The Bullish Stick Sandwich is a three candle reversal pattern occuring during a downtrend. The first candle is long bodied, black and closes near it’s high. The second candle is white, gaps open higher and closes above the open of the prior candle. The third candle is black, engulfs the second candlestick and closes at … Read more
Bullish Kicking is a two candlestick reversal pattern. The pattern occurs during an downtrend, beginning with a black Marubozu candlestick. The second candlestick gaps above the close of the first and is a white Marubozu.
The bullish Three Inside Up reversal pattern occurs during a downtrend. The first two 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. This formation suggest that the previous trend is coming to an end. The smaller the … Read more
The Tri-Star is a three candle reversal pattern, consisting of three consecutive Dojis. The bullish Tri-Star formation occurs after a downtrend. The second Doji candlestick gaps below the first and third. The succession of Dojis reflect indecisiveness in the market.
Reversal pattern on a Japanese Candlestick chart occuring during a downtrend where a downward gap is followed by another gap higher.
The Meeting Lines Japanese Candlestick formation is a two candlestick reversal pattern. The pattern occurs during a downtrend where a long bodied bearish candlestick is followed by a long bodied bullish candlestick whose body is lower than the first candle with a closing price around the closing price of the first candle.
On a Japanese Candlestick chart, the Bullish Harami Cross is a two day reversal pattern that is the same as the Bullish Harami, except that the second day is a Doji.
The Bullish Engulfing Pattern is a two candlestick reversal pattern that occurs during a downtrend. The first candle is relatively small bodied and black. The second candle in the pattern is white with a body that completely engulfs the real body of the first.
The Piercing Line Pattern is a bullish Japanese Candlestick reversal pattern and the opposite of the Dark Cloud Cover pattern. This formation appears during a downtrend, with the first candle long bodied and bearish (red or black). The following trading day prices open at a new low, but trade higher and close at a level … Read more