moonchild
VIP Contributor
What Are The Common Candlesticks Patterns II?
Without further ado let's jump right in and continue where we stop from part one.
Morning Star: This pattern is a group of three candles that forms either at a support or a resistance and how you can recognize them is you'll see red candle usually short and a doji and also another green candle that look exactly like the red one.
This pattern also signifies trend exhaustion and you can jump on a sell or buy depending on where it happens, either on Uptrend or Downtrend.
Doji: This pattern is arguably the most known because you can see it anywhere whether in a trend or the end of an Uptrend or a Downtrend, normally how to trade it depends on the context of where it appears when you see it in trends, that means there's an indecision, you should hold on for it to close out which depends on the time frame you're looking at, if it happens on support or resistance you can get ready for an entry, because Doji signifies low volume.
The wick of the candle stick is very long and the body is generally small too, it could be at the top, middle or bottom.
I hope you enjoy these candlesticks patterns, write a feedback.
Without further ado let's jump right in and continue where we stop from part one.
Morning Star: This pattern is a group of three candles that forms either at a support or a resistance and how you can recognize them is you'll see red candle usually short and a doji and also another green candle that look exactly like the red one.
This pattern also signifies trend exhaustion and you can jump on a sell or buy depending on where it happens, either on Uptrend or Downtrend.
Doji: This pattern is arguably the most known because you can see it anywhere whether in a trend or the end of an Uptrend or a Downtrend, normally how to trade it depends on the context of where it appears when you see it in trends, that means there's an indecision, you should hold on for it to close out which depends on the time frame you're looking at, if it happens on support or resistance you can get ready for an entry, because Doji signifies low volume.
The wick of the candle stick is very long and the body is generally small too, it could be at the top, middle or bottom.
I hope you enjoy these candlesticks patterns, write a feedback.
