Selasa, 15 Februari 2011

CANDLESTICK

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Basic candlestick patterns information

Candlestick pattern shown by Red and Green color
Candlestick pattern shown by White and Black color

Candlestick patterns deeply:

Strong Reversal candlestick patterns
Weak Reversal candlestick patterns
Continuation candlestick patterns
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strong reversal candlestick pattern

Hammer
  1. Small real body at the upper trading range.
  2. Color of the body is not important.
  3. Long lower shadow at least twice the length of the body.
  4. Little or no upper shadow.
  5. Previous trend should be bearish.
  6. The shadow more length,it more effect.
  7. should confirm by other indicator or next candle close price lower than this candle close price
Inverted Hammer
  1. Small real body formed near the bottom of the price range.
  2. The upper shadow is no more than two times as long as the body.
  3. The lower shadow is small or nonexistent.
Engulfing
  1. The color of the 1st day's body reflects the trend, however could be a doji.
  2. The 2nd day's real body engulfs the 1st day's body.
  3. The 2nd day's read body don't need engulfs the 1st day's shadow
  4. If 1st day is doji,it will add reversal weight
Piercing Line
  1. 1st day is a long black body.
  2. 2nd day is a white body which opens below the low of the 1st day.
  3. 2nd day closes within, but above the midpoint of the 1st day's body.
Morning Doji Star
  1. 1st day is a long black day.
  2. 2nd day is a doji which gaps below the 1st day's close.
  3. 3rd day is a white day.
Morning Star
  1. 1st day is a long black day.
  2. 2nd day gaps below the 1st day's close.
  3. 3rd day is a long white day.
Bull doji star
  • 1st day is a long black day.
  • 2nd day is a doji day that gaps below the 1st day.
  • The doji shadows shouldn't be excessively long.
ShootStar
  1. Price gap open to the upside.
  2. Small real body formed near the bottom of the price range.
  3. The upper shadow at least three times as long as the body.
  4. The lower shadow is small or nonexistent.
  5. The higher shadow more length,it more effect.
Hang man
  1. Small real body at the upper trading range.
  2. Color of the body is not important.
  3. Long lower shadow at least twice the length of the body.
  4. Little or no upper shadow.
  5. Previous trend should be bullish.
  6. The shadow more length,it more effect.
  7. should confirm by other indicator or next candle close price lower than this candle close price
Engulfing
  1. The color of the 1st day's body reflects the trend, however could be a doji.
  2. The 2nd day's real body engulfs the 1st day's body.
  3. The 2nd day's read body don't need engulfs the 1st day's shadow
  4. If 1st day is doji,it will add reversal weight
Dark Cloud Cover
  1. 1st day is a long white day.
  2. 2nd day is a black day which opens above the 1st day's high.
  3. 2nd day closes within the 1st day, but below the midpoint.
Evening Doji Star
  1. 1st day is a long white day.
  2. 2nd day is a doji which gaps above the 1st day's close.
  3. 3rd day is a black day.
Evening Star
  1. 1st day is a long white day.
  2. 2nd day gaps above the 1st day's close.
  3. 3rd day is a long black day.
Bear doji star
  1. 1st day is a long white day.
  2. 2nd day is a doji day that gaps above the 1st day.
  3. The doji shadows shouldn't be excessively long.

weak reversal candlesticks patterns

Harami
  1. The 1st day is a long black day.
  2. The 2nd day is a short day whose body is engulfed by the 1st day's body.
Harami cross
  1. The 1st day is a long black day.
  2. The 2nd day is a doji day that is engulfed by the 1st day's body.
Meeting lines
  1. 1st day is a long black day.
  2. 2nd day is a long white day and closes at the 1st day's close.
Belt Hold
  1. Long white day where the open is equal to the low.
  2. No lower shadow.
Tweezer bottom
  1. 1st day consists of a long body candle.
  2. 2nd day consists of a short body candle that has a low equal to the prior day's low.
  3. The color of each candle body is not considered in the matching of this pattern.
Harami
  1. The 1st day is a long white day.
  2. The 2nd day is a short day whose body is engulfed by the 1st day's body.
Harami cross
  1. The 1st day is a long white day.
  2. The 2nd day is a doji day that is engulfed by the 1st day's body.
Meeting lines
  1. 1st day is a long white day.
  2. 2nd day is a long black day and closes at the 1st day's close.
Belt Hold
  1. Long black day where the open is equal to the high.
  2. No upper shadow.
Tweezer Top
  1. 1st day consists of a long body candle.
  2. 2nd day consists of a short body candle that has a high equal to the prior day's high.
  3. The color of each candle body is not considered in the matching of this pattern.
Upside Gap Two Crows
  1. 1st day is a long white day.
  2. 2nd day is black and gaps above the 1st day.
  3. 3rd day is black and opens above and engulfs the 2nd day.
  4. 3rd day closes above the close of the 1st day
Three Black Crows
  1. Three consecutive black days with lower closes each day.
  2. Each day opens within the body of the previous day.
Advance Block
  1. Three consecutive white days with higher closes each day.
  2. Each day opens within the previous body.
  3. Each day displays deterioration of the upward move as shown with the long upper shadows on the 2nd and 3rd days.

 

Continuation candlestick pattern

Side_by_Side white
  1. 1st two days are white days with an up gap between the 1st and 2nd day.
  2. 3rd day is a white day about the same size as the 2nd day, opening at about the same price.
Upside Tasuki Gap
  1. 1st two days are white days with an up gap between the 1st and 2nd day.
  2. 3rd day is a black day which opens within the body of the 2nd day and closes within the gap between the 1st and 2nd days.
  3. 3rd day should not fully close the gap.
Rising three methods
  1. 1st day is a long white day.
  2. Three small body candlesticks follow the 1st day. Each trends downward and closes within the range of the 1st day.
  3. The last day is a long white day and closes above the 1st day's close.
Separating Lines
  • 1st day is a long black day.
  • 2nd day is a white day that opens at the opening price of the 1st day.
Upside Gap Three Methods
  1. 1st two day are long white days with a gap between them.
  2. 3rd day is a black day that fills the gap of the 1st two days.
Three Line Strike
  1. 1st three days make up the Three White Soldiers formation.
  2. The last day is a black day that opens above the 3rd day and closes below the 1st day's open.
Mat Hold
  1. 1st day is a long white day.
  2. 2nd day is a black day that gaps above the 1st day.
  3. The next two days are small body days which trend lower and stay within the range of the 1st day.
  4. The last day is a white day which closes above the previous four day's range.
Side_by_Side white
  1. 1st day is a black day.
  2. 2nd day is a white day which gaps below the 1st day's open.
  3. 3rd day is a white day about the same size as the 2nd day, opening at about the same price.
Downside Tasuki Gap
  • 1st two days are black days with a down gap between the 1st and 2nd day.
  • 3rd day is a white day which opens within the body of the 2nd day and closes within the gap between the 1st and 2nd days.
  • 3rd day should not fully close the gap.
Falling three methods
  1. 1st day is a long black day.
  2. Three small body candlesticks follow the 1st day. Each trends upward and closes within the range of the 1st day.
  3. The last day is a long black day and closes below the 1st day's close.
Separating Lines
  1. 1st day is a long white day.
  2. 2nd day is a black day that opens at the opening price of the 1st day.
Downside Gap Three Methods
  1. 1st two day are long black days with a gap between them.
  2. 3rd day is a white day that fills the gap of the 1st two days.
Three Line Strike
  1. 1st three days make up the Three Black Crows formation.
  2. The last day is a white day that opens below the 3rd day and closes above the 1st day's open.
In Neck
  1. 1st day is a long black day.
  2. 2nd day is a white day which opens below the low of the 1st day.
  3. 2nd day closes barely into the body of the 1st day.
On Neck
  1. 1st day is a long black day.
  2. 2nd day is a white day which opens below and closes at the low of the 1st day.
Thrusting
  1. 1st day is a black day.
  2. 2nd day is a white day which opens well below the low of the 1st day.
  3. 2nd day closes well into the body of the 1st day, but below the midpoint.
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