Better-Trading Blog - Candlesticks pattern

These are the candlesticks patterns that I normally used for my trading. 

This page is extension of Better-Trading Blog. No investment/trading advice is intended.

-Gav 

Bearish Patterns

 

 

                     

 Dark Cloud Cover - A bearish reversal pattern that continues the uptrend with a long white body. The next period opens at a new high then closes below the midpoint of the body of the first candle.

 

 Shooting Star- A single day pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish.

 

 

 Evening Doji Star - A three day bearish reversal pattern similar to the Evening Star. The uptrend continues with a large white body. The next day opens higher, trades in a small range, then closes at its open. The next day closes below the midpoint of the body of the first day.

 

Evening Star- A bearish reversal pattern that continues an uptrend with a long white body day followed by a gapped up small body day, then a down close with the close below the midpoint of the first day. 



 

Engulfing Pattern -A reversal pattern that can be bearish or bullish depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's body.

 

Bullish Patterns

Piercing Line - A bullish two period reversal pattern. The first candle, in a downtrend, is a long black day. The next candle opens at a new low, then closes above the midpoint of the body of the first candle.

 Inverted Hammer -A one day bullish reversal pattern. In a downtrend, the open is lower, then it trades higher, but closes near its open, therefore looking like an inverted lollipop.