Scribd Logo
Upload

Welcome to Scribd!

  • ProfitX Candles

    Uploaded by

    Dickson Makori
    78 views27 pages
    The document discusses candlestick patterns used in technical analysis. It defines candlestick anatomy including open, close, high, low prices and shadows. It then covers single candle patterns like hammers, marubozus, and dojis. Double candle patterns such as engulfing, harami and tweezers are explained. Finally, it briefly outlines triple candle patterns including morning/evening stars and abandoned/three soldiers. It also shows candlestick entry points at the close or 50% retracement with corresponding stop losses.

    Original Description:

    X candles

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses candlestick patterns used in technical analysis. It defines candlestick anatomy including open, close, high, low prices and shadows. It then covers single candle patterns like hammers, marubozus, and dojis. Double candle patterns such as engulfing, harami and tweezers are explained. Finally, it briefly outlines triple candle patterns including morning/evening stars and abandoned/three soldiers. It also shows candlestick entry points at the close or 50% retracement with corresponding stop losses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    78 views27 pages

    ProfitX Candles

    Uploaded by

    Dickson Makori
    The document discusses candlestick patterns used in technical analysis. It defines candlestick anatomy including open, close, high, low prices and shadows. It then covers single candle patterns like hammers, marubozus, and dojis. Double candle patterns such as engulfing, harami and tweezers are explained. Finally, it briefly outlines triple candle patterns including morning/evening stars and abandoned/three soldiers. It also shows candlestick entry points at the close or 50% retracement with corresponding stop losses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 27

    CANDLESTICK ANATOMY

    Highest Price
    Upper
    Closing Price Shadow Opening Price

    Real
    Body
    Opening Price Closing Price
    Lower
    Lowest Price Shadow
    CANDLESTICK BODY SIZES

    Candlesticks have different body sizes:

    Long vs. Short


    CANDLESTICK BODY SIZES

    Long Shadows

    Long Upper
    Shadow
    Long Lower
    Shadow
    INDECISION

    Doji

    highest price

    closing price opening price

    lowest price
    SINGLE CANDLE PATTERNS

    Hammer (Pinbar)
    little to no upper shadow

    closing price
    opening price

    long lower shadow


    SINGLE CANDLE PATTERNS

    Bullish Marubozu
    SINGLE CANDLE PATTERNS

    Dragonfly Doji

    Bullish candlestick

    closing price opening price

    long tail
    SINGLE CANDLE PATTERNS

    Inverted Pinbar
    The shooting star (bearish pin bar)

    long shadow

    opening price
    closing price
    SINGLE CANDLE PATTERNS

    Bearish Marubozu
    SINGLE CANDLE PATTERNS

    Gravestone Doji
    Bearish candlestick

    closing price opening price


    DOUBLE CANDLE PATTERNS

    Bullish Engulfing

    closing price

    smaller body

    opening price
    DOUBLE CANDLE PATTERNS

    Bullish Harami

    mother candle

    smaller candle
    DOUBLE CANDLE PATTERNS

    Tweezer Bottom

    bearish candle bullish candle


    DOUBLE CANDLE PATTERNS

    Bearish Engulfing

    opening price

    smaller body
    closing price
    DOUBLE CANDLE PATTERNS

    Bearish Harami

    mother bar smaller body


    DOUBLE CANDLE PATTERNS

    Tweezer Top

    bullish candle bearish candle


    TRIPLE CANDLE PATTERNS

    Morning Star

    bearish candle
    bullish candle

    bullish or bearish
    candle
    TRIPLE CANDLE PATTERNS

    Bullish Abandoned Baby


    TRIPLE CANDLE PATTERNS

    Three Bullish Soldiers


    TRIPLE CANDLE PATTERNS

    Morning Doji Star


    TRIPLE CANDLE PATTERNS

    Bearish Abandoned Baby


    TRIPLE CANDLE PATTERNS

    Three Bearish Soldiers


    TRIPLE CANDLE PATTERNS

    Evening Doji Star


    TRIPLE CANDLE PATTERNS

    Evening Star

    small candle

    bearish candle
    bullish candle
    CANDLESTICK ENTRIES

    Candle Close 50% Retrace

    Close Entry

    50% Entry

    SL SL
    CANDLESTICK ENTRIES

    Candle Close 50% Retrace


    SL SL

    50% Entry

    Close Entry

    You might also like