Hi,
Long hang seng here
reader’s message
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Hi Long thanks for the explanation but how do i put it into my trading
regards
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click here
http://candlestick-trading.com/if-open-bar-is-near-previous-bar-low-then-sell-entry-strategy-2/
Some Complex Patterns
Candlestick patterns are of two types.
They are – Simple patterns and complex patterns.
Complex patterns are mainly combination of different simple patterns.
Unlike simple patterns, complex patterns are harder to find in a chart and explain correctly.
Here are some complex patterns that are often seen in candlestick charts.
Long-Legged Doji
This candlestick has long upper and lower shadows with the Doji in the middle of the day’s trading range.
The Doji clearly reflects the indecision of traders.
Long Shadows
It has candlesticks with a long upper shadow and short lower shadow.
This indicates that buyers dominated during the session and bid prices higher. Conversely,
candlesticks with long lower shadows and short upper shadows indicate that sellers dominated during the session and drove prices lower.
Spinning Top
It consists of candlestick lines that have small bodies with upper and lower shadows that exceed the length of the body.
Spinning tops signal indecision.
Stars
A candlestick that gaps away from the previous candlestick is said to be in star position.
Depending on the previous candlestick, the star position candlestick gaps up or down and appears isolated from previous price action.
Piercing Line
This is a bullish two day reversal pattern.
The first day, in a downtrend, is a long black day.
The next day opens at a new low, then closes above the midpoint of the body of the first day.
Rising Three Methods
This is a bullish continuation pattern in which a long white body is followed by three small body days.
Each of them is fully contained within the range of the high and low of the first day.
