Forex Candlestick Patterns Cheat Sheet Pdf. In this cheat sheet, we will look at three candlestick patterns: the Outside Down, the Hammer and the Engulfing. A green or white candle that usually has a long body with a big difference between the opening and closing prices.
This works best on shares, indices, commodities, currencies and crypto-currencies. The vertical axis is on the right side of the chart and the horizontal axis is in the bottom direction of the chart. The second one is a small candle with a negligible body and very little wicks.
The body of the second must engulf the body of the first, and must be the opposite colour to the first.
Right-click the image below to download the candlestick patterns cheat sheet pdf.
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It would be best to keep in mind that there is a clear difference between a V-shape wave and a round bottom wave. The inverse cup and handle is the opposite chart pattern, indicating a bearish trend. After reading the previous lesson, you can use the summary below as your reminder to master the different patterns.