Candlestick Analysis

Candlestick analysis focuses on individual candles, pairs or at most triplets, to read signs on where the market is going. The underlying assumption is that all known information is already reflected in the price. The technique is usually combined with support & resistance. Each candle contains information about 4 prices: the high, the low, the open and the close. A candle body reflects the net price movement between open and close while the wicks show reversals that occurred within the timeframe of the candle.

Each candlestick, therefore, provides an easy-to-decipher picture of the price action. The length of the wicks versus the length of the body in combination with whether a candle is bullish or bearish, can be used to determine a signal for the price action to come. Common candlesticks that are used in this analysis are dojis, spinning tops, hammers, engulfing candles, pinbars and inside bars.
aandp4life aandp4life XMRBTC, D, Short ,
XMRBTC: XMR/BTC Short
105 2 6
XMRBTC, D Short
XMR/BTC Short

Daily chart Just hit over sold on Stoch Max divergence, pending reversal on MACD RSI is rolling over Red hanging man at the top of trend Maybe a lil early to the party... Better early and aware at least... Selling down to .02158 Bottom of hanging man wick, which is support zone for May 6th candle(look left on your chart) Then re evaluate there after as ...

goldthorp goldthorp USDJPY, 60, Short ,
USDJPY: Check my UJ trade!
40 1 5
USDJPY, 60 Short
Check my UJ trade!

It broke the series of Higher Lows, going down. I feel that it's now in a downtrend. It retraced to 23.6 before forming a Bearish Engulfing, which leads me to believe it has strong downwards momentum.

TheTradingNinja TheTradingNinja PRO ATVI, 240, Long ,
ATVI: ATVI Hammer Close: 4Hr Chart Rebound
19 1 4
ATVI, 240 Long
ATVI Hammer Close: 4Hr Chart Rebound

Looking for continuation into Friday back to ATH

axel1993 axel1993 GBPJPY, 240,
GBPJPY: basic price action set up
54 0 6
GBPJPY, 240
basic price action set up

Well since the market is making lower highs and lower lows to me that makes it a clear downtrend. Its at a resistance zone that it previously rejected 150 pips from and to top it off it made a bearish engulfing pattern right at the resistance.

jeremyojy jeremyojy AUDUSD, 240, Short ,
AUDUSD: AUDUSD Reversal in play?
42 0 6
AUDUSD, 240 Short
AUDUSD Reversal in play?

Are the bears gonna take over? We have been in a significant down trend since 21-03-17, creating lower highs and lower lows all the way down till 0.73294 area. This is followed by consolidation/corrective structure starting 11 May and it seems like it is ending soon, with a pinbar candlestick at 0.76 retracement (fibs) at a key resistance zone and RSI ...

nathangittens1 nathangittens1 GBPAUD, 60, Long ,
GBPAUD: another entry for gbpaud  day trade
32 0 6
GBPAUD, 60 Long
another entry for gbpaud day trade

looks to be a long see how candle closes if it closes as engulfing ill be balls deep long targeting highs and next zone

Voxtrot Voxtrot NZDUSD, 240, Short ,
NZDUSD: NZD/USD
26 0 6
NZDUSD, 240 Short
NZD/USD

Price has reached an area of resistance on the daily time frame; pin bar formed on the 4H time frame, indicating rejection of further bullish movement; Looking for a sell. Let's see.

CandleSticks CandleSticks USDJPY, D, Long ,
USDJPY: USDJPY LONG IDEA
52 0 5
USDJPY, D Long
USDJPY LONG IDEA

Overall trend is bullish, price has pulled back and now is expected to go up making new hight breaking the upper TL

awill239 awill239 AUDUSD, 60, Short ,
AUDUSD: AUDUSD short
44 0 5
AUDUSD, 60 Short
AUDUSD short

Trendline break & retest off of the 50.0 fib level. Entry right after the bearish engulfing pattern

LiteForex_Official LiteForex_Official AUDUSD, D,
AUDUSD: AUD/USD: general review
35 0 5
AUDUSD, D
AUD/USD: general review

Current trend Yesterday, the pair AUD/USD reached the resistance level of 0.7510, but didn't managed to break through it. Australian dollar lost the advantage gained at the start of the day, ending the day at 0.7466. AUD will be under pressure in mid-term perspective. The reason is news on Moody's Investor Services agency lowering China's long-term index in ...

sumastardon sumastardon PRO AAPL, 30, Short ,
AAPL: APPLE: AAPL Island reversal from top still unfilled = vulnerable
32 0 5
AAPL, 30 Short
APPLE: AAPL Island reversal from top still unfilled = vulnerable

APPLE: AAPL Island reversal from the top has still not been filled - so this stock is still vulnerable to sell offs on each rally for now. The entire formation at the high is is a minefield of pin bars. Leave this stock alone until the technical picture improves

TitoMario TitoMario AUDUSD, D, Short ,
AUDUSD: AUDUSD: POSSIBLE SHORT OPPORTUNITY
28 0 5
AUDUSD, D Short
AUDUSD: POSSIBLE SHORT OPPORTUNITY

Another promising short setup. Yesterday we closed with a Doji candle as sign of the price failing to break that key week level(consolidating price). So the price closed near the open price. Doji candle are power signals too, but have formed on very technical levels. As you can see this is formed on a very key level and saw that all the higher prices were no ...

LorbeerInv LorbeerInv PRO AUDCAD, 240, Long ,
AUDCAD: Upcoming Advanced Price Patter
20 0 5
AUDCAD, 240 Long
Upcoming Advanced Price Patter

AUD/CAD is indicisive for days and such price rebalance pattern preferably appear in this kind of environment. My prefered entry mode is by candlestick pattern on lower tiemframe and I tipically target the 500 retracement of the total pattern.

PanosAngelopoulos PanosAngelopoulos AUDUSD, 240, Long ,
AUDUSD: Long AUDUSD - Bullish Engulfing Pattern 4H
13 0 5
AUDUSD, 240 Long
Long AUDUSD - Bullish Engulfing Pattern 4H

Bullish Engulfing Pattern 4H

ashddylan ashddylan PRO GBPUSD, 240, Long ,
GBPUSD: GBP/USD - Long Idea
33 0 4
GBPUSD, 240 Long
GBP/USD - Long Idea

Very messy price action for GBP/USD but the momentum is still very strong to the upside. if the current candlestick closes like it is now, i'm going long to 1.30745 area. I'll make sure to keep you updated on this one!

asferruzzi asferruzzi PRO AUDUSD, 60,
AUDUSD: AUDUSD may breakout
29 0 4
AUDUSD, 60
AUDUSD may breakout

An inside bar has recently formed on the one hour time frame indicating price is pausing. Volume is also declining adding further confluence that the recent uptrend is pausing and may either continue upwards or reverse. I am biased towards both directions so have placed long and short orders. if price moves in one direction but then reverses quickly, the first ...

colibritrader colibritrader AUDUSD, 240, Long ,
AUDUSD: AUDUSD Long Trade
16 0 4
AUDUSD, 240 Long
AUDUSD Long Trade

Hi guys, I am looking at this potential long AUDUSD setup. There is a bullish engulfing pattern on the 4H chart.

AlexKondratev AlexKondratev GSG, D, Short ,
GSG: SHORT GSG BREAKOUT RETEST FROM 200MA WITN NICE ENGULFING SIGNAL
4 0 4
GSG, D Short
SHORT GSG BREAKOUT RETEST FROM 200MA WITN NICE ENGULFING SIGNAL

ENTER 14.77 STOP 14.90 TARGET 10.74

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