The Judas candle pattern consists of a large red bearish candle followed by a long bullish white reversal candle with a long lower tail which is approximately equal to the bearish candle in length. It can be a powerful bullish signal when it appears after a downswing or downtrend in price action. This bullish candlestick …
After a decade trading I settled on using candlesticks on my charts. I like how candles visually represent price action and quickly show the contrast of the open, close and daily range. I use them in correlation with my trading system as confirmation and confluence with my existing signals. I was very happy when a …
Own work, CC0, via Wikimedia Commons The three inside up candlestick pattern is a bullish momentum signal on a chart. It is formed when a large bearish candle is followed by a smaller bullish candle that has its range inside the previous bearish candle, then the third candle is bullish and closes above the …
A bearish harami candlestick pattern is created by two candles, first a large bullish candle then next a small bearish candle. The full trading range of the opening and closing prices of the second smaller bearish candle must be completely engulfed inside the body of the first large bullish candle. This formation signals the probability …
The tweezer top candlestick pattern is created by two or more candles with matching highs in price. A tweezer top happens when two candlesticks form back to back or near each other with exactly or almost the same highs. This pattern is more meaningful when it happens near overbought levels or key price resistance on …
The bullish three outside up candlestick pattern is a three three-candle reversal signal that can appear on charts during downtrends in price. It is formed by a bearish candlestick followed by two bullish candles. The three outside up pattern is created by one bearish candlestick first then followed by two bullish candlesticks in sequential order …
The doji star is a neutral signal that occurs when a single candle has opening and closing prices that are close to the same. A single doji star candle alone means that buyers and sellers reached equilibrium during the candle period, ending at almost the same price that it started. When a doji star appears …
The bearish three line strike candlestick pattern is a signal that occurs when a large bullish candle follows three bearish candles during a downtrend in price. It is a four candle pattern where each of the three bearish candles has a lower low and closes near the price range low with small wicks. The fourth …
The gravestone doji candlestick pattern is a three candle pattern. It is created when a big bullish candle is followed by a candle with a long wick that has opening and closing prices in the time frame close to the same and price ends near the low of the time frame. The last candle in …
The morning star candlestick pattern is created by three candlesticks that show a bullish reversal from the lows in price. Morning star patterns generally form in price during a downtrend on a chart. It is a signal for a high probability that a low is in and that price is likely to begin to swing …
