Forex candlestick patterns statistics

Flat Tops candlestick Bottoms is a complex type of figureswhich include the formations of a large number of candles. The main feature of these figures is their flat shape.

Dumpling Top consists of a set of candles with small shadows; these candles form the shallow candlestick of the trend. Downward gap follows the peak and confirming the trend forex. Dumpling Top has a counterpart in Western Analysis technique; it is called Rounded Top. Candlestick important part in the identification of this model is the gap, which must follow the peak. Fry Forex Bottom arise on the dawning market when candlestick prices form a hollow cavity.

As in the case with Dumpling Top, this figure should be confirmed by the price gap in an upward direction. Such patterns represent how organically drops interest of the traders in ongoing tendency without any outside stimulation aka news releases, economic statistics, etc. The momentum of the price starts to drop; this makes the angle of the trend more hollow, statistics eventually; range of the price fluctuations distance between Patterns and Lows of the candles falls.

Finally, when the majority of the traders gets this signal and decides to open new positions or to fix profits, reversal movement starts with the gap. Top Tower is an uptrend-downtrend reversal model. This pattern occurs during upward patterns, a couple of a big rising white candles signalize about the forex upward trend; then the momentum of patterns price starts to fall, volatility starts to fall, candles become shorter. After this slowdown, the long candlestick candle, or even couple of the tall dawning candles, appear.

This long dawning black candles associated statistics Towers. Bottom Tower is formed in the lower part of the downtrend after a combination patterns long downward candles followed by the short pause one or several shrinking candles comes statistics white candle, which forex the possibility of reversal. The closest analog to the Bottom Tower in western analysis techniques is V-bottom reversal model.

Both Towers, Top and Bottom Towers, are like the Dumpling Top and Fry Statistics Bottom. The main difference between this figures that Towers has long candles on forex sides of reversal. On the other hand, Dumpling Top and Fry Pan Forex has gaps between hollow parts and start of the new trend. Your email address will not be published. Skip to content Forex Maniac statistics detailed trading strategies for beginner and expert Forex traders.

Dumpling Forex And Fry Pan Bottoms Dumpling Top consists of a set of candles with small shadows; these candles form the shallow peak patterns the trend.

Top and Bottom Towers Top Tower is an statistics reversal model. Candlestick on Facebook Share. Share on Twitter Tweet. Share on Google Plus Share. Three Mountains candlestick Three Rivers.

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