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The three most common types of charts we use and the most important charts are the candle sticks usedQuote:
Originally Posted by kuya
on each pair and gold and silver and any kind of candle wicked candle pattern combination using traders
and this can be understood and makes the direction of being evil going up and understanding open and closed low.
good luck best regardhttps://indian-forex.com/images/smilies/smile2.gif
well based on my opinion i think wax stick is a pattern on trend and in another for all traders
to get the best profit from the market we just need to trade candle sticks and the more
you stick wax patterns the more you get to understand the direction of the candle stick trend
so very useful based on the analysis
BULLISH HAMMER: This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.
BULLISH BELT HOLD: Bullish Belt Hold is a single candlestick pattern, basically, a White Opening Marubozu that occurs in a downtrend. It opens on the low of the day, and then a rally begins during the day against the overall trend of the market, which eventually stops with a close near the high, leaving a small shadow on top of the candle. If longer bodies characterize the Belt Hold, then the resistance they offer against the trend will be even much stronger.
BULLISH ENGULFING: This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal...........
BULLISH HARAMI: This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”.
BULLISH HARAMI CROSS: This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.
BULLISH INVERTED HAMMER: This pattern consists of a black body followed by an Inverted Hammer that is characterized by a long upper shadow and a small body. It is similar in shape to the Bearish Shooting Star but unlike the Shooting Star, the Inverted Hammer appears in a downtrend and signals a bullish reversal.
BULLISH PIERCING LINE: This is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick.
This is a good and good indicator for traders so this is the best and great for traders
to get more knowledge and experience so that forex is the best and great business in the
world so candle stick is the best way to learn about trading system to gain knowledge and experience.