Continuation Candlestick II

In this part we will continue with the Candlesticks, then the bearish patterns of candless, On Neck, Thrusting. After which we will continuation candlestick of bullish patterns.

On Neck



In this training with a bearish candle that continues the downward trend. The second candle opens below the closing price of the first candle, but the price does not close above the previous day within the first body of the above. This suggests that the rally that occurs in the second candle, when the market is in decline, this rally shows a momentary stop, yet the market is still continuing the bearish trend and it is possible that in the following falling candles. So this is a stronger signal that occurs in In Neck.

Characteristics

• The first candle will be a long bearish candle.


• The second candle is a candle bullish, below the opening of the first candle and closed by little in the body of the first candle.

Thrusting



The pattern Thrusting begins with a bearish candle which continues the trend. The second candle shows a rise which closes in the body of the first candle, candle but can not exceed half the body of the first candle.

This pattern shows that the sellers were not weakened by the bullish rally of the second candle and how far sales positions have covered their positions by allowing prices increase slightly. Due to lack of strength exhibited by the buyers, so buyers discouraged to open positions more buyers, and therefore this lack of strength that allows the continued downward trend.

Because this pattern is so weak, traders wait for confirmation on the following candles.

The pattern Thrusting is very similar, but weaker than the bearish Harami and Engulfing baijsta. As the second candle of Thrusting closes below half of the body of the previous candle, while the touch Harami and closed over half of the body, the Engulfing closes above the opening price of the first candle. Thrusting the formation, In Neck and On Neck are very similar.

Characteristics

• In a bearish trend, the first candle of the training will be a continuing downward trend.


• The second candle is a candle which closed upward under half of the body of the first candle.

Then we will Continuation Patterns in bullish patterns.

Bullish Patterns

Rising Three Methods



This patterns appears in an uptrend, at which the market is on a break and then continue the trend .. This break in the trend can be seen in a number of small candles which are within a range after a strong movement in the first candle.

One possible explanation for this patterns is that the market is digesting the big move in the first candle. These small ranges up to a significant economic data or report. These periods of calm and a small range of Trading in the common market. Rising Three Methods This pattern is confirmed if there is a bullish candle that leads prices continuing to set new trends.

Number of Candles Intermediate: In a perfect training the number of candle would be three. But in reality this number may vary and may take two, four or even five candles. The candles can be an intermediate or a Doji star, bearish or bullish.

Shadows of Intermediate Candles:
We should note that the shadows of the candles are within the intermediate range of minimum and maximum of the first candle in this way to have a strong signal below. Rising Three Methods in this is important for the least reached, since if a shadow is traded below the minimum of the first candle, that will make us doubt about the possible continuation of the uptrend.

Characteristics

• In an uptrend, first appear a bullish candle.


• The second, third and fourth candle will be small candles falling within the range of the first candle.


• The fifth candle continuing the upward trend which set new peaks.

Three Lines Strikes



As long as the trend is an upward trend established, traders will see this training as a sign that the uptrend may still continue.

The first three candles indicate a clear upward movement. Until the third candle we can see the Three White Soldiers training which is a strong bullish signal. The rally that we see in the fourth candle which again andalusia low opening price of training which indicates that some sellers have decided to close their positions in purchasing, but if it is not a sign of trend change.

Because this weak training, many traders look for confirmation in the next candle should be bullish.

Clearly explain the Three White Soldiers, and such training is in training Strikes Three Line upward. Saying that while pattern Soldiers Three White has a connotation bullish, if found in a bearish trend may indicate a change.

Characteristics

• After an upward trend followed by three candles which continue the movement upward, each candle closing above the previous candle (which make up the pattern Three White Soldiers).


• The fourth candle is a bearish candle which close near the price of the open of the first candle.