Candlesticks Metals Chart Patterns

Metal Trading Candlesticks Consolidation Pattern and Metal Candlesticks Continuation Pattern

Depending on the size & shape of a Metal candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine the underlying weakness of the buyers and sellers.

Long Body Metal Trading Candles

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

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

Long Blue Candlesticks - Strength of Buyers

Long Red Metals 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 metals price did not move much from the opening metals price to the closing metals price.

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

Short Body Candles

Marubozu Candlestick

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

Marubozu Metal Candlesticks

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

Marubozu Metal Trading Candles

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

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

White Marubozu is a continuation pattern meaning that the next candle is likely to continue in same upwards metals 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 the sellers were in total control of the metals price.

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