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Japanese Candlesticks 日本蜡烛图: Page 3 of 7

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Basic Japanese Candlestick Patterns

Spinning Tops

Japanese candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops. The color of the real body is not very important.

The pattern indicates the indecision between the buyers and sellers.

 

Forex Candlestick Pattern: Spinning Tops
The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both buyers and sellers were fighting but nobody could gain the upper hand.

 

Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand, and the result was a standoff.

If a spinning top forms during an uptrend, this usually means there aren’t many buyers left and a possible reversal in direction could occur.

If a spinning top forms during a downtrend, this usually means there aren’t many sellers left and a possible reversal in direction could occur.

Marubozu

Sounds like some kind of voodoo magic, huh? “I will cast the evil spell of the Marubozu on you!” Fortunately, that’s not what it means. Marubozu means there are no shadows from the bodies. Depending on whether the candlestick’s body is filled or hollow, the high and low are the same as its open or close. Check out the two types of Marubozus in the picture below.

 

Forex Candlestick Pattern: Marubozu
A White Marubozu contains a long white body with no shadows. The open price equals the low price and the close price equals the high price. This is a very bullish candle as it shows that buyers were in control the entire session. It usually becomes the first part of a bullish continuation or a bullish reversal pattern.

 

A Black Marubozu contains a long black body with no shadows. The open equals the high and the close equals the low. This is a very bearish candle as it shows that sellers controlled the price action the entire session. It usually implies bearish continuation or bearish reversal.

Doji

Doji candlesticks have the same open and close price or at least their bodies are extremely short. A doji should have a very small body that appears as a thin line.

Doji candles suggest indecision or a struggle for turf positioning between buyers and sellers. Prices move above and below the open price during the session, but close at or very near the open price.

Neither buyers nor sellers were able to gain control and the result was essentially a draw.

There are four special types of Doji candlesticks. The length of the upper and lower shadows can vary and the resulting forex candlestick looks like a cross, inverted cross or plus sign. The word “Doji” refers to both the singular and plural form.

 

Forex Candlestick Pattern: Doji
When a Doji forms on your chart, pay special attention to the preceding candlesticks.

 

If a Doji forms after a series of candlesticks with long hollow bodies (like White Marubozus), the Doji signals that the buyers are becoming exhausted and weakening. In order for price to continue rising, more buyers are needed but there aren’t anymore! Sellers are licking their chops and are looking to come in and drive the price back down.

 

Forex Candlestick Pattern: Long White Candle and Doji
If a Doji forms after a series of candlesticks with long filled bodies (like Black Marubozus), the Doji signals that sellers are becoming exhausted and weak. In order for price to continue falling, more sellers are needed but sellers are all tapped out! Buyers are foaming in the mouth for a chance to get in cheap.

 

 

Forex Candlestick Pattern: Long Black Candle and Doji
While the decline is sputtering due to lack of new sellers, further buying strength is required to confirm any reversal. Look for a white candlestick to close above the long black candlestick’s open.

 

In the next following sections, we will take a look at specific Japanese candlestick pattern and what they are telling us. Hopefully, by the end of this lesson on candlesticks, you will know how to recognize different types of forex candlestick patterns and make sound trading decisions based on them.

基本蜡烛图形态



纺锤顶

       拥有长上影线、长下影线和较小实体的蜡烛线称为纺锤顶。实体部分的颜色并不那么重要。

       该形态表明买卖双方之间的 犹豫不决。



       小的实体,不管是阳线还是阴线,均显示汇收盘价和开盘价相比变动不大,而且,影线部分显示出,买卖双方斗争激烈,但没人能够占到上风。

       尽管汇价收盘价和开盘价相比变动不大,但是在时段以内,价格却经历了显著的波动。买方和卖方都难以占到上风,结果就是打成平手。

       如果纺锤顶形态在上升趋势中形成,这通常意味着,市场上尚存的买方不多,运行方向很有可能出现反转。

       如果纺锤顶形态在下跌趋势中形成,这通常意味着,市场上尚存的卖方已所剩无几,而这也很可能就是市场行情反转的开始。


光头光脚形态

       光头光脚意味着蜡烛线不存在上下影线。根据实体部分颜色的不同,光头光脚形态分成以下两种:白色光头光脚和黑色光头光脚。



       白色光头光脚 包含长的白色实体部分,但没有上下影线。开盘价格即为当天最低价,而收盘价则为当天最高价。这是一个极度看涨形态,因为它显示出,在整个交易时段,买方始终控制着整个市场。它通常成为牛市持续形态或反转看多形态的第一部分。

       黑色光头光脚包含长的黑色实体部分,但没有上下影线。开盘价即为当天的最高价,而收盘价则为当天的最低价。这是一个极度看跌形态,因为它显示出,在整个交易时段,卖方始终控制着整个市场。它通常成为熊市持续形态或反转看空形态的第一部分。


十字星

       十字星拥有相同的开收盘价,或者是它们的实体部分极度之短。十字星的身形应该非常小,它看上去就像是一根细线。

       十字星形态意味着市场的犹豫不决,或买方和卖方之间的势均力敌。在时段以内,价格突破或跌破开盘价,但是最终却收在非常接近开盘价的水平。

       卖方或卖方均难以控制整个市场行情,结果就是打成平局。

       十字星有四种特别形态。它们是长脚十字线(Long-legged Doji)、蜻蜓十字线(Dragonfly Doji)、墓碑十字线(Gravestone Doji)以及一字线(Four Price Doji)。



       当十字星形态形成时,需要对紧随出现的蜡烛线保持特别注意。

       如果十字星出现在长阳线(比如说白色光头光脚形态)后,这显示买方力量正趋于枯竭。为进一步推高汇价,需要有更多的买方介入,但市场上却不再有这么多买方。卖方正虎视眈眈,并寻求做空机会。


PS:长阳线+十字星

       如果十字星出现在长阴线(比如说黑色光头光脚形态)后,这显示出卖方力量正在衰竭。为进一步打压汇价走低,需要有更多的卖方介入,但是市场上卖方已经弹尽粮绝他们无力再推低汇价。这时候,买方在低位买进,新一轮上升行情指日可待。


PS:长阴线+十字星

       尽管由于缺乏新的卖盘而导致汇价跌势停止,但仍需要进一步的买盘来证实反转的确立。我们可以等待白色蜡烛线收于长阴线蜡烛线开盘价上方来确立趋势的反转。

       在下一课,我们将学习具体的蜡烛线形态以及它们的意义。希望在蜡烛线本系列课程结束后,你将知道如何识别蜡烛线形态并基于这些知识作出稳定的交易策略。