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Gold 2 may 2014

Above is a daily chart of the XAU/USD pair for 2 may 2014. My observations: Bullish Engulfing...

Falling Window and Rising Window

Windows are what we refer to as gaps for the Japanese. A Window is a space between the real bodies ...

Kicking Pattern

The previous trend for the Kicking patterns is not important. The gap and the Marubozu are key eleme...

Marubozu Candles

Marubozu candles lack both upper and lower shadows. Marubozu candles show clear opinion. Also call...

Falling Three Method and Rising Three Method

The Three Method patterns look similar to the flag or pennant chart formations. Falling Three M...

Price Gaps

Price gaps are areas on a chart where no trading activity has taken place between the close of a s...

Spinning Top and High Wave

For the Japanese, the real body is the essence of price action and gauges the force of the trend. ...

Descending Hawk and Homing Pigeon

  Similar to the Harami pattern but both real bodies of the candles share the same color. ...

Dumpling Top and Frypan Bottom

The Dumpling Top and Frypan Bottom are powerful candle patterns. The small candles represent a peri...

Piercing Line

The Piercing Line pattern is the opposite of the Dark Cloud Cover. The pattern gives a weaker signa...

Double Bottom and Double Top

The Double Bottom and Double Top are one of the most frequently seen price patterns. Easy to reco...

Abandoned Baby

The Abandoned Baby pattern is a variation of the Evening and Morning star patterns. It's a majo...

Tweezer Candles

Tweezer candles imply that the trend is being pinched. Tweezers can be composed of real bodies, sha...

Bullish Separating Lines

The Bullish Separating Lines is a rare candlestick pattern.  The market makes a short pullback befo...

Identical Three Crows

The expression depicts a group of crows perching at the top of a high tree. Identical Three Crows s...