Mathematical systems and signs to make money with Online Binary Options

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Patterns of candles: candles types

According to its body and the length of its locks was possible to identify several basic types of candles that allow us to successfully trade options:

Spinning tops

If the candle body is very short and the shadows or top and bottom strands are very long candles are called spinning tops . The length of its shadow is the result of a struggle between buyers and sellers in which no one has won. If this figure is formed after a clear trend, either up or down, may be an indication that the trend will change in no time.

Marubozu

A candle is to be one body, or shadows wickless whatsoever. To be truly a candle can not have anything marubozu shade. This type of candle is usually indicative of continuation of trend and are often taken into account to trade options successfully.

Doji

Such candles have so extremely thin body which is limited to a horizontal line. Are given when the opening price and closing is the same. They may be the first sign of a turnaround, especially after a marubozu and come in four types:

Leggy = if the body is located roughly in the middle of the figure, with a long wick up and one down.

Tombstone = if no lower wick and if a long upper wick

Dragonfly = if no upper wick and if a lower long

Line = when the body is just as small as a line but without wicks.

 


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