Japanese
Candlestick Pattern
Highly Profitable Skills for Traders
Japanese Candlestick
Patterns Simplified
PDF Version
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Why Use The Japanese Candlestick?
It’s a proven analysis that’s successfully used hundreds of years
ago in Japan.
Homna, the Rice Merchant, used the candlestick to amass great
wealth and fortune in Japan.
It was said that he had over one hundred winning trades in a row.
His abilities became legendary and were the basis of Candlestick
analysis.
The Japanese Candlestick Analysis continues to enrich traders
who have learned to decipher the story behind every bar.
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WHAT IS A CANDLESTICK?
Acandlestick depicts the battle between Bulls (buyers) and Bears
(sellers) over a given period of time.
Through Japanese Candlesticks, the market signal that shows the
battle between the Bulls (buyers) and the Bears (sellers) over a
certain amount of time.
By knowing how to read candlestick, you will know which direction
the market is heading.
Understanding the Language of the Market
At first glance, you’ll notice two types of candlesticks:
What Stories Are They Telling Us?
The relationship between the open and close is considered vital
information and forms the essence of candlesticks.
Hollow candlesticks, where the close is greater than the open,
indicate buying pressure.
Filled candlesticks, where the close is less than the open, indicate
selling pressure.
Bullish and Bearish Candles
BULLISH Candlestick Patterns
Bullish candlesticks indicate the market is moving in an upward trend.
Knowing this repeating patterns help us anticipate market movements.
Study and remember these patterns well!
Bullish Shooting Star
Bullish Morning Star
Bullish Engulfing Candle
Bullish Piercing Line
Bullish Tweezer Bottom
BEARISH Candlestick Patterns
Bearish candlesticks indicate the market is moving in a
downward trend.
Knowing Bearish candlestick patterns will pre-alert you
when to sell or get out of a long position.
Bearish Shooting Star
Bearish Evening Star
Bearish Engulfing Candle
Bearish Dark Cloud Cover
Bearish Tweezer Top
Candlesticks Are Reliable
Candlesticks help you determine market
movements. There are hollow/light candlesticks,
known as Bullish candlesticks and there are
filled/dark candlesticks, known as Bearish
candlesticks.
Bullish candlesticks mean the markets moving in an
upward trend, indicating buying pressure.
Candlesticks Are Reliable
Bearish candlesticks reveal the market is in a
downward trend and there is high selling pressure.
With enough consecutiveBullish candlesticks and
the right indicators, you can determine that an
upward movement is taking place.
Candlestick Cheat sheet
Candlestick Cheat sheet
Candlestick Patterns Scanner MT4 Indicator
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See You On the Inside
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