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Bearish Belt Hold Candlestick The bearish belt hold candlestick is an opening black marubozu candlestick in an uptrend. Candle theory says that the bearish belt hold is supposed to act as a bearish reversal, and it does — 68% of the time in a bull market. Not only is it a strong performer, but […]
Read MoreAdvance Block: Overview The advance block candle is one that I like, but I am not sure why. It is supposed to act as a bearish reversal, but testing shows it is really a bullish continuation pattern. The reversal is just above the “near random” range of 51% to 59%, where so many candle patterns […]
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The Stomach Candlestick Above the stomach is a simple candlestick pattern and yet it works very well, functioning as a bullish reversal 66% of the time. You can also spot it often because it has a frequency rank of 32 out of 103 candle patterns, where 1 is most often. Details about the […]
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Bullish Abandoned Baby The bullish abandoned baby candlestick pattern is a bullish reversal with a good track record of reversing (ranking 13th). There is just one problem. You won’t be able to find it. The candle is rare with a frequency rank of 92nd out of 103 candle types. When you can find it, […]
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Bearish Abandoned Baby The bearish abandoned baby candlestick is an interesting name for a candle pattern. It acts as a bearish reversal often, but the price trend after the breakout is weak. Do not expect the trend to last long or be a strong one. The candle does best after an upward breakout, but […]
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13 New Price Lines The 13 new price lines candle pattern is as it sounds: 13 candle lines in a row, each with a high higher than the previous one. It is supposed to act as a bearish reversal and it does, but only 57% of the time in a bull market. That is […]
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