Welcome to the world of Technical Analysis, the glittering world of the graphs, lines, patterns, and candlestick. There is a good idea before you plunge into the wilderness Technical Analysis, you read the first couple of articles about the basic Technical Analysis, the basic philosophy, weaknesses and shortcomings in the following article.
The Candlestick Formation
This section will I explain about what happened in formation candlestick. Broadly speaking, this formation is divided into three parts namely Bullish candlestick formations, Neutral candlestick formations, and Bearish candlestick formations.
The Bullish Candlestick FormationsThis all is Bullish pattern. Some of them indicate strong bullish pattern. Few simple guidelines, if found in the following formations is likely that there is a bullish trend is imminent.
The Bullish Candlestick FormationsThis all is Bullish pattern. Some of them indicate strong bullish pattern. Few simple guidelines, if found in the following formations is likely that there is a bullish trend is imminent.
 Hammer - You certainly can speculate why they are called hammer. Hammer occurs after a strong trend of decline. If occurs after a sharp strengthening trend is called a hanging man. Shaped like a bullish pattern with the lowest price and the highest price does not have.  Piercing Line –First Candle is a long bear candle followed by a bull who is also a long candle. Bull bear candle candle appears in the bottom but not to bear half of the candle.  Bullish Engulfing Lines - This is a strong bullish pattern and occur after significant downtrends (and usually is a trend back / reverse). Occurred when a small bearish followed by a large bullish.  Morning Star - Pattern as it indicates the price has reached a point lower (support) the potential. The emergence of star (the middle candle) indicates the trend will occur behind when followed bullish on the next candle. Star can be a bull or bear candle candles.  Bullish Doji Star - Star as it shows the character behind the trend is still uncertain. If there is no other supporting indicators that ensure the trend will last, it is advisable to wait and see first.  Long Bearish Candle - Bearish candle occurs when prices open near the highest price and closed near the lowest price.  Hanging Man - There was once a significant uptrend. Consists of two candles with a remote lowest price highest price down without. This pattern is the opposite of Hamer on the bullish candlestick formation.  Dark Cloud Cover - is a bearish pattern. It would be more powerful if the second candle appears in the bottom of the first bullish candle.  Bearish Engulfing Lines - This is a bearish pattern occurs when strong enough after the uptrend and is a reverse pattern. Occurred after a small candle bullish candle followed by a large bearish  Evening Star - Showing that the price had reached a point of his resistance. Star (the middle candle) shows the possibility of going through a bearish trend. Star can be a bear or bull candle candles.  Doji Star - As the bullish doji star, such as doji star is showing bearish trend with a period of uncertainty. Needed reinforcements such as evening star for sure.  Shooting Star - is the trend behind the minor. Star should have the highest price long enough to be able to say shooting star. Neutral Candlestick Formations Candlestick formations do not show uptrend neutral or downtrends. For these circumstances suggested wait and see.  Spinning Tops - It's symmetrical and the distance between the open and close is not too large. There is no certainty what will happen afterwards.  Doji - As the Doji formation bearish nor bullish. This position of uncertainty indicates that the trend will occur and the period.  Double Doji - Now for a model like this double doji that will likely happen is the "breakout" to the place of uncertainty. However, breakout model that will happen remains can not be ascertained from this formation only. Must have other support. Harami - this model indicates a decrease in momentum trend will end soon followed the trend. Consists of candle with the smaller size in the middle of the larger candle before. In the next example marks the end of the bullish trend due to bullish bearish candle followed by smaller ones. Reversal Candlestick Formations Well, this formation for the trend back / reversal.  Long-legged Doji-menunujukkan often turning point. Occurs when the open and closing price is equal to the highest and lowest price is relatively large. Dragonfly Doji - also a turning point. It's just here to show that the lowest price was far greater than the highest price. Gravestone Doji - Open and close and the lowest price is the same. While the highest price rises far. Stars - Now this is the reverse stars. His position was above the previous candle the same kind. As in other formations, this condition indicates a trend reversal may occur. After I spread out so much information, surely the question arises in you: There is so much information, how can I use to be used effectively in trading to? The answer is simple (though not as easily write it here). Frequently used and see reference!! That's it, then you will get used to. My own honest (honest ... J) did not memorize all the information that exists. Only a few that I think is important. And to remember, confirmed only by reading formations often cause false signals. Need stronger support to the existence of other indicators. Another thing, indications are given in candlestick formation is usually just gives an indication of trends within a very short time (no more than 7 candles). It is difficult to determine trends in the long term with candlestick. http://www.belajarforex.com/dasar-analisa-teknikal/the-candlestick-formations.html |
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