Technical Analysis Articles –
On a Japanese Candlestick chart, this bearish reversal pattern occurs during an uptrend. The pattern starts with a large white body candle, the second candle caps higher, trading in a small range, and closing at or near its open, creating a Doji. The black third candle closes below the midpoint of the body of the
Spinning Tops are Japanese Candlesticks that have small bodies with upper and lower shadows/wicks that are longer than the body. Spinning tops reflect uncertainty in the market.
Three Mountains Top is a bearish Japanese Candlestick reversal formation which is comparable to the western Triple Top chart pattern.
Three Line Strike is a four candlestick continuation pattern. The bullish three line strike occurs in an uptrend. The first three candlesticks are made up by the Three White Candlesticks pattern. The final candlestick in the series is a long bodied black candlestick that opens above the third candlestick and close below the first day’s
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 coming to an end. The smaller the