Forex Different Candlesticks patterns
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Generally the candle describes the open position, high position, low position and the closed position of a price in the trading. it changes according to the time frames. If we see the image the white candle opens from bottom and moves to upward direction. And the black candle open in top and moves to the downward direction. The candlestick consists of different patterns:-
1. Bullish & Bearish Engulfing Patterns
2. Evening star patterns
3. Evening star doji pattern
4. Morning star pattern
5. Morning star doji pattern
6. Single candle patterns
7. Hammers & Hanging man patterns
8. Shooting star pattern & Spinning tops
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Forex Different Candlesticks patterns.
Quote:
Originally Posted by
roopesh11
[IMG]http://********.cachefly.net/school/images/grade2/candlestick.png[/IMG]
Generally the candle describes the open position, high position, low position and the closed position of a price in the trading. it changes according to the time frames. If we see the image the white candle opens from bottom and moves to upward direction. And the black candle open in top and moves to the downward direction. The candlestick consists of different patterns:-
1. Bullish & Bearish Engulfing Patterns
2. Evening star patterns
3. Evening star doji pattern
4. Morning star pattern
5. Morning star doji pattern
6. Single candle patterns
7. Hammers & Hanging man patterns
8. Shooting star pattern & Spinning tops
Good information you have provide, but lack of images and little bit explanation is still needs. I am explaining the Evening star pattern and will explain other later.
Evening star pattern is a pattern of 3 star for knowing continues trend or change of trend to down side.
Following is a image example of evening star pattern;
Attachment 587
Everyone can see circle is plot as evening star which as one candle towards down next little up and other more down for confirm next 4th candle for confirmation of these pattern.