shows that the force of the downwards trend is reducing/decreasing & the price trend is likely to reverse and move in an upwards direction.

This Piercing Line candle-sticks setup is cited referred to as a piercing line signaling that the market is piercing the bottom illustrating a market floor for the price downward trend.

Piercing Line Candle Patterns Analysis in Chart Explained

Piercing Line Candle Pattern - Gold Candlestick Signals

Dark Cloud Cover Candles Signals

Opposite of piercing candle-stick candlestick.

This candlestick 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 upwards trend.

Dark Cloud Cover candle-sticks setup shows that the market opens higher & closes below the mid-point of the white body.

Dark Cloud Cover candle-sticks setup shows that the force of the upward trend is reducing/decreasing and market trend is likely to reverse & move in a downward trade direction.

Dark Cloud Cover candles set-up is cited referred to as a cloud cover signaling the cloud as a ceiling for the price upwards trend.

What Happens after a Gold Dark Cloud Cover Candles Pattern? - Dark Cloud Cover Trading Candlestick Setups Technical Analysis

Dark Cloud Cover Candle Pattern

Morning Star Candles Signals

How to Trade Morning Star Candle Setup Bearish or Bullish - Is Morning Star Candles Setups Bullish or Bearish

Morning Star Candle Setup - Gold Candlestick Signals

Evening Star Candles Signals

Opposite of morning star candles setup

How to Interpret Japanese Candle Sticks Setups - How Do You Read Japanese Candle Patterns?

Evening Star Candle Pattern - Gold Candlestick Signals

Candles Signals

Engulfing is a reversal candlesticks setup which can be bearish or bullish depending upon whether it appears at the end of a market downward trend or at the end of a market upward trend.

How to Read Japanese Candlesticks Setups

Bullish and Bearish Engulfing Candle Sticks Setups - Gold Candlestick Signals

How Do I Read Japanese Candle Patterns? - Gold Trading Japanese Candlesticks Patterns Illustrated

How Do I Read Japanese Candle Sticks Setups

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