Market Update
Bullish Reversal Patterns
Morning Star
The Morning Star is a three candle bullish reversal pattern that occurs during a downtrend. The first day of the Japanese Candlesticks pattern is part of the downtrend with a long black body. The following day gaps lower and has a small white body. The last day is a white candlestick that closes abo
Morning Doji Star
A three candle bullish reversal pattern. The first candle is in a downtrend with a long black real body. The following candle opens lower and has a small trading range. The last candle in the series is white and closes above the midpoint of the first candle. For a complete printable refer
Bullish Belt Hold
The Bullish Belt Hold Japanese Candlestick pattern begins with a series of bearish candles and is followed with a bullish candle where the opening price remains the low of the day and is significantly lower than the closing price. Consequently the bullish candle has no lower shadow and a long body.
Long White Body
The long white (or green) bodied Japanese Candlestick is a bullish reversal signal, consisting of a single white candlestick. The long white body shows aggressive buying and that the close is significantly above the open.
Three White Soldiers
Three White Soldiers is a three candle bullish reversal formation. This Japanese Candlesticks pattern occurs in a downtrend where three bullish candles occur in succession, each candle has a higher close and each candle opens within the previous candle’s body. Opposite of Three Black Crows Fo
Three Stars in the South
Three Stars in the South is a three candlestick bullish reversal pattern. The pattern occurs in a downtrend, where the first candle is long bodied and black with a long wick. The second day looks similar to the first and has a higher low than the first candle. The third candle is a Marubozu which is
Three Inside Up
The bullish Three Inside Up reversal pattern occurs during a downtrend. The first two candle 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. This formation suggest that the previous trend is co
Double Bottom
The Double Bottom is a reveral chart pattern that occurs when, during a downtrend, the market makes two lows at the same level. The first trough marks the low of the prior downtrend. This low is followed by an advance of typically 10-20%. The price then retraces back to the low where it finds suppor
Inverted Hammer
The Inverted Hammer is Japanese Candlestick pattern that suggests potential trend reversal. In a downtrend, price opens lower, then trades higher, but closes near where it opened. The candlestick has a long upper wick and a small real body. See also: Hammer Candlestick Pattern, Shooting Star Patter
Bullish Matching Low
Matching Low is a two candlestick bullish reversal pattern. The formation occurs in a downtrend with the first day as a long bodied black candle and the second day as a black candle with a close equal to the first candle. For a complete printable reference see also: Japanese Candlesticks PDF Ebook
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