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Short White Candle Pattern The name of this candlestick describes its appearance: short and white. It acts as a reversal about 52% of the time and it is common with a frequency rank of 54. That is mid list. Performance is dreadful, ranking 85 out of 103 candle patterns, when a rank of 1 […]
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Bullish Tri-Star Candle Pattern Bullish Tri-Star Candlestick: Summary Theoretical performance: Bullish reversal Tested performance: Bullish reversal 60% of the time Frequency rank: 79 Overall performance rank: 28 Best percentage meeting price target: 77% (bear market, up breakout) Best average move in 10 days: 5.11% (bear market, up breakout) Best 10-day performance rank: 26 (bear […]
Read MoreBullish Three-Line Strike Candle Pattern Bullish Three-Line Strike Candlestick: Summary Theoretical performance: Bullish continuation. Tested performance: Bearish reversal 65% of the time Frequency rank: 95 Overall performance rank: 2 Best percentage meeting price target: 50% (bear market, down breakout) Best average move in 10 days: 16.91% (bear market, up breakout) Best 10-day performance rank: […]
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Bullish Side by Side White Lines Candle Pattern The bullish side by side white lines candlestick is a complicated pattern, judging from its frequency rank of 73 out of 103 candlestick types where 1 is the most popular. The pattern has three white candles that are supposed to be a bullish continuation pattern and […]
Read MoreBullish Separating Lines Candle Pattern The bullish separating lines candlestick pattern acts as a bullish continuation of the upward price trend already underway. The trend after the breakout, based on the overall performance rank, is quite strong. In fact, a look at the numbers shows that the bullish separating lines do best after a […]
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Bullish Meeting Lines Candle Pattern Once the upward breakout occurs, price trends, scoring very well for price performance over the coming 10 days, regardless of the bull or bear market conditions. Unfortunately, the frequency rank is 72 out of 103 candlestick types. That makes it somewhat rare, like seeing a hummingbird in Canada during […]
Read MoreBullish Kicking Candle Pattern In my book, Encyclopedia of Candlestick Carts, pictured on the right, I explore the entire range of candlestick patterns from abandoned babies to windows (not exactly A to Z, but you get the idea), in both bull and bear markets, using almost 5 million candle lines in the tests. The book takes […]
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Bullish Harami Cross Candle Pattern The bullish harami cross is another candlestick with good potential, but it acts almost randomly. Just 55% of the time price continues the bearish trend. That is two percentage points better than the bullish harami. The chief difference between the two candle patterns is that the second day is […]
Read MoreBullish Harami Candle Pattern The bullish harami functions much like the bearish one: about randomly. It is supposed to be a bullish reversal in theory, and testing shows that it actually works that way, too, but only 53% of the time. With a frequency rank of 25, you can find it as often as […]
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Bullish Engulfing Candlestick The bullish engulfing candlestick is a well-known candle pattern composed of two candle lines. The first one is black and the second is a white one that is taller than the prior black candle, engulfing it or overlapping the black candle’s body. The bullish engulfing candlestick acts as a bullish reversal […]
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