21 Name Of Candlestick Which Must be Acknowledge By Trader

Candlestick is one of the tools of technical analysis provides the most accurate information of the many indicators that are owned by traders. Candlestick used in Japan since 1978 and only popular in the western world in the 1990s. Since then Candlestik become the primary tool for traders in analyzing the market to replace the position of bar charts.

There are 21 names that should be known by the candlestick trader. 21 Candlestick was the candlestick pattern that most often appear on the market and can be used in making decisions in trading. Please note that the names of the candlestick was created to help traders identify as early as possible in the market, selling pressure atapun buy all implied in the candlestick.

21 name or candlestick patterns that include the following:

Candles 1-4: Four Types Doji
We call it "Common Doji" because it's so common, usually occurs in small trading range. Doji the middle where the price reflects the strength of the seller and buyer balanced so can not be used to decide the selling or buying transaction.

Long Legged Doji candlestick can be said that more dramastis. It is said that the higher prices rise further there taking profit, so prices go back to the middle. Candlestick like this show a weakening of market forces.
 
Gravestone Doji, among all this candlestick candlestick probably the most unpleasant. Where prices have reached above can not hold altitude and back, and closed at the same level.

Dragonfly Doji, final form of the doji, where the open price is the highest price, sold and then closed again at the open price. The Candlestick is according to experience are rare, and when it happens then the price will tend to rise or bullish.

Candles 5-6: Hammer and Hangman, or Reversal Reversal Signals
Hangman, this candlestick so named because it is seen as someone who was executed with the leg swinging, always occurs after the extension of the trend rise. Analogues that traders see a sell-off, and hastily taking a position but then they discover that they can buy at prices much cheaper.

Other Side of Hammer arise from the extension trending down (downtrend). Hammer is due to strong selling pressure when prices are often at the opening, for subsequent recovery and then markets have closed down close to open price or higher.

Candles 7-8: Bullish and Bearish Engulfing
Bullish Engulfing occurs after a significant downtrend. Engulfing has a characteristic body covering the previous candlestick body and has no shadow or shadows. The existence of this Candlestick signal that the seller started weak force, charged by buyers pressure.

A Bearish Engulfing occurs after a significant uptrend. Once again, there is not the candlestick body shadow or shadows. Bearish Engulfing reflect that strength weakened buyers and sellers full controlled the price. 

source: 21 Candlestick every Trader should know book