Candlesticks

Abandoned Baby Candlestick

July 16, 2011 Candlesticks

Abandoned Baby Definition The abandoned baby candlestick formation is a three bar reversal pattern that is similar to the morning and evening star formations and is a very reliable reversal signal when it occurs after a sharp rise or drop.  While it is very similar to the morning star and evening star, it has one [...]

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Three Inside Up – Bullish Reversal Candlestick Pattern

July 3, 2011 Candlesticks

Three Inside Up – Overview The three inside up pattern is a bullish reversal signal. The first candlestick in the formation is a long black (red) candlestick that closes near its low. The second candle gaps away from the previous days close, and closes inside the body of the first candle, creating a harmai. The [...]

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Harami – Candlestick Reversal Pattern

June 24, 2011 Candlesticks

Harami Candlestick Pattern I would like to cover some secondary candlestick patterns that signal a reversal may be at hand. These are not as powerful as the formations we went over in our Candlestick Charts Reversal article; however, they are important nonetheless. This article will focus on the Harami. When the harami pattern appears, it [...]

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Gravestone Doji – Reversal Candlestick

June 24, 2011 Candlesticks

Gravestone Doji – Bearish Reversal Candlestick Gravestone Doji is a candlestick bar where the open, low, and close are at the low of the day. The gravestone doji is a bearish formation and its success rate is greatly increased when the candle forms at a market top. The psychology behind the candle is that the [...]

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Belt Hold Line – Candlestick Reversal Pattern

June 24, 2011 Candlesticks

Belt Hold Line Definition The belt hold line candlestick is basically the white marubozu and black marubozu within the context of a trend. The bullish belt hold candle opens on the low of the day and closes near the high. This candle presents itself in a downtrend and is an early sign that there is [...]

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Concealing Baby Swallow Candlestick Reversal Pattern

June 24, 2011 Candlesticks

Concealing Baby Swallow Candlestick Definition The concealing baby swallow occurs at the end of downtrends and is a bullish reversal signal. The pattern consists of four candlesticks that are all black (red), and is an early sign that the downtrend is deteriorating. Concealing Baby Swallow Candlestick Charting Example The first two days of the concealing [...]

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