Technical Analysis Articles –
The Bearish Three Inside Down pattern occurs during a uptrend. The first two days are a Bearish Harami, where the second candle is contained withing the body of the larger candle. The third, confirming candlestick is black and has a lower close than the second candlestick.
candles are a Bullish Harami, a two day pattern that has a small body day completely contained within vertical range of the previous larger candle’s body.
The Bearish Breakaway pattern is a five candle reversal formation that occurs during an uptrend. The first candle in the formation is long and white. The second candle is also long gaps away from the first in the direction of the trend.
The Bullish Breakaway pattern is a five candle reversal formation that occurs during a downtrend. The first candle in the formation is long and black. The second candle is also long gaps away from the first in the direction of the trend.
The Tri-Star is a three candle reversal pattern, consisting of three consecutive Dojis. The bearish Tri-Star formation occurs after an uptrend. The second Doji candlestick gaps above the first and third. The succession of Dojis reflect indecisiveness in the market.