The Three White Soldiers is a bullish reversal pattern that indicates a strong shift from a downtrend to an uptrend. It consists of three consecutive long bullish candles, each opening within or slightly higher than the previous candle and closing progressively higher. This pattern suggests that the buyers have gained control of the market and are pushing the price higher after a downtrend.
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April 05, 2020
The Three Black Crows is a strong bearish reversal pattern that signals a potential trend change from bullish to bearish. It consists of three consecutive long red (bearish) candles, each opening within the body of the previous candle but closing lower, indicating sustained selling pressure and a shift in market sentiment. This pattern is most reliable when it appears after a prolonged uptrend, suggesting that sellers have gained control.
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April 05, 2020
The Dark Cloud Cover is a bearish reversal pattern that occurs after an uptrend, signaling a potential trend change from bullish to bearish. This pattern is formed by two candles: a bullish candle followed by a bearish candle that opens above the previous candle’s high but closes below the midpoint of the first candle. It suggests that buyers’ momentum is weakening and sellers are beginning to take control.
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April 05, 2020
The Piercing Line is a bullish reversal pattern that appears at the end of a downtrend, signaling a shift from bearish to bullish momentum. It consists of two candles, with the second candle "piercing" into the body of the first candle, indicating that buyers are taking control after a period of selling.
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April 05, 2020
The Three Outside Up is a bullish reversal candlestick pattern that signals a potential trend change from bearish to bullish. It consists of three candles and typically appears at the bottom of a downtrend.
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April 05, 2020
The Three Outside Down is a bearish reversal pattern that signals a potential shift from bullish to bearish momentum. It consists of three candles and typically forms after an uptrend. This pattern is considered a strong confirmation of a trend reversal, as it shows that sellers are taking control after a period of buying pressure.
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April 05, 2020
The Three Inside Up is a bullish reversal candlestick pattern that signals a potential shift from a downtrend to an uptrend. It consists of three candles and appears at the bottom of a downtrend.
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April 05, 2020
The Three Inside Down is a bearish reversal pattern that indicates a potential trend change from bullish to bearish. It consists of three candles and forms within the context of an uptrend. The pattern shows that the bullish momentum is weakening and that sellers may be taking control of the market, signaling a shift towards a downtrend.
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April 05, 2020
The Bullish Spinning Top is a type of Spinning Top candlestick pattern that typically indicates market indecision but suggests that buying pressure is starting to overcome selling pressure, signaling the potential for a bullish reversal or the continuation of an existing uptrend.
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April 05, 2020
The Bearish Spinning Top is a variation of the Spinning Top candlestick pattern that typically indicates market indecision but suggests that selling pressure is starting to overcome buying pressure, signaling the potential for a bearish reversal or the continuation of an existing downtrend.
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April 05, 2020
The Rising Three is a bullish continuation pattern that typically occurs during an uptrend, signaling that the bullish trend is likely to continue. It is made up of five candles: a strong initial bullish candle followed by three small bearish candles (consolidation), and then another large bullish candle that confirms the continuation of the uptrend. The pattern suggests that even though there’s temporary selling pressure, the overall bullish momentum remains strong.
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April 05, 2020
The Falling Three is a bearish continuation pattern that occurs during a downtrend, signaling that the downtrend is likely to continue after a brief period of consolidation. This pattern consists of five candles: a long initial bearish candle, followed by three small bullish candles (indicating a temporary pullback or consolidation), and then another large bearish candle that confirms the continuation of the downtrend.
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April 05, 2020
The Dragonfly Doji is a variation of the Doji pattern and is typically considered a bullish reversal signal. It occurs when the open and close prices are at or near the high of the candlestick, with a long lower shadow. The long lower shadow indicates that the market moved significantly lower during the session, but buyers regained control and pushed the price back up to close near the high, suggesting that the buyers are gaining strength.
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April 05, 2020
The Gravestone Doji is a variation of the Doji candlestick pattern and is typically considered a bearish reversal signal. It occurs when the open and close prices are at or near the low of the candle, with a long upper shadow. The long upper shadow indicates that buyers tried to push the price higher during the trading session, but sellers took control and drove the price back down by the close, leaving the market undecided at the end of the session.
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April 05, 2020
The Long Legged Doji is a variation of the Doji candlestick pattern, and it represents a high level of market indecision. It is characterized by extremely long upper and lower shadows, which indicate that the price moved significantly in both directions during the session. However, the open and close are very close to each other, indicating that the session ended with little net change.
The Long Legged Doji often appears during periods of high volatility and suggests that there is uncertainty in the market, with both buyers and sellers actively fighting for control but neither side gaining a decisive advantage.
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April 05, 2020
The Tri-Star is a rare and powerful candlestick pattern that can indicate a trend reversal in either direction, depending on its formation and the context of the surrounding price action. The Tri-Star pattern consists of three candles, and its interpretation depends on whether it forms after an uptrend or a downtrend.
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April 05, 2020
The Mat Hold is a bullish continuation pattern that occurs in the context of an uptrend. It suggests that a brief consolidation or retracement is taking place, but the overall bullish trend is likely to continue. This pattern consists of a series of candles that show temporary indecision or a pause in the market, but the final candle signals the resumption of the uptrend.
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April 05, 2020
The Long Wicks (also known as Long Shadows) candlestick pattern refers to a type of candlestick where the upper and/or lower wicks (shadows) are significantly longer than the body of the candlestick. These long wicks suggest that the price has moved significantly in one direction but was then rejected and reversed, leading to indecision in the market. The wicks highlight that buying or selling pressure was not strong enough to maintain the price movement, and the price returned to near its opening or closing level.
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April 05, 2020
The Tasuki Gap is a continuation pattern that can either signal a bullish continuation (called a Bullish Tasuki Gap) or a bearish continuation (called a Bearish Tasuki Gap), depending on the trend it follows. The key characteristic of this pattern is a gap that occurs between two candlesticks, followed by a third candlestick that fills part of the gap but does not close completely. It signifies that the prevailing trend is likely to continue after a brief pause.
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April 05, 2020