A rickshaw man doji is also called a long legged doji and is a candlestick pattern that have a tiny body with the open and closing prices almost the same and long wicks/shadows both higher and lower. They are neutral as a standalone candle but can also show turning points when they form at extremes […]
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The bullish three-line strike candlestick pattern is a dip buy signal that occurs when a large bearish candle follows three smaller bullish candles during an uptrend in price. It is a four-candle pattern where each of the three bullish candles has a higher high and higher low and closes near the price range high each
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After a decade trading I settled on using candlesticks on my charts. I like how candles visually represent price action and quickly show the contrast of the open, close and daily range. I use them in correlation with my trading system as confirmation and confluence with my existing signals. I was very happy when a
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The bearish kicker is a two-candle pattern that starts with a large bullish candlestick higher (white or green depending on the charting platform) then a second large bearish candle that gaps lower in price and keeps going to the downside. The bearish candle should have a flat bottom or tiny wick with almost no movement back into the
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Own work, CC0, via Wikimedia Commons The three inside up candlestick pattern is a bullish momentum signal on a chart. It is formed when a large bearish candle is followed by a smaller bullish candle that has its range inside the previous bearish candle, then the third candle is bullish and closes above the
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A bearish harami candlestick pattern is created by two candles, first a large bullish candle then next a small bearish candle. The full trading range of the opening and closing prices of the second smaller bearish candle must be completely engulfed inside the body of the first large bullish candle. This formation signals the probability
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The tweezer top candlestick pattern is created by two or more candles with matching highs in price. A tweezer top happens when two candlesticks form back to back or near each other with exactly or almost the same highs. This pattern is more meaningful when it happens near overbought levels or key price resistance on
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The bullish three outside up candlestick pattern is a three three-candle reversal signal that can appear on charts during downtrends in price. It is formed by a bearish candlestick followed by two bullish candles. The three outside up pattern is created by one bearish candlestick first then followed by two bullish candlesticks in sequential order
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The doji star is a neutral signal that occurs when a single candle has opening and closing prices that are close to the same. A single doji star candle alone means that buyers and sellers reached equilibrium during the candle period, ending at almost the same price that it started. When a doji star appears
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The bearish three line strike candlestick pattern is a signal that occurs when a large bullish candle follows three bearish candles during a downtrend in price. It is a four candle pattern where each of the three bearish candles has a lower low and closes near the price range low with small wicks. The fourth
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