In the forex learning this section, you will learn more about the chandelier.
candlestick
chandelier is the name that looks like a chart candlestick. Candlestick consists of a body (body) and tail (shadow) Data analysis using an opening price of the candle (open), ultimate (high), Low (low) and closing (close) .
If the closing price above the opening of the plug generally clear or white if the closing price below the opening of the body of the candle is usually dark line or hitam.Sedangkan which is above the body called the body of the upper shadow color .At white body, upper shadow represents buyers of greed while the body is dark, the upper shadow shows ketakuatn buyer.
line in the body called the lower shadow, the body of the white lower shadow is fear seller, while the lower shadow indicates the black body of greed seller .
candlestick substance used to determine the pressure exerted by the purchaser or the end of the race penjual.Pada kekutan the pressure that will be seen on body length and shade.
long white body shows that from the beginning of the period until the end of the period dominated by the purchaser without any significant resistance from the seller.
long black body shows that from the beginning to the end of the period monitored by the seller without any significant resistance from buyers.
length of the shadow under the body showed that in the beginning dominated sales, but in its way until the end of the period giving buyers the resistance is more powerful the direction opposite price.
length of the shadow above the body showed that in the first buyers dominated the market so the seller takes the most powerful to fight the price can be lowered down and the reverse.
There are 21 types of chandelier that must be known, namely:
Candles 1- 4: Four types of Doji
We call it the "common Doji" because it is so common, usually appearing on the small range negotiation. Doji reflect the price of the center where the power sellers and buyers balanced so can not be used to decide the transaction of sale or purchase.
Long Legged Doji candlestick can say that more spectacular. It is said that the price rose highest decision-profits ensued, so the price to the center. Candlestick like this shows the strength of the weakened market.
Gravestone Doji, among all possible Candlestick Candlestick is most unpleasant. When the price has already reached the peak of its height and could not hold back and closed at the same level.
Dragonfly Doji, the latest form of the doji, when the opening price is the highest price, and then sold off again at open price. Candlestick this experience is rare, and when it happens, prices will tend to rise or bullish
Candles 5-6 :. HAMMER and HANGINGMAN, Signal Recovery or reversal
Hangingman, chandelier is so named because it is perceived as someone who was executed by swinging legs, it always happens after extension of the uptrend. The analogy that traders see the selloff, and hastily took a position, but then they find that they can buy at a price that is much cheaper.
Another hand appeared Hammer on extending the downward trend (bearish). Hammer occurs due to strong selling pressure is often at the opening price, more the market has rebounded and closed near the open price or more.
candles 7-8: bullish engulfing bearish and
bullish engulfing occurs after a downtrend significant. Characterized engulfing candlestick body covers the body before and did not have a shadow or reflection. The existence of these candlestick signals that the strength of selling low start filled by pressure buyers .
A bearish engulfing occur after a significant uptrend. Again, the candlestick body there is no shade or shadows. bearish engulfing reflect this strength buyers weakened and prices sepenuhya controlled sales
Candle 9 :. DARK CLOUD COVER
Here, dark cloud cover occurred after a strong uptrend and a bearish condition has started to fill the market. Dark Cloud signaling vigilant and protect the benefit is due to the short term the price will reverse the direction
Candle 10 :. PIERCING, Reversal potential signal
If the Dark Cloud Cover gives a warning that the uptrend will end soon, otherwise candlestick earlier showed that prices will fall, otherwise Candle Piercing indicate that the downtrend will end / opposite direction, and bullish condition began to fill the market.
Candle 11-12: EVENING STAR MORNING STAR
Evening Star pattern typically occurs in an uptrend underway. Star forward their upward and downward pressures which attract interest, but does not win out. Then comes the third candle with black real body, giving a strong signal that the price will reverse the direction.
Next is a Morning Star candle. The Morning Star candle formation is the opposite of the principle of Evening Star which took place during the downtrend starts with a black candle and the star and the third signal candle reversal is complete.
Candle 13: SHOOTING STAR
Shooting Star Candle can not occur in a market expected increase. And when this candlestick appears will be a warning that the minor uptrend will experience a reversal. The body Shooting Star small upper shadow is long shows that the upward pressure is controlled by the downward pressure
Candle 14 :. REVERSE HAMMER
If Inverted Hammer candlestick we see at first glance seems similar to the Shooting Star. The difference occurs Shooting Star at the end of an uptrend, while the inverted hammer occurs after a significant decline resumed
Candle 15 :. Harami or SPEAKER
When we see Harami candle, we imagine that the first candle as a mother and her child is like a second candle that emerged from his stomach. That's where the name comes Harami or pregnant women. Harami candlestick can occur when a bullish or bearish trend, as appears in an uptrend but it seems that the bulls still control the market, but has good potential as an inversion signal
Candle 16 :. Marubozu
In Japan Marubozu means cut closed designations (cut short) or other shaved head shaved or down. A typical form of candle candlestick body Marubozu long, shows the moment when the market is in a range. And with the short shadow or almost no shadow shows that the price goes up (white candle) and move down (black candle) without a doubt.
Candle 17-18: HIGH WAVE and SPINNING TOP
and High Wave Spinning Top is a chandelier that expresses doubt and confusion. An interesting question about this candlestick, so high and wave top is a reversal of Marubozu? The answer is relative, certainly when it comes Marubozu reflect the buyer and seller agree on the market, it contrasts with the router and high wave that indicates a situation where the buyer and the seller is difficult to find agreement.
Candle 19: THREE BLACK CROWS
Candle Three Black Crows, formations that are rare on the market. And when it was actually swing trader must be vigilant on this candlestick. Three black crows reflects that the seller must control the re-market prices, and may further the price to move down
Candle 20 :. Advancing THREE SOLDIERS WHITE
Couple bullish candle three black crows is known as "three white soldiers, and by theorists see as one of candlestick patterns that give a strong signal to upward or upward.
candle 21: clamps
tweezers, can help the trader to immediately withdraw the benefit of market power. In the experience of candle clamps are rare on the market. But when it happens, they are almost always significant. Grip type according to theories that have both upper and lower tweezers and traders knew him as a double bottom or double top.