Fx-Technique » Candlesticks Technique

Harami Cross

cymoo — Tue, 15 Jun 2010 06:16:54 +0000

Harami Cross is a moderately reliable candlestick pattern which indicate the reversal of existing trend. Harami Crossresembles harami, the only difference is that in Harami Crossthe second day candlestick is a doji. The doji candlestick is completely lies inside the real-body of first day candlestick. Bearish Harami Cross formation occurs at the top of an uptrend and indicate the beginning of a downtrend. This formation includes a long bullish candle on first day followed by a doji on second day.

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Bullish Harami

cymoo — Sun, 30 May 2010 15:41:00 +0000

A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the Bullish Harami is a downtrend of negative-colored candlesticks engulfing a small positive candlestick, giving a sign of a reversal of the downward trend. A long 1st day with high volume in the existing downtrend brings complacency to the bears. The next day trades in a small range within the previous day’s real body. Light volume on the 2nd day should give rise to concern by the bears of an impending change of trend. Look for higher prices over the coming days, especially if the next day provides confirmation of a trend change by closing higher.

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MetaTrader Candlestick Pattern Recognizer

cymoo — Tue, 25 May 2010 17:12:43 +0000

Falling Three Methods – Bearish Pattern

The Falling Three Methods Pattern is a continuation pattern, which shows a temporary break in the trend of prices without causing a reversal. The pattern is characterized by a long black candlestick during a downtrend, which is then followed by small consecutive small bodies that look like a short uptrend. It is better if all the bodies of these three days are white however they can also be of mixed color. These small bodies however must all remain within the high-low range of the first day’s black candlestick. The pattern is completed by a long black candlestick, closing at a new low and showing that bears are finally taking over. The small uptrend between two long black days simply shows a market break. After this temporary break, the downward trend continues.

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Candlesticks Technique

admin — Wed, 08 Oct 2008 14:55:01 +0000

Candlesticks Technique

Part 1 – INTRODUCTION

What are candlesticks?

Candlesticks are graphical representations of market price movements within a specified time period. A candlestick may represent price movement that occurred in the last 5 minutes; 15 minutes; 30 minutes; 1 hour; 4 hours; 1 day; 1 week; or 1 month for example.

Examples of candlesticks :-

There are two types of candles: the bullish pattern candle and the bearish pattern candle. Usually, we use green or white to represent a bullish candlesticks, and red or black to represent a bearish candlesticks.

Bullish candlesticks – Market prices are moving up
Bearish candlesticks – Market prices are moving down

Reading Candlestick Charts

Candlestick charts do not involve any calculations. They simply chart price movements in a given time period. Each candlestick displays four important pieces of information, the opening price, the closing price, the highest price and the lowest price of the time period.

Lets look at the example below :-

Bullish – A white or green body displays the market prices are up.
- Occurs when prices open near the low price and close near the periods high
price.

Bearish – A black or red body indicate that the market prices are down.
- Occurs when prices open near the high price and close near the periods low
price.

Next part we will talk about Bullish Candlestick Formations, Bearish Candlestick Formations and Reversal Candlestick Formations.