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This entry is part 1 of 61 in the series Candlestick

The Japanese Candlestick Chart is one of the most important and used charts, that allow us to have more information about the movements of the Prices. As you can easily understand from the name itself, the Candlestick Chart was created in Japan by Munehisa Homma and was used for the firstRead More →

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This entry is part 2 of 61 in the series Candlestick

The Heikin Ashi chart is a variant of the normal Candlestick Chart: is composed by bars that are similar to Candles. Each bar is called “Candle Line” or just Candle. The most important feature of this chart is that can filter out some “noise” in the movements of the Prices, toRead More →

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This entry is part 3 of 61 in the series Candlestick

Abandoned Baby Pattern – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located. Bullish Abandoned Baby – It occurs during a Downtrend; confirmation is not required by the candles that followRead More →

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This entry is part 4 of 61 in the series Candlestick

Above Below The Stomach Pattern – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Above and Below, depending on the Trend in which is located. Above The Stomach – It occurs during a Downtrend; confirmation is required by the candles thatRead More →

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This entry is part 5 of 61 in the series Candlestick

Belt Hold Line Pattern – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located. – The longer the candle is, the more reliable the signal becomes. Bullish Belt Hold Line –Read More →

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This entry is part 6 of 61 in the series Candlestick

Breakaway Pattern – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located. – Is a rare Pattern and not so reliable. Bullish Breakaway Pattern – It occurs during a Downtrend; confirmation isRead More →

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This entry is part 7 of 61 in the series Candlestick

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – Normally it should be a signal of Bearish reversal of the current Trend. – The Pattern is composed by Three White Candles, that gradually have a shorter Real Body. – The Open of the Second andRead More →

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This entry is part 8 of 61 in the series Candlestick

– Normally it should be a signal of reversal of the current Trend. – Is a rare Pattern. – It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is white. – Then there is a Gap Down. – The Second Candle is a Doji Candle.Read More →

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This entry is part 9 of 61 in the series Candlestick

– It could be a signal of reversal or continuation of the current Trend. – Is a rare Pattern. – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The First and Second Candle are both long and black (They are two Marubozu). – The ThirdRead More →

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This entry is part 10 of 61 in the series Candlestick

Counterattack Lines Candlestick – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located. Bullish Counterattack Lines – It occurs during a Downtrend; confirmation is required by the candles that follow theRead More →

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This entry is part 11 of 61 in the series Candlestick

– Normally it should be a signal of reversal of the current Trend. – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The Pattern starts with a long and black Candle, during a downtrend (Due to the Traders that are selling because they are worriedRead More →

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This entry is part 12 of 61 in the series Candlestick

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – Normally it should be a signal of Bearish reversal of the current Trend. – The Pattern is composed by Three White Candles: the First One and the Second One have their Real Body longer than theRead More →

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This entry is part 13 of 61 in the series Candlestick

– Normally it should be a signal of bearish reversal of the current Trend. – It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is white. – The Second Candle is black; it has the Close below the midpoint of the Real Body ofRead More →

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This entry is part 14 of 61 in the series Candlestick

– The opening price (Open of the Candle) and closing price (Close of the Candle) are at the same level, so the Candle does not have a Real body (Or in the case that it has, it is very short). – If a Doji Line appears during a Trend, especially ifRead More →

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This entry is part 15 of 61 in the series Candlestick

– A Dragonfly Doji has only the Lower Shadow, that is very long, and no Upper Shadow; in fact it has as High, both the Opening Price and Closing Price. – If it occurs during a Downtrend, especially if near a Low of the Trend, it means a possible bullish reversal.Read More →

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This entry is part 16 of 61 in the series Candlestick

Doji Star Pattern – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located. Bullish Doji Star Pattern – It occurs during a Downtrend; confirmation is required by the candles thatRead More →

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This entry is part 17 of 61 in the series Candlestick

Gap Three Methods – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Downside and Upside, depending on the Trend in which is located. Downside Gap Three Methods – It occurs during a Downtrend; confirmation is required by the candles that followRead More →

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This entry is part 18 of 61 in the series Candlestick

– Normally it should be a signal of Bearish reversal of the current Trend. – It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The Pattern starts during an Uptrend, then it becomes a “Sideways” Trend (That represents the indecision of the Markets); at the endRead More →

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This entry is part 19 of 61 in the series Candlestick

Let’s analyse now the following Candlestick Pattern: “Downside Tasuki Gap”. Tasuki Gap – Normally it should be a signal of continuation of the current Trend. – You can find it in the variants: Upside and Downside, depending on the Trend in which is located. Downside Tasuki Gap – It occurs during aRead More →

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This entry is part 20 of 61 in the series Candlestick

Engulfing Line – Normally it should be a signal of reversal of the current Trend. – You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located. – Is one of the most reliable Candlestick Pattern; very often is not even required a confirmation from theRead More →