CANDLE STICK PATTERNS
Morning Doji Star: A three day bullish reversal pattern
that is very similar to the Morning Star. The first day is in a downtrend with
a long black body. The next day opens lower with a Doji that has a small
trading range. The last day closes above the midpoint of the first day.
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| MORNING DOJI STAR |
Morning Star: A three day bullish reversal pattern
consisting of three candlesticks - a long-bodied black candle extending the
current downtrend, a short middle candle that gapped down on the open, and a
long-bodied white candle that gapped up on the open and closed above the
midpoint of the body of the first day.
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| MORNING STAR |
Piercing Line: A bullish two day reversal pattern. The
first day, in a downtrend, is a long black day. The next day opens at a new
low, then closes above the midpoint of the body of the first day.
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| PIERCING LINE |
Rising Three Methods: A bullish continuation pattern in
which a long white body is followed by three small body days, each fully
contained within the range of the high and low of the first day. The fifth day
closes at a new high.
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| RISING THREE METHODS |
Shooting Star: A single day pattern that can appear in
an uptrend. It opens higher, trades much higher, then closes near its open. It
looks just like the Inverted Hammer except that it is bearish.
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| SHOOTING STAR |
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