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Japanese Candlesticks 日本蜡烛图: Page 4 of 7

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Single Candlestick Patterns

Learn how to use single candlestick patterns to identify potential market reversals.

Here are the four basic single Japanese candlestick patterns:

Hammer and Hanging Man

The hammer and hanging man look exactly alike but have totally different meanings depending on past price action. Both have cute little bodies (black or white), long lower shadows, and short or absent upper shadows.

 

Single Candlestick Pattern: Hammer and Hanging Man
Hammer at the end of a downtrend and Hanging Man at the end of an uptrend
The hammeris a bullish reversal pattern that forms during a downtrend. It is named because the market is hammering out a bottom.

 

When price is falling, hammers signal that the bottom is near and price will start rising again. The long lower shadow indicates that sellers pushed prices lower, but buyers were able to overcome this selling pressure and closed near the open.

Just because you see a hammer form in a downtrend doesn’t mean you automatically place a buy order! More bullish confirmation is needed before it’s safe to pull the trigger.

A typical example of confirmation would be to wait for a white candlestick to close above the open to the right side of the hammer.

Recognition Criteria:

  • The long shadow is about two or three times of the real body.
  • Little or no upper shadow.
  • The real body is at the upper end of the trading range.
  • The color of the real body is not important.

The hanging man is a bearish reversal pattern that can also mark a top or strong resistance level. When price is rising, the formation of a hanging man indicates that sellers are beginning to outnumber buyers.

The long lower shadow shows that sellers pushed prices lower during the session. Buyers were able to push the price back up some but only near the open.

This should set off alarms since this tells us that there are no buyers left to provide the necessary momentum to keep raising the price.

Recognition Criteria:

  • A long lower shadow which is about two or three times of the real body.
  • Little or no upper shadow.
  • The real body is at the upper end of the trading range.
  • The color of the body is not important, though a black body is more bearish than a white body.

Inverted Hammer and Shooting Star

The inverted hammer and shooting star also look identical. The only difference between them is whether you’re in a downtrend or uptrend. Both candlesticks have petite little bodies (filled or hollow), long upper shadows, and small or absent lower shadows.

 

Single Candlestick Pattern: Inverted Hammer and Shooting Star
Single Candlestick Pattern: Inverted Hammer at the end of a downtrend and Shooting Star at the end of an uptrend
The inverted hammeroccurs when price has been falling suggests the possibility of a reversal. Its long upper shadow shows that buyers tried to bid the price higher.

 

However, sellers saw what the buyers were doing, said “Oh heck no!” and attempted to push the price back down.

Fortunately, the buyers had eaten enough of their Wheaties for breakfast and still managed to close the session near the open.

Since the sellers weren’t able to close the price any lower, this is a good indication that everybody who wants to sell has already sold. And if there are no more sellers, who is left? Buyers.

The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising. Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom.

This means that buyers attempted to push the price up, but sellers came in and overpowered them. This is a definite bearish sign since there are no more buyers left because they’ve all been murdered.

单蜡烛模式 


       垂头和上吊线看上去一模一样,但基于过去的不同价格走势,其表达的意义完全不同。两者都有较短的实体(黑色或白色),长下影线,短的或不存在的上影线。



       垂头是一个看涨反转形态,通常出现在市场下跌的尾部。

       当价格下跌,垂头表明底部已经临近,价格将开始回升。长下影线表明,卖家推动价格较低,但买家能够克服这种抛售压力。

       仅仅因为你看到在下跌趋势中垂头的形成,并不意味着你就应该随即设定买入订单。在你设定买入订单之前,你需要更多的信号来确定牛市的到来。

       能够确定反转形态到来的例子是:等到第二根蜡烛线收于垂头的开盘价。

       确认标准:

              ★长影是实体的两三倍。

              ★很少或没有上影线。

              ★实体部分在交易范围的上限。

              ★实体颜色并不重要。

       上吊线是一个看跌反转形态,也标志着一个顶级或强阻力位置。当价格上升,形成一个上吊线,表示卖家开始多于买家。

       长下影线显示卖家在较低开盘价格推动价格。买家能够推动价格回涨。

       这应该引起我们的注意,因为它告诉我们,市场上没有多余的买方为价格的进一步上涨提供必要的动能。

       确认标准:

              ★长下影线大约是实体的两倍或三倍。

              ★很少或没有上影线。

              ★实体在交易区间的上限。

              ★蜡烛线实体的颜色并不重要,但黑色实体较白色实体看跌信号更明显。



倒锤头和射击之星

       倒垂头和射击之星也十分类似。唯一的不同在于,倒垂头出现在下降趋势中,而射击之星出现在上升趋势中。两种形态都拥有小的实体部分(阴线或阳线),长的上影线、小的下影线或不存在下影线。



       倒锤头发生在价格下降暗示了逆转的可能性时。它的长上影线显示,买家试图出更高的价格。

       然而,当卖家看到买家的行为,说道:“哦,见鬼。”他随即试图推动价格回落。

       幸运的是,买方仍有足够的气力推动价格回归至开盘时水平。

       有鉴于卖方已没有能力推动价格进一步走低,这明显表明,之前打算卖出的投资者均已经卖出。如果市场上已无更多的卖方,那么谁将充当卖方?答案是之前的买方。

       射击之星是一个看跌形态,看上去和倒垂头形态一模一样,但发生在价格已经出现持续上涨过程中。该形态表明,价格开于低点,随后走高,但最终回撤至底部水平。

       这意味着买方试图推动价格走高,但卖方随之涌现,且力量超过买方。由于市场上不存在更多的买方,这时已发出明确的看跌信号。