CANDLE STICK PATTERNS
Spinning Top: Candlestick lines that have small bodies
with upper and lower shadows that exceed the length of the body. Spinning tops
signal indecision.
SPINNING TOP |
Stars: A candlestick that gaps away from the previous
candlestick is said to be in star position. Depending on the previous
candlestick, the star position candlestick gaps up or down and appears isolated
from previous price action.
STARS |
Stick Sandwich : A
bullish reversal pattern with two black bodies surrounding a white body. The
closing prices of the two black bodies must be equal. A support price is
apparent and the opportunity for prices to reverse is quite good.
STICK SANDWICH |
Three Black Crows: A bearish reversal pattern consisting
of three consecutive long black bodies where each day closes at or near its low
and opens within the body of the previous day.
Three White Soldiers: A bullish reversal pattern
consisting of three consecutive long white bodies. Each should open within the
previous body and the close should be near the high of the day.
THREE WHITE SOLDIERS |
Upside Gap Two Crows: A three day bearish pattern that
only happens in an uptrend. The first day is a long white body followed by a
gapped open with the small black body remaining gapped above the first day. The
third day is also a black day whose body is larger than the second day and
engulfs it. The close of the last day is still above the first long white day.
UPSIDE GAP TWO CROWS |
Upside Tasuki Gap: A continuation pattern with a long
white body followed by another white body that has gapped above the first one. The
third day is black and opens within the body of the second day, then closes in
the gap between the first two days, but does not close the gap.
UPSIDE TASUKI GAP |
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