The three white soldiers is a very bullish chart pattern that is created with candlesticks when there are three big candles formed in a row with higher highs and higher lows in a row. This pattern needs three data points across a timeframe to signal momentum and a high probability that a market will shift in an uptrend from rangebound or a downtrend if that was the price action behavior before this pattern.
The bearish abandoned baby is a three-candle pattern following an upswing in price. It is created by a big bullish up candle, followed by a gap up doji, and then a big bearish candle after a gap down in price.
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 … Read more
The tweezer bottom candlestick pattern is created by two or more candles with matching lower lows. A tweezer bottom happens when two candlesticks form back to back or near each other with the exactly or almost the same lows
The piercing pattern candlestick chart is a two day price action pattern. It is created after one large down black or red candlestick followed by one large up white or green candlestick that opens below the low of the preceding candlestick but closes over halfway up into the previous black bearish body candlestick.
bullish harami is a minimum two candle chart pattern that can signal a downtrend in an chart may be starting to reverse. A bullish harami is commonly formed by a small bullish candle that has a price range inside the previous bearish candle that went lower. This pattern can appear to form during a price range but it has the most meaning when it occurs during a downtrend on a chart.
An engulfing bullish pattern is created when a bearish small black or red body candle happens on a chart and then the following candle has a large bullish white or green candlestick body that has both a higher high and a lower low.
The bullish kicker is a two-candle pattern that starts with a large bearish candlestick lower (black or red) then a second large bullish candle that gaps higher in price. The bullish candle should have a flat bottom or tiny wick with almost no movement back into the price gap. The bullish kicker candlestick pattern doesn’t have to form after a … Read more
A spinning top is a single candlestick pattern that has a body in the middle of two longer wicks. A spinning top chart pattern is a signal that neither buyers or sellers have control of price action in the time frame of the candle. The spinning top candle shows that price ended up closer to … Read more
The doji candlestick is a chart pattern in technical analysis that is usually formed from a small trading range in a time period where both the open and closing price are nearly equal. A doji candlestick usually signals indecision for a direction in a market. A doji is not very significant inside a range bound market … Read more