An outside bar pattern is a two candle pattern that has a large candle engulf a previous smaller candle on a chart by both going above and below the previous candle highs and lows. A bullish outside bar candlestick goes lower than the previous candle lows and then closes higher than the previous candle highs. […]
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Bullish price action trading creates chart patterns that show uptrends in a market through the buying pressure by traders and investors creating higher highs and higher lows and breakouts to the upside. A bullish chart pattern is a visual record of the votes by bulls that increase price levels over a period of time. There are different
What does a black candlestick mean on a chart? A black candlestick forms on a chart set for hollow candles where all candlesticks will be set for filled or hollow and will appear as white, red, or black. The black candle forms when price closes lower than it opens but the closing price is still
The star doji is a neutral signal candle signal that has opening and closing prices that are the same price level or very close. A single star doji candle shows that buyers and sellers reached equilibrium during the candle period as the close and open were the same price level. When a star doji appears
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The two crows candlestick pattern is a bearish reversal pattern that appears during uptrends and upswings in price action. It is a three candle pattern that starts with a big bullish candle followed by a second candle that shows a gap up in price action and move higher before reversing and closing lower than the
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The Bullish Tasuki Gap candlestick pattern is a three-candle continuation pattern during an upswing in price that signals the uptrend will continue. The first candle in the pattern is a large bullish white or green candle making a higher high and higher low than the previous candle. The second candle is also bullish and white
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Here is Alton Hill’s 3 bar play reversal pattern for day trading. He believes the best bullish reversal pattern signals for day trading are three bar patterns, he wants the third bar (or candle) in the pattern to close above the highs of the previous two bars. Long entry signal: Candle 1 closes down. Low
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Heikin Ashi candlestick charts are a different variation of traditional Japanese candlesticks. Heikin Ashi candlesticks use the opening and closing price data from the previous period and also the opening-high-low-closing price data from the current period to build a combination candlestick. The Heikin Ashi formula candlestick filters out a lot of the price action noise
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The high wave spinning top candlestick pattern consists of a candle with both a large body and also long wicks above and below sandwiched between small candles both before and after it forms. This candle pattern looks like the combination of a large spinning top and a long legged doji candle put together. The wide
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The Judas candle pattern consists of a large red bearish candle followed by a long bullish white reversal candle with a long lower tail which is approximately equal to the bearish candle in length. It can be a powerful bullish signal when it appears after a downswing or downtrend in price action. This bullish candlestick
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