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Bulkowski’s Event Pattern Resource Event patterns are price patterns caused by significant events that affect securities. Events such as earnings releases, Dutch auction tender offers, stock broker rating upgrades and downgrades, I call event patterns. This page serves as the gateway to examining those patterns and how to trade them. Latest Releases Event patterns have […]
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Evening Star Candle Pattern The evening star is cousin to the evening doji star, but I’ll guess you already knew that. The difference is in the star, which is the middle candle of the three candle pattern. The evening star sounds like the name of a newspaper, doesn’t it? Evening Star: Important Results […]
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Downside Tasuki Gap Candle Pattern The downside Tasuki gap is supposed to be a bearish continuation pattern, but testing shows that it acts as a bullish reversal, ranking 47th out of 103 candle patterns. That is, of course, mid list. The frequency rank is 68 which suggests you will not find one of these […]
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Downside Gap Three Methods Candle Pattern The downside gap three methods candlestick behaves in theory (as a bearish continuation) differently from reality (it is a bullish reversal). The overall performance after the breakout is quite good, but with a frequency rank of 84 out of 103 candle patterns, where 1 is most popular, it […]
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Evening Doji Star Candle Pattern The evening doji star is one of the better performing candlestick patterns. It has a high reversal rate, ranking 12th, and the performance over time is respectable, too, but not outstanding. A check of the numbers shows that downward breakouts are weakest, and upward ones are strongest with the […]
Read MoreSouthern Doji Candle Pattern The southern doji is supposed to act as a bullish reversal candlestick, and it does, but just 52% of the time. I call that “near random.” If you found one charging at you while on safari, you would not know which way to turn. Most doji candlesticks that I have […]
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Northern Doji Candle Pattern Despite the belief that a northern doji is supposed to be a bearish reversal candlestick, it acts as a continuation 51% of the time. That is about random, so do not expect a reversal. The northern doji is just another doji candlestick pattern that means nothing at all even after […]
Read MoreLong Legged Doji Candle Pattern My tests show that the long legged doji acts as a bullish continuation candlestick 51% of the time, which I consider random. Thus, the indecision label is an apt one. The breakout direction is not known, and trying to depend on this candle hinting at a direction is fraught […]
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Gravestone Doji Candle Pattern Many people look at a gravestone doji with alarm, especially during an uptrend. They believe that it signals a bearish reversal. It does, but only 51% of the time. I call that random. The trend after the reversal does not amount to much, placing the performance rank at 77 out […]
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Gapping Up Doji Candle Pattern The gapping up doji candlestick performs less random than other types of doji candles. This one works as a bearish reversal 57% of the time, despite what theory says (bullish continuation). After it appears and price breaks out, the ensuing price trend ranks 92 out of 103, where 1 […]
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