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Flashcards in Candlestick Patterns Deck (14)
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1

Double Doji (Bearish)

2

Bearish Engulfing

3

4

Three White Knights (Bullish)

Three white soldiers is a candlestick chart pattern in the financial markets. It unfolds across three trading sessions and suggests a strong price reversal from a bear marketto a bull market. The pattern consists of three long candlesticks that trend upward like a staircase; each should open above the previous day's open, ideally in the middle price range of that previous day. Each candlestick should also close progressively upward to establish a new near-term high.[1]

The three white soldiers help to confirm that a bear market has ended and market sentiment has turned positive. In Candlestick Charting Explained, technical analyst Gregory L. Morris says "This type of price action is very bullish and should never be ignored."[2]

5

Grave Stone (Bearish)

6

Hammer

7

8

Evening Star (Bearish)

9

Doji (Bearish)

10

Doji (Bullish)

 

11

Three Black Crows (Bearish)

Three black crows is a term used by stock market analysts to describe a market downturn. It appears on a candlestick chart in the financial markets. It unfolds across three trading sessions, and consists of three long candlesticks that trend downward like a staircase. Each candle should open below the previous day's open, ideally in the middle price range of that previous day. Each candlestick should also close progressively downward to establish a new near-term low. The pattern indicates a strong price reversal from a bull market to a bear market.[1]

The three black crows help to confirm that a bull market has ended and market sentiment has turned negative. In Japanese Candlestick Charting Techniques, technical analyst Steve Nison says "The three black crows would likely be useful for longer-term traders."[2]

12

Double Doji (Bullish)

13

Morning Star (Bullish)

14

Bullish Engulfing