Binary.com CANDLESTICK PATTERN Prepared by: Achmad Sugiarto.

Presentasi berjudul: "Binary.com CANDLESTICK PATTERN Prepared by: Achmad Sugiarto."— Transcript presentasi:

1

2 Binary.com CANDLESTICK PATTERN Prepared by: Achmad Sugiarto

3 Abandoned Baby A white candle in an upward price trend followed by a doji whose lower shadow remains above the prior candle's high. The third day is a black candle with an upper shadow below the doji's low.

4 Advance Block Three white days occur. Each successive day opens within the body of the previous day and closes above the previous day. The bodies of the candles get progressively smaller with the upper shadows of day 2 and 3 getting progressively longer.

5 Belt - Hold In Bullish Belt Hold After a stretch of bearish candlesticks, a bullish or white candlestick forms. The opening price, which becomes the low for the day, is significantly lower then the closing price. This results in a long white candlestick with a short upper shadow and no lower shadow. In Bearish Belt Hold, a bearish or black candlestick occurs, the opening price, which becomes the high for the day, is higher than the close of the previous day, resulting in a long black candlestick with a short lower shadow and no upper shadow.

6 Breakaway The breakaway pattern begins with a long candle representing the current trend. The following candle is the same color and it gaps away from that first long candle. While the third day’s candle can be either color, it will not show a change in the current trend. The fourth day continues the trend and therefore continues to produce the same color candles. The fifth day however, reverses the trend. Please note that it only opens slightly the opposite of the current trend and it continues in the same direction to where it then closes in the gap area.

7 Closing Marubozu The closing black marubozu candlestick is a tall black candle with an upper shadow but no lower one. The closing white marubozu candlestick is a tall white candle with an lower shadow but no upper shadow.

8 Counterattack A bearish counterattack is a long white candle in an uptrend, followed by a long black candle. Closing prices of both candles are at the same price level. A bullish counterattack is a long black candle in an downtrend, followed by a long white candle. Closing prices of both candles are at the same price level.

9 Dark Cloud Cover Dark Cloud Cover is a bearish candlestick reversal pattern that occurs when a red bearish candlestick (close price below open price) on day 2 closes below the middle of day 1 bullish candlestick (close price above open price). We will be using this pattern to sell rallies in a bearish currency market.

10 Doji Doji form when a security's open and close are virtually equal. The length of the upper and lower shadows can vary and the resulting candlestick looks like a cross, inverted cross or plus sign.

11 Doji Star A bullish or bearish candle followed by a doji with with a downward or uptrend gap.

12 Dragonfly Doji The Dragonfly Doji is created when the open, high, and close are the same or about the same price (Where the open, high, and close are exactly the same price is quite rare).The most important part of the Dragonfly Doji is the long lower shadow.

13 Engulfing Pattern A chart pattern that consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or 'engulfs' the small white one.

14 Evening Doji Star A Evening Doji Star consists of a long bullish candle, followed by a Doji that has gapped above it, then a third bearish candle that closes well within the body of the first candle and in doing so confirming the reversal. It is considered a strong bearish price reversal candlestick pattern.

15 Evening Star A bearish candlestick pattern consisting of three candles that have demonstrated the following characteristics, the first bar is a large white candlestick located within an uptrend, the middle bar is a small-bodied candle (red or white) that closes above the first white bar, the last bar is a large red candle that opens below the middle candle and closes near the center of the first bar's body.

16 Gravestone Doji The Gravestone Doji is created when the open, low, and close are the same or about the same price (Where the open, low, and close are exactly the same price is quite rare). The most important part of the Gravestone Doji is the long upper shadow.

17 Hammer The Hammer formation is created when the open, high, and close are roughly the same price. Also, there is a long lower shadow, twice the length as the real body.

18 Hanging Man The Hanging Man formation, just like the Hammer, is created when the open, high, and close are roughly the same price. Also, there is a long lower shadow, which should be at least twice the length of the real body.

19 Harami Cross Pattern A trend indicated by a large candlestick followed by a doji that is located within the top and bottom of the candlestick's body. This indicates that the previous trend is about to reverse.

20 High-Wave Candle A candlestick with very long upper and lower shadows and a small real body on a Japanese candlestick chart. It shows that the market is losing its direction bias that it had before this candle appeared.

21 Hikkake Pattern In Bullish Hikkake Pattern After the downward move, the bullish candle reaches above the range of the three preceding candles and most likely triggers a number of stop loss orders. This additional buying leads to a more distinct upward movement. In Bearish Hikkake Pattern After an upward move, the bearish candle reaches below the range of the three preceding, which most likely triggers a number of stop loss orders. This additional selling leads to a more distinct downward move.

22 Homing Pigeon The homing pigeon is a bullish candlestick reversal pattern comprised of two red candlesticks. The first candle is a tall black one that appears in a downward price trend. The second day is also a black candle, but it is smaller and fits inside the body of the first black candle.

23 Identical Three Crows In an uptrend three successive days opens at or near the previous day's close and close down on the day. This pattern is more severe than the Three Black Crows pattern and thus has a higher reliability as a reversal pattern.

24 In-Neck Pattern The Bearish I-Neck Pattern occurs after a downtrend when first day is a long red candle and the second day is a blue day, opening below the low of the first day and closing barely into the body of the first day.

25 Inverted Hammer The Inverted Hammer occurs mainly at the bottom of downtrends when the open, low, and close are roughly the same price. Also, there is a long upper shadow, which should be at least twice the length of the real body.

26 Kicking Kicking patterns on a candlestick chart are formed when there are two marubozu - one white and one black - with a gap between them. Bullish kicking patterns would present as a black or filled candlestick without any wicks (shadows) followed by a gap higher with a white or hollow candlestick that is also without wicks.

27 Kicking – Bull/Bear by longer Marubozu Kicking patterns on a candlestick chart are formed when there are two long marubozu - one white and one black - with a gap between them. Bullish kicking patterns would present as a black or filled candlestick without any wicks (shadows) followed by a gap higher with a white or hollow candlestick that is also without wicks.

28 Ladder Bottom The first three days of the Bullish Ladder Bottom are strong black candlesticks with consecutive lower opens and lower closes. The fourth day is a short black candlestick, but it opens higher and trades higher, leaving a long upper shadow, then closes making a new low. The fifth day is a strong white candlestick that makes a body gap with the fourth day.

29 Ladder Bottom The first three days of the Bullish Ladder Bottom are strong black candlesticks with consecutive lower opens and lower closes. The fourth day is a short black candlestick, but it opens higher and trades higher, leaving a long upper shadow, then closes making a new low. The fifth day is a strong white candlestick that makes a body gap with the fourth day.

30 Long Legged Doji Long-legged doji have long upper and lower shadows that are almost equal in length. These doji reflect a great amount of indecision in the market. Long-legged doji indicate that prices traded well above and below the session's opening level, but closed virtually even with the open. After a whole lot of yelling and screaming, the end result showed little change from the initial open.

31 Long Line Candle A candlestick with a long black body (long line) represents a bearish force in the market. The price of the stock was up and down in a wide range, opening near the high and closing near the low of the day. One with a long white line represents a bullish force in the market. The price of the stock was up and down in a wide range, opening near the low of the day and closing near the high.

32 Marubozu A medium to long bullish or bearish candlestick with the key defining trait being no head or tail shadows.

33 Mat Hold A bullish candlestick pattern that consists of five candles, the first day is a long white day, the second day gaps up and is a black day, the second, third, and fourth days have small real bodies and follow a brief downtrend pattern, but stay within the range of the first day and the fifth day is a long white day that closes above the close of the first day.