Session-revision of candlestick

In this session We Will Cover

~What Is Japanese candlestick patterns?

~ How Japanese Candlestick Works?
~ Why it is Necessary to learn and Understand Japanese candlestick ?
~ Types of Japanese Candlestick Patterns
# Single Line Candlesticks
# Single line pattern Candlestick
# Multiple line patterns candlestick
Learning Japanese Candlestick is like learning a new Language.
Imagine you got a book which is written in a foreign language, you look at the pages but you get nothing
from what is written.

The same thing when it comes to financial markets. If you don't know how to read Japanese Candlestick,
you will never be able to trade the market.

Japanese candlestick are the language of financial markets,if you get the skill of reading charts, you will
understand what the market is telling you, and you will be able make the right decision in the right time.

Candlestick body sizes=

Long Day and Short d
Peoples uses Candlestick Color are=
Red Or Greeen
Red for Bearish
Green for Bullish

Orange or Blue
Orange for Bearish
Blue for Bearish

White and Black

White for Bulls
Black For Bears

These Color Combination Used by Different Traders☝️☝️

To Understand Japanese Candlestick One should Understand About

What trend is going on Market Or Stock??
Uptrend
Sideways
Downtrend
Here the example of Some long Day and Short Day candles☝️☝️

Long Day means In Market Hour Candle open equal to Low and Close equal to High

It Represents Bullishness
 A short Day Candle Doesn't Means to Sell
It's Called Short Day Candle Because of its Small Body
Candlestick On basis of shadows
Upper shadow
Lowe shadow
Both upper and lower shadow

See this pic ☝️☝️

Remember that More is the body More is the Conviction

More is the shadows More is the confusion

Now comes To the Japanese Candlestick Patterns types

1 Single Line Candlestick
2 single Line pattern Candlestick
3 Multiple line patterns candlestick

1. SINGLE LINE CANDLESTICK

LONG DAY
SMALL DAY OR SHORT DAY
MARUBOZU

long day and Small day already discussed☝️☝️

Marubozu 👇

A full marubozu is just a long candlestick with no upper or lower shadow

It cand be Bearish or Bullish

For a Bullish Open and low are at the same price and Close and High are at the same price.

For a bearish Open price and High are at the Same and close and Low are the same.
 One more also a Single line candlestick
Spinning top

Some traders consider as it's a Neutral candle

And some traders trading as it's Potential trend reversal candle

If it is appear at Top of uptrend chances of trend reverseIf it is appear at Top of uptrend chances of
trend reverse

And same if it is appear at the bottom chances of Trend Reversal

Now Type 2
SINGLE LINE PATTERN CANDLESTICKS
Always try to Notice Doji
It's an Important Reversal Patterns

For Any Trend Reversal Pattern

You Should remember that there is perceeding Downtrend or Uptrend

Drogonfly doji appeared in Bankbaroda

Now check It's price

BULLISH HAMMER and INVERTED HAMMER both are Bullish trend reversal
Must be appear on Downtrend
 Inverted HAMMER and Shooting star looks same

But this are different Trend Reversal

Inverted HAMMER Bullish reversal must appear on Downtrend

And shooting star is Bearish Reversal must appear on Uptrend

Hanging Man and Bullish hammer both looks same

But different Trend Reversal Pattern

HANGING man appear at Top

And Bullish hammer Appear At the Bottom of downtrend

Thanks You For Reading so patiently

Today's Session is Over Here
And I Will Again Taking one more to Complete Multiple line Candlestick Patterns
Now Sharing Some Patterns identified by me You Should Do practice And Observations.