Dating guide candlesticks

A Doji has a thin body and is one of the easiest candles to identify.

This type of pattern indicates indecision and the possibility of a change of market trend, but the candle movement that occurred before a Doji must be considered when making such judgement.

This is identified where the black filled body follows a long hollow candle over 2 days.

On most other forex charts; there is just one point of data presented at a particular moment in time.

When you are looking for an informed trading decision, that is not ideal.

When it comes to the popular candlestick pattern however, many traders do tend to rely solely on this credible pattern as it is considered as an extremely reliable trading indicator.

While this type of chart looks far more complicated than a traditional line graph, they are relatively simple to learn with patience, diligence, and practice.

Leave a Reply