candle sticks

Confusing Words in English Language. Free Reading..

Candle Sticks

Candlesticks are graphical representations of price fluctuations for currency pairs.
61. Tri star bullish
A bearish reversal pattern consisting of three consecutive long black bodies where each day closes at or near its low and opens within the body of the previous day.
62. Upside Tasuki gap
A bullish reversal pattern consisting of three consecutive long white bodies. Each should open within the previous body and the close should be near the high of the day
63. White candle
Definition

The pattern is a sequence of three Doji. The occurrence of this pattern is extremely rare so when it occurs it should not be ignored.

Recognition Criteria

1. The market is characterized by a prevailing uptrend.
2. Three consecutive Doji are seen.
3. The second day gaps above the first and the third.

Pattern Requirements and Flexibility

The Bearish Three Star consists of three consecutive Doji in which the second Doji gaps above the two other Doji. It is sufficient that the gap is a body gap. There is no need for a gap between shadows.

Trader

64. White long day
Definition

This pattern is a sequence of three Doji. The occurrence of this pattern is extremely rare so when it occurs it should not be ignored.

Recognition Criteria

1. The market is characterized by a prevailing downtrend.
2. Three consecutive Doji are seen.
3. The second day gaps below the first and the third.

Pattern Requirements and Flexibility

The Bullish Three Star consists of three consecutive Doji in which the second Doji gaps below the other two Doji. It is sufficient that the gap is a body gap. There is no need for a gap between shadows.

Trader

65. Rising Three Methods
A three day bearish pattern that only happens in an uptrend. The first day is a long white body followed by a gapped open with the small black body remaining gapped above the first day. The third day is also a black day whose body is larger than the second day and engulfs it. The close of the last day is still above the first long white day.
66. Piercing Line
A continuation pattern with a long white body followed by another white body that has gapped above the first one. The third day is black and opens within the body of the second day then closes in the gap between the first two days but does not close the gap.
67. Long Legged Doji
Definition

This candlestick implies normal buying pressure and shows that prices advanced during the day from open to close and the buyers were in control.

Recognition Criteria

1. The body of the candlestick is white with normal length.
Candlestick Requirements and Flexibility

The white body of the candlestick should be of average length. The shadows

68. BEARISH LADDER TOP
Definition

This candlestick represents extreme bullishness and is characterized by a long white body having no shadows on either end.

Recognition Criteria

1. The body of the candlestick is white and long.
2. There are no upper or lower shadows.
Candlestick Requirements and Flexibility

The white body of the candlestick should be longer relative to the other candlesticks on the chart. Shadows should not exist.

Trader

69. BULLISH STOP LOSS
Definition
This candlestick has a tiny white body with upper and lower shadows that have a greater length than the body. It is accepted as a type of Doji and will act as a Doji when it appears
Recognition Criteria
1. The body of the candlestick is white and very small.
2. The upper and lower shadows are longer than the body.
Candlestick Requirements and Flexibility
The white body of the candlestick should be very small. The lengths of the shadows should be greater than the length of the body.
Trader
70. BEARISH EVENING STAR
A candlestick that gaps away from the previous candlestick is said to be in star position. Depending on the previous candlestick the star position candlestick gaps up or down and appears isolated from previous price action.


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