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Identical Three Crows Candle Pattern Identical Three Crows Candlestick: Important Results Characteristic Discussion Number of candle lines Three. Price trend leading to the pattern Upward. Configuration Look for three tall black candles, the last two opening near the prior candle’s close. Some sources require each candle to be similar in size, but this one […]
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Homing Pigeon Candle Pattern The homing pigeon is an interesting name for a candlestick. This candlestick is an inside day, something that traders using traditional western methods might recognize. However, the identification rules do not mention shadows, so it is possible that some homing pigeons are not inside days at all. Homing Pigeon […]
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High Wave Candle Pattern The high wave candlestick reminds me of the long legged doji candlestick only the high wave is not a doji. Both have tall upper and lower shadows. The high wave candle can be any color, but the long legged doji has no body so it has no color. High […]
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Hanging Man Candle Pattern The hanging man is probably one of the better known candlestick patterns, but it does not work as many expect. Candle theory says it acts as a bearish reversal of the prevailing price trend, but my tests show that it is really a bullish continuation 59% of the time. Of […]
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Inverted Hammer Candle Pattern Years ago when I started learning about candlesticks, I already knew about the hammer, but the inverted hammer escaped my attention. I thought it was a hammer upside down, but it’s not. A hammer is a single candle line in a downtrend, but an inverted hammer is a two line […]
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Hammer Candle Pattern The hammer is another candle pattern that many traders rely on. It is supposed to act as a bullish reversal and testing reveals that it does 60% of the time, placing the reversal rank at 26. That is quite respectable. Once price reverses, though, it does not travel far based on […]
Read MoreBullish Hikkake Candle Pattern The bullish hikkake candlestick pattern resembles a three inside down candle pattern but without the constraints. The bullish hikkake doesn’t require a rising price trend nor is candle color important as they both are in the three inside down candlestick. Bullish Hikkake Candlestick: Important Results The bullish hikkake […]
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Bearish Hikkake Candle Pattern The bearish hikkake candlestick pattern resembles a three inside up candle pattern but without the constraints. The bearish hikkake doesn’t require a falling price trend nor is candle color important as they both are in the three inside up candlestick. Bearish Hikkake Candlestick: Important Results I setup my program […]
Read MoreBulkowski on the Falling Window Candle Pattern The falling window is a fancy name for a price gap in a downward price trend. It occurs when yesterday’s low is above today’s high, leaving a hole on the daily price chart. The pattern appears in a falling price trend, and it acts as a bearish […]
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Falling Three Methods Candle Pattern The falling three methods candles pattern is one of my favorite candlesticks. Why? Because it reminds me of a miniature measured move down chart pattern. That chart pattern sees price drop, recover during the corrective phase, and then the drop resumes. The falling three methods candle pattern accomplishes all […]
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