What How Forex Rebates Work a K-Chart We briefly learned about c bestforexrebaterateslestick pattern analysis in the last lesson, now we will go deeper and discuss more details Now lets get started What is candlestick trading? When our animated character Godzilla was still a cute little lizard, the Japanese had already created their old version of technical analysis for trading rice, yes, for trading rice, and a westerner named Steve Nison "discovered" it. Steve Nison "discovered" the technical secrets of the "Japanese Candlestick Chart" and learned this unique trading technique from many Japanese brokers. To cut a long story short, without Steve Nissen, Japanese candlesticks would still be an unknown secret. The best way to explain it is to use graphics: candlesticks can be split into different time periods for use, whether its 1 day, 1 hour, 30 minutes, its not a problem candlesticks are used to describe premiumrebateforex fluctuations during a specific period of time ? candlesticks consist of an open, a close, a high and a low within a certain period of time; ? if the close is higher than the open, we call the candlestick a negative line; ? if the close is If the closing price is HowForexRebatesWork than the opening price, we call the candlestick a positive line; ? the hollow part of the candlestick is called the "solid"; ? the thin line on the upper and lower part of the candlestick is called the cashback forex; ? the top of the upper shadow is the "high"; ? the bottom of the lower shadow is the The bottom of the shadow line is the "lowest point" K-line entity and the shadow line. Sexy bodyLike humans have different body types, candle lines also have different typesWhen we use candle lines in forex trading, nothing is more useful than identifying the candle line patternThe longer the candle line, the stronger the buying or selling of the exchange rateThe shorter the candle line, the less strong the buying or selling activity of the exchange rateIn street forex jargon, a bull market means an up market, while a bear market means a down marketLong The longer the positive line shows the strong buying of the exchange rate The longer the positive line, the higher the closing price of the exchange rate is above the opening price This means cashbackforexreview the exchange rate has moved significantly higher since the opening price, and the buyers strength is strong In other words, the markets long forces over the short, and eventually push up the exchange rate The longer the negative line shows the strong selling of the exchange rate The longer the negative line, the lower the closing price of the exchange rate is below the opening price This means that the exchange rate has fallen significantly since the opening price, and the sellers strength is strong In other words In other words, the short side of the market overwhelms the long side and eventually pushes down the exchange rate The mysterious shadow lines of the upper and lower shadows provide traders with important trading clues The upper shadow line shows the session high of the exchange rate, while the lower shadow line shows the session low The candles with long shadows show that trading is active during the session, and trading during the session is well beyond the opening and closing price levels The candles with short shadows show that trading during the session If the candlestick line has a long upper and short lower shadow, it means that the buyers initially pushed the exchange rate higher, but for some reason the sellers re-entered and pushed the exchange rate lower to the opening level If the candlestick line has a long lower and short upper shadow, it means that the sellers initially pushed the exchange rate lower, but for some reason the buyers re-entered and pushed the exchange rate higher to the opening level The basic candlestick pattern of a spindle top showing a long upper shadow, a long lower shadow and a smaller solid candlestick is called a spindle top where the color of the solid part is not so important. Although the closing price of the exchange rate did not change much compared to the opening price, the price experienced significant fluctuations during the session. This usually means that there are few sellers left in the market, and this is likely to be the beginning of a reversal of the market. This is an extremely bullish pattern because it shows that the buyers are in control of the market throughout the trading session. It usually becomes the first part of a bullish continuation pattern or a reversal of a bearish pattern. bearish pattern because it shows that the sellers are in control of the market throughout the trading session. It usually becomes the first part of a bearish continuation pattern or a bearish reversal pattern. The price breaks or falls below the opening price during the session, but ends up at a level very close to the opening price where neither the seller nor the sellers have control over the market, resulting in a draw. GravestoneDoji) and FourPriceDoji. When a doji pattern is formed, special attention needs to be paid to the candle lines that appear immediately after the doji. Many buyers and sellers are watching, and seek shorting opportunities long positive + cross if the cross appears in the long negative (for example, black bald head and bare feet pattern), which shows that the sellers power is exhausted to further suppress the exchange rate lower, need more sellers to intervene, but the market sellers have run out of food they can not afford to push down the exchange rate at this time, the buyer to buy at low levels, a new round of rising market is just around the corner Long Negative + Doji Although the downtrend has stopped due to the lack of new selling, further buying is needed to confirm the reversal We can wait for the white candle to close above the opening price of the long negative candle to establish the reversal of the trend Later, we will learn about specific candle patterns and their meaning Hopefully, by the end of this series of lessons on candles, you will know how to identify candle patterns and Single candlestick patterns look exactly the same as hanging lines, but have completely different meanings based on different price movements in the past. Both have short solids (black or white), long lower shadows and short or non-existent upper shadows. The long lower shadow indicates that sellers are pushing the price lower, but buyers are able to overcome this selling pressure Just because you see a pendulum forming in a downtrend, doesnt mean you should set a buy order right away Before you can set a buy order, you need more signals to confirm the arrival of a bull market An example of a reversal pattern that can be confirmed is to wait until the second candle closes on a pendulum Opening price confirmation criteria: ? Long shadow is two or three times the solid; ? Little or no upper shadow; ? Solid portion is at the upper limit of the trading range; ? Solid color does not matter; ? A hanging line is a bearish reversal pattern that also marks a top or strong resistance position When the price rises and forms an upper hanging line, it indicates that sellers are starting to outnumber buyers Lower shadow shows that sellers are pushing the price at a lower opening price Buyers are able to push This should get our attention because it tells us that there are no extra buyers in the market to provide the necessary momentum for further price increases Confirmation criteria: ? Long lower shadow is about twice or three times the size of the solid; ? Little or no upper shadow; ? Solid is at the upper end of the trading range; ? Color of the candlestick solid is not important, but black solid is a more obvious bearish signal than white solid Inverted Hammerhead and Shooting The only difference between an inverted hammerhead and a shooting star is that an inverted hammerhead occurs in a downtrend, while a shooting star occurs in an uptrend. Both patterns have a small solid portion (negative or positive), a long upper shadow, a small lower shadow or no lower shadow. However, when the seller sees the buyers behavior and says, "Oh, hell," he then tries to push the price back down. Fortunately, the buyer still has enough strength to push the price back down to the opening level. If there are no more sellers in the market, then who will act as sellers? The answer is the previous Buyers Shooting Star, a bearish pattern that looks exactly like an inverted head pattern, but occurs when there has been a sustained rise in price. bearish signal