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Candlestick Pattern @the - Bullish - Trader

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434 views29 pages

Candlestick Pattern @the - Bullish - Trader

Uploaded by

mursal.naqshbandi.mn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CANDLESTICK

PATTERN

The Bullish Trader


Candlestick pattern
Designed by

The Bullish Trader


This Candlestick Pattern Book contains all
the classic candlestick pattern. It will help
the traders specially beginners to
understand the chart properly. Wish your
success in trading and investments.

NEVER STOP LEARNING


RULES FOR
TRADING
DON'T JUMP FROM ON
STRATEGY TO ANOTHER.

NEVER TRY TO TRADE


AGAINST THE TREND.
KEEP AWAY YOU EMOTIONS
WHILE TRADING

BACKTEST YOUR SETUP AND


TRADES ONCE A WEEK.

DO NOT RISK MORE


THAN 2% IN A DAY.
MARUBOZU

Morubozu is the name of a Japanese candlesticks


formation used in technical analysis to indicate a
stock has traded strongly in one direction
throughout the session and closed at its high or low
price of the day.

A marubozu candle is represented only by a body; it


has no wicks or shadows extending from the top or
bottom of the candle.
GRAVESTONE DOJI

A gravestone doji is a bearish pattern that


suggests a reversal followed by a downtrend in
the price action.

A gravestone pattern can be used as a sign to take


profits on a bullish position or enter a bearish
trade.
18
DRAGONFLY DOJI

A Dragonfly Doji is a type of candlestick


pattern that can signal a potential reversal in
price to the downside or upside, depending on
past price action.

It's formed when the asset's high, open, and


close prices are the same.
19
DOJI STAR

A Dragonfly Doji is a type of candlestick


pattern that can signal a potential reversal in
price to the downside or upside, depending
on past price action.

It's formed when the asset's high, open, and


close prices are the same.
20
SPINNING TOPS

The Spinning Top Candlestick pattern has a


short body which appears between wicks of equal
length.

It's telling us that the markett is indecisive.


The Bulls and Bears have equal strength.

21
PIERCING LINE

Piercing Pattern is multiple candlestick cahrt pattern that


is formed after a downtrend indicating a bullish reversal.

It is formed by two candle, the first candle being a Bearish


Candle which indicates the continuation of the downtrend.
The second candle open gap down but closes more than 50%
of the real body of the previous candle which shoes that the
bulls are back in the market and bullish
reversal is going to take place.

22
DARK CLOUD COVER

Dark Cloud Cover is multiple candlestick cahrt pattern


that is formed after a uptrend indicating a bearaish
reversal.

It is formed by two candle, the first candle being a Bullish


Candle which indicates the continuation of the uptrend.
The second candle open gap up but closes more than 50%
of the real body of the previous candle which shoes that
the sellers are back in the market and bearish reversal is
going to take place.
23
RISING THREE

Rising Three method is a bullish continuation candlestick


pattern that occures in an uptrend and whose conclusion
sees a resumption otf that trend.

The decisive (fifth) strongly bullish candle is proof that


sellers did not have enough conviction to reverse the prior
uptrend and that buyers have regained control of the
market.

24
FALLING THREE

Falling Three methods is a five-candle bearish pattern that


signifies a continuation of an existing downtrend.

The first candle is long and red followed by three short green
candle with bodies inside ther ange of the first candle. The last
candle is also red and long and it closes below the close of the
first candle. This decisive fifth strongly bearish candle hints that
bulls could not reverset the prior downtrend and that bears have
regained control of the market.

25
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