CFD Europe50 Candlestick
Continuation patterns allow you to get a glimpse of a stock’s trend, and thus capitalize on its next move trading with brother pattern strategy what is brother candlestick pattern?
Brother candlestick pattern is continuation small body here is 2 small body candlesticks after price go up brother candlestick means next trend start.
However,sibling candlestick pattern indicate trend reversal what is sibling candlestick pattern.
Continuation small white and black candlestick
this pattern also occur after long body
trend reversal price go down
CFD Europe50 Candlestick
Various definitions of Price Action Trading
Here are some definitions of the frequently used terms in price action trading.
Open
It is the opening price of the market, the first price of a bar (which covers the period of time of the chosen time frame).
Close
This is the last price of the bar. It is also known as closing price.
High
This is the highest price of the market in a particular day bar or candle.
Low
This is the lowest price of a day in the market.
Range bar
A range bar is a bar with no body, i.e. the open and the close are at the same price and therefore there has been no net change over the time period.
This is also known in Japanese Candlestick terminology as a Doji.
Japanese Candlesticks show demand with more precision and only a Doji is a Doji,
whereas a price action trader might consider a bar with a small body to be a range bar.
It is termed ‘range bar’ because the price during the period of the bar moved between a floor (the low) and a ceiling (the high)
and ended more or less where it began.
If one expanded the time frame and looked at the price movement during that bar, it would appear as a range.
Trend bar
There are bull trend bars and bear trend bars, where th e market has actually ended the bar with a net change from the beginning of the bar.
Bull trend bar
In a bull trend bar, the price has trended from the open up to the close.
To be pedantic, it is possible that the price moved up and down several times between the high and the low during the course of the bar.
Bear trend bar
The bear trend bar is the opposite of the bull trend bar.
Trend bars are often referred to for short as bull bars or bear bars.