Some Complex candlestick patterns
thread π§΅π§΅π
Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument.
thread π§΅π§΅π
Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument.
Bearish Harami Consists of an unusually large white body followed by a small black body (contained within a large white body). It is considered a bearish pattern when preceded by an uptrend.
Bearish Harami Cross A large white body followed by a Doji. Considered a reversal signal when it appears at the top.
Bearish 3-Method Formation A long black body followed by three small bodies (normally white) and a long black body. The three white bodies are contained within this jedi range of the first black body. This is considered a bearish continuation pattern.
Bullish 3-Method Formation Consists of a long white body followed by three small bodies (normally black) and a long white body. The three black bodies are contained within the range of first white body. This is considered a bullish continuation pattern.
Evening Star Consists of a large white body candlestick followed by a small body candlestick that gaps above the previous. The third is a black body candlestick that closes well within the large white body. It is considered a reversal signal when it appears at the top level.
Morning Doji Star Consists of a large black body candlestick followed by a Doji that occurred below the preceding candlestick. On the following day, a third white body candlestick is formed that closes well into the black body candlestick which appeared before the Doji.
Falling Window A window (gap) is created when the high of the second candlestick is below the low of the preceding candlestick. It is considered that the window should be filled with probable resistance.
Morning Doji Star Consists of a large black body candlestick followed by a Doji that occurred below the preceding candlestick. On the following day, a third white body candlestick is formed that closes well into the black body candlestick which appeared before the Doji.
Three Black Crows Consists of three long black candlesticks with consecutively lower closes. The closing prices are near to or at their lows. When it appears at the top it is considered a top reversal signal.
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