Candlestick Patterns
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Transcript of Candlestick Patterns
Bearish Reversal Candlestick PatternsBearish Reversal Patterns
Strong Bearish Reversal Patterns
Moderate Bearish Reversal Patterns
Weak Bearish Reversal Patterns
One of the most significant goals of technical analysis is to identify changes in direction of price
action. Because candlesticks give visual insight into what the market is market psychology, one of
the most useful aspects of candlestick analysis is its ability to suggest changes in the sentiment of
the market, and reversals in trend. We call these candle formations Reversal Patterns.
Important to note is that with candlesticks a reversal pattern does not necessarily suggest a
complete reversal in trend, but merely a change or pause in direction. That could mean anything
from a slowdown in trend, sideways trading after an established trend, or a full turnaround following
a reversal candle pattern.
Highly Reliable Bearish Reversal PatternsAbandoned Baby Dark Cloud Cover Evening Doji Star Evening Star
Three Inside Down Three Outside Down
Moderate Reliability Bearish Reversal PatternsAdvance Block Breakaway Candlestick Deliberation Downside Tasuki
Dragonfly Doji Engulfing Meeting Lines
Tri Stars
Gravestone Doji Hanging Man Meeting Lines Non-Fx
Weak Bearish Reversal PatternsBelt Hold Harami Shooting Star Harami Cross
Tweezers Top
Continuation Candlestick PatternsContinuation Patterns
Bearish Continuation Patterns
Bullish Continuation Patterns
Continuation patterns suggest the market will maintain an established trend. Often the direction of
the candlesticks themselves are in the opposite direction of trend in continuance. Continuation
patterns help traders differentiate between a price action that is in full reversal and those merely
taking a pause. Most traders will tell you there is a time to trade and a time to rest. The formation of
continuation candlestick patterns imply consolidation, a time to rest and watch.
Bearish Continuation PatternsFalling Three Methods Downside Tasuki Three Line Strike Side By Side White
Lines
In-NeckOn Neck
Thrusting
Bullish Continuation PatternsRising Three Methods Three Line Strike
Bullish Reversal Candlestick PatternsBullish Reversal Patterns
Strong Bullish Reversal Patterns
Moderate Bullish Reversal Patterns
Weak Bullish Reversal Patterns
One of the most significant goals of technical analysis is to identify changes in direction of price
action. Because candlesticks give visual insight into what the market is market psychology, one of
the most useful aspects of candlestick analysis is its ability to suggest changes in the sentiment of
the market, and reversals in trend. We call these candle formations Reversal Patterns.
Important to note is that with candlesticks a reversal pattern does not necessarily suggest a
complete reversal in trend, but merely a change or pause in direction. That could mean anything
from a slowdown in trend, sideways trading after an established trend, or a full turnaround following
a reversal candle pattern.
Highly Reliable Bullish Reversal PatternsAabandoned Baby Morning Doji Star Three Inside Up Three Outside Up
Three White Soldiers
Moderate Reliability Bullish Reversal PatternsModerate ReliabilityBreakaway Doji Star Dragonfly Doji Engulfing
Hammer Ladder Bottom Morning Star Piercing Line
Three Stars In The South Tri Star
Weak Bullish Reversal PatternsBelt Hold Gravestone Doji Inverted Hammer Tweezers Bottom