Saturday, 23 February 2019

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The Candlestick

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1. Candle with large real body 
(with short shadows on both sides)

Red candle (candle sense: Bearish)

Small purchases mark the Maximum (2) after the Opening (1), then impose sales marking the Minimum (3), then there is a small upward reaction that marks the closure (4) below the Opening (1) as far away from her.

Green candle (candle sense: Bullish)

Small sales mark the Minimum (2) after the Opening (1), then impose purchases marking the Maximum (3), then there is a small bearish reaction marking the Closing (4) exceeding the Opening (1) as far away from her.

 

2. Candle with small real body
(with short shadows on both sides)

Red candle (candle sense: Bearish)

Small purchases mark the Maximum (2) after the Opening (1), then impose small sales marking the Minimum (3), then there is a small upward reaction that marks the closure (4) below the Opening (1) and a short away from it.

Green candle (candle sense: Bullish)

Small sales mark the Minimum (2) after the Opening (1), then impose small purchases the Maximum (3), then there is a small bearish reaction marking the Closing (4) exceeding the Opening (1) and a short distance from it.

3. Candle "Marubozu" (large real body) (*)

Pure red Marubozu (no shadows) (meaning of the candle: Bearish)

The High (2) occurs in the Opening (1) and the Minimum (3) to the Closing (4). From the time of opening (1) the sales are imposed.

Pure green Marubozu (without shadows) (sense of the candle: Bullish) The Opening (1) marks the Minimum (2) and the Closing (4) marks the Maximum (3). From the moment of the Opening (1) the buys are imposed.

Marubozu of red Opening (lower shadow) (meaning of the candle: Bearish)

The Open (1) marks the Maximum (2), then impose sales marking the Minimum (3) and to the Close (4) there is minimal upward reaction.

Marubozu of red Closing (upper shadow) (meaning of the candle: Bearish)

The purchases mark the Maximum (2) slightly higher than the Opening (1) and then impose sales marking the Minimum (3) and to the Closing (4).

 

Marubozu of green Opening (upper shadow) (meaning of the candle: Bullish)

The Opening (1) mark the Minimum (2), then imposes purchases and mark the maximum (3) and the Closing (4) there is minimal bearish reaction.

 

Marubozu of green Closing (lower shadow) (meaning of the candle: Bullish)

Small sales mark the Minimum (2) slightly below the opening (1) and then purchases imposes the maximum (3) and the Closing (4).

(*) it is named this way to the candle where the opening or the closing coincides with the maximum or the minimum of the candle. In case of matching both, namely how much the maximum as the minimum with the opening and closing, there is no shadow, higher or lower, by what is generated a candle marubozu pure.

Source: Traderpirata.com

Erick Gálvez
Author: Erick GálvezWebsite: http://www.asdforex..comEmail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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ASDForex manager and professional trader since 2008. I am also Aleforex.com manager where you can view the services that I give
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