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Major Candlestick Patterns

Discussion in 'Candlestick Patterns' started by Jonathan, Sep 20, 2015.

  1. Jonathan

    Jonathan Forum Member

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    1. Bullish Marabuzo
    Number of candles: 1
    Description: long green candle which opens near its low, and closes near its high.
    Implications: Bullish


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    2. Bearish Marabuzo
    Number of candles: 1
    Description: long red candle which opens near its high, and closes near its low
    Implications: Bearish

    [​IMG]

    3. Doji
    Number of candles: 1
    Description: candle which closes near where it opened
    Implications: Reversal

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    4. Shooting Star
    Number of candles: 1
    Description: candle which closes near where it opened, at the bottom of the period's range
    Implications: Bearish Reversal (in an uptrend)

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    5. Hammer
    Number of candles: 1
    Description: candle which closes near where it opened, at the top of the period's range
    Implications: Bullish Reversal (in a downtrend)

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    6. Hanging Man
    Number of candles: 1
    Description: candle which closes near where it opened, at the top of the period's range
    Implications: Bearish Reversal (in an uptrend) (only weak effectiveness)

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    7. Inverted Hammer
    Number of candles: 1
    Description: candle which closes near where it opened, at the bottom of the period's range
    Implications: Bullish Reversal (in a downtrend) (only weak effectiveness)

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