Lingo topic · 44 terms
Charts and candlesticks
Reading price on a chart, candle by candle.
A
B
- Bar ChartA price chart where each period is a vertical line showing the high and low, with small ticks for the open and close.
- Bearish Engulfing PatternA two-candle top pattern where a big down candle completely swallows the body of the previous up candle.
- Bullish Belt HoldA single tall up candle that opens at its low after a decline, hinting buyers have grabbed control.
- Bullish Engulfing PatternA two-candle bottom pattern where a big up candle completely swallows the body of the previous down candle.
C
D
- Daily ChartA chart where each candle or bar represents one full trading day.
- Dark Cloud CoverA two-candle top pattern where a down candle opens above the previous up candle's high and closes below its midpoint.
- DojiA candlestick where the open and close are almost the same, leaving a cross shape that signals indecision.
- Dragonfly DojiA doji with a long lower wick and no upper wick: sellers pushed price down, buyers dragged it all the way back.
E
- Engulfing PatternA two-candle reversal pattern where the second candle's body completely covers the first one's body, in the opposite colour.
- Evening Doji StarA three-candle top pattern: a strong up candle, then a doji, then a strong down candle.
- Evening StarA three-candle reversal pattern at a top: a big up candle, a small candle, then a big down candle.
F
G
H
- HammerA candle with a small body near the top and a long lower wick, appearing after a fall and hinting that buyers are fighting back.
- Hanging ManA hammer-shaped candle that appears after a rise, warning that sellers have started to show up.
- HaramiA two-candle pattern where a small candle sits entirely inside the body of the larger candle before it, hinting momentum is fading.
- Harami CrossA harami where the second, smaller candle is a doji, showing even stronger indecision after a big move.
- Heikin AshiA modified candlestick chart that averages prices to smooth out noise and make trends easier to see.
I
- In NeckA two-candle pattern in a downtrend where a small up candle closes just at or slightly above the previous down candle's close, hinting the fall will continue.
- Inside BarA candle whose entire range sits inside the high and low of the candle before it, showing a pause or squeeze.
- Inverted HammerA candle with a small body near the bottom and a long upper wick, appearing after a fall and hinting buyers are testing higher.
L
M
- MarubozuA candlestick with a big body and no wicks, showing one side bossed the market from open to close.
- Morning StarA three-candle pattern at the bottom of a fall that hints sellers are exhausted and buyers are taking over.
- Multiple Time Frame AnalysisChecking the same market on a longer and a shorter chart timeframe before you trade, so you see the big picture and the detail.
O
P
- ParabolicA price move that steepens faster and faster until the chart is nearly vertical.
- Piercing LineA two-candle bullish reversal where a strong green candle punches back above the middle of the previous red one.
- Price ActionReading and trading the raw movement of price on a chart, with few or no indicators.
R
S
- ShadowThe thin line above or below a candlestick's body, showing the highest and lowest prices reached.
- Shooting StarA bearish reversal candle after a rise: small body near the bottom and a long upper wick.
- Spinning TopA candlestick with a small body and long wicks on both sides, showing indecision between buyers and sellers.
- Stick SandwichA three-candle pattern where two dark candles with matching closes "sandwich" a light one, hinting at a floor.
T
- Technical analysisStudying price charts and patterns to judge where a market might go next, based on how it has moved before.
- Three Black CrowsThree long bearish candles in a row, each closing lower, often seen as a sign that an uptrend has turned down.
- Three White SoldiersThree long bullish candles in a row, each closing higher, often seen as a sign that a downtrend has turned up.
- Tweezer BottomTwo candles with matching lows after a decline, hinting that the market found a floor.
- Tweezer TopTwo candles with matching highs after a rally, hinting that the market hit a ceiling.
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