A thread on how to identify reversals, dumps, pumps, and moves before they happen from these 10 Bearish/Bullish Candlestick Patterns π§΅(1/14)
Technical Analysis is KEY while day trading, this thread will help you learn when to enter, TP, and soo much more in the simplest way.
Technical Analysis is KEY while day trading, this thread will help you learn when to enter, TP, and soo much more in the simplest way.
Bearish Patterns π»π
- Bearish Engulfing
- Hanging man
- Evening Star
- Grave Stone Doji
- Three Black Crows
Bullish Patterns β π
- Bullish Engulfing
- Hammer
- Upside Tasuki
- Rising Three Methods
- Tower Bottom
- Bearish Engulfing
- Hanging man
- Evening Star
- Grave Stone Doji
- Three Black Crows
Bullish Patterns β π
- Bullish Engulfing
- Hammer
- Upside Tasuki
- Rising Three Methods
- Tower Bottom
1. Bearish Engulfing
- Up candlestick followed by a large down candle that signifies lower prices are coming.
- Prior Uptrend Required
- Up candlestick followed by a large down candle that signifies lower prices are coming.
- Prior Uptrend Required
2. Hanging Man Candle
- Prior Uptrend
- Short Wick with a long shadow
- Shows that selling interest is starting to increase
- Prior Uptrend
- Short Wick with a long shadow
- Shows that selling interest is starting to increase
3. Evening Star
- Consists of 3 candles
- Usually means top is in and short term price action will fall
- Opposite of the morning star
- Consists of 3 candles
- Usually means top is in and short term price action will fall
- Opposite of the morning star
4. Grave Stone Doji
- Long Wick that shows heavy selling after an uptrend
- Whenever you see wicks like this followed by a red candle it is usually very bearish.
- Long Wick that shows heavy selling after an uptrend
- Whenever you see wicks like this followed by a red candle it is usually very bearish.
5. Three Black Crows
- Consists of 3 red candlesticks where they all have lower lows and lower highs
- When I see this I like to short the next pop or find a close support and short once the 5 min candle closes under it.
- Consists of 3 red candlesticks where they all have lower lows and lower highs
- When I see this I like to short the next pop or find a close support and short once the 5 min candle closes under it.
There is 5 of my favorite Bearish Candles, if I am day trading I like to play those on the 5 min. If I am swing trading I play it on the daily.
Now its time to get into the bullish candlestick patterns which are a lot more exciting lol
Now its time to get into the bullish candlestick patterns which are a lot more exciting lol
6. Bullish Engulfing
- Consists of 2 candles
- When a green candle overtakes and goes above a previous red candle after a down trend.
- This can help you to identify that a reversal is coming.
- Consists of 2 candles
- When a green candle overtakes and goes above a previous red candle after a down trend.
- This can help you to identify that a reversal is coming.
7. Hammer
- Prior to a downtrend there is a big drop, but buyers eat it up and create a wick while the candle closes green.
- Usually means buyers are back in control and a bounce is coming.
- Prior to a downtrend there is a big drop, but buyers eat it up and create a wick while the candle closes green.
- Usually means buyers are back in control and a bounce is coming.
8. Upside Tasuki Gap
- Three-bar candlestick formation that signals the continuation of the current uptrend.
- The Upside Tasuki Gap's third candle partially closes the gap between the first two bars.
- Once I see the next candle go above the tasuki is when I like to buy.
- Three-bar candlestick formation that signals the continuation of the current uptrend.
- The Upside Tasuki Gap's third candle partially closes the gap between the first two bars.
- Once I see the next candle go above the tasuki is when I like to buy.
9. Rising Three Methods
- I love this pattern and play it all the time, it usually consists of 5 candles, first (high of first is res), then 3 bodies (creates a flag), and then last one usually shoot's up above res and that is your entry.
- I love this pattern and play it all the time, it usually consists of 5 candles, first (high of first is res), then 3 bodies (creates a flag), and then last one usually shoot's up above res and that is your entry.
10. Tower Bottom
- When a stock finds a big demand zone at a low price after a downtrend and consolidates at that price.
- It then creates higher lows and breaks out of resistance, signaling that a reversal is coming.
- When a stock finds a big demand zone at a low price after a downtrend and consolidates at that price.
- It then creates higher lows and breaks out of resistance, signaling that a reversal is coming.
This thread took me a while to make and I really hope you guys enjoy. I would really appreciate engaging the thread if you enjoy. Also follow me with notis on. Now I am off to do some homework lol! More educational content, trade ideas, amas, and so much more coming. STAY TUNEDβ‘οΈ
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