Forex Candlestick Language

Do NOT assume the outcome of the current candle.

A candle is not complete until that time period ends.

Common Candle Terms:(Best platrform for trading is xm mt5 For Me )

 Engulfing Bar, Piercing Bar, Dark Cloud Cover, Harami, Thrusting Line. Doji, Star, Hammer, Hangman COG – These have different levels of penetration into the prior bar’s range. 

NR, BT, TT – These are different levels of a slowing in momentum.

Changing of the Guard Bar - COG A Bullish COG is defined as three or more consecutive red bars followed by a green bar. Pristine Tip: While there are different variations, the message is always the same ! A reversal in momentum has occurred!

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Narrowing Range Bars - NRB 

A series of bars in which the difference between the highs and lows is Narrowing

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Pristine Tip: While there are different variations, the message is always the same ! A slowing in momentum is occurring ! earn internet binance mt4

Topping Tail Bars - TT  credit mt5 web

Bars in which prices had been higher, then supply forced prices lower into the lower part of the bars range. Pristine Tip: While there are different variations, the message is always the same ! Distribution has occurred !

Bottoming Tail Bars - BT Bars in which prices had been lower, then demand forced prices higher into the upper part of the bars range. Pristine Tip: While there are different variations, the message is always the same! Accumulation has occurred !

Narrow Range Bodies (NR) Pristine Tip: While there are different variations, the message is always the same ! A slowing in momentum has occurred !

Wide Range Bar (WRB) A bar in which the candle’s body is relatively wide compared to the most recent bars A Wide Range Bar after an extended advance or decline typically happens near the end of a move. A NR or COG signals the turn. 

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