Category: Candlestick Patterns

Three Outside Up Candlestick Pattern

Posted By : at 08.09 am

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Three Outside Up is a three candlestick reversal formation.

A bullish Three Outside Up formation occurs in a downtrend and begins with a candle in the direction of the trend. The second candle’s real body engulfs the first days body. The third candle closes higher than the previous day.

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Categories : Candlestick Patterns

Three Inside up Candlestick Pattern

Posted By : at 06.33 pm

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Three inside up is composed of three candlesticks. Following a prevailing downtrend, the first is a large black candle. This is followed by a short white candle that is contained entirely within the real body of the previous big black candle. This suggests some loss of downward price momentum. The third candlestick is a large white candlestick that closes above the highs of the previous two candlesticks, thus confirming a bullish change in trend direction.

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Categories : Candlestick Patterns

Piercing Line Candlestick Pattern

Posted By : at 08.39 am

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Piercing Line Pattern is the opposite of the dark-cloud cover. Occurs within a downtrend. The first candlestick having a black, real body, and the second has a long, white, real body. The white day opens sharply lower, under the low of the prior black day. Then, prices close above the 50% point of the prior day’s black real body.

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Categories : Candlestick Patterns

Morning Star Candlestick Pattern

Posted By : at 05.54 am

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This formation is considered a three day bullish reversal pattern that consists of a long bodied black first day, a short gap down second day, followed by a third long white bodied candle, which closes above the midpoint of the first day.

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Categories : Candlestick Patterns

Ladder Bottom Candlestick Pattern

Posted By : at 06.34 pm

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The Ladder Bottom is a five candle bullish reversal formation. The pattern occurs during a downtrend, with the first three candlesticks are black with successive lower opens and close. The fourth day is a black candle with only an upper wick. The fifth day is a white candlestick that opens above the body of the fourth.

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Categories : Candlestick Patterns

Inverted Hammer Candlestick Pattern

Posted By : at 10.29 am

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Inverted Hammer is not really a star, but does look like a shooting star. When occurring within a downtrend, may be a turning signal. Body color is not critical.

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Categories : Candlestick Patterns

Hammer Candlestick Pattern

Posted By : at 10.52 am

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A Hammer is a candlestick with a long lower shadow and small real body. The shadow should be at least twice the length of the real body, and there should be no or very little upper shadow. The body may be either black or white, but the key is that this candlestick must occur within the context of a downtrend to be considered a hammer.

The market may be hammering out a bottom.

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Categories : Candlestick Patterns

Doji Star Pattern

Posted By : at 07.10 am

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When a doji gaps above a real body in an uptrend, or gaps under a real body in a falling market, that particular doji is called a doji star. Two popular doji stars are the evening star and the morning star.

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Categories : Candlestick Patterns

Bullish Tri Stars Pattern

Posted By : at 05.46 am

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Tri-Star is a three candlestick reversal pattern. All three of the candles are Dojis. The formation occurs in a trend with the middle Doji gapping above or below the first and third candles.The bullish Tri-Star occurs in a downtrend with a series of three dojis. The second doji gaps below the first and the third of the pattern.

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Categories : Candlestick Patterns

Bullish Gravestone Doji

Posted By : at 06.16 am

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This is a doji candle where prices rallied but came back and closed at the level they started the open and close are equal.

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Categories : Candlestick Patterns

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