Welcome to Decrypters!
My book, Encyclopedia of Chart Patterns Second Edition, shown on the left, discusses the performance of 63 chart and event patterns. There is no better reference book on the subject. Each pattern chapter includes a table of volume statistics, if applicable. If you click on the above link and then buy the book (or anything) […]
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Upside Tasuki Gap Candlestick: Summary The upside Tasuki gap is a candlestick pattern that acts in reality as it is supposed to in theory. But it doesn’t do it very well. The frequency rank of 74 means it will be difficult to find, but once you to uncover one, the price move can […]
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Upside Gap Two Crows Candlestick: Summary The upside gap two crows candlestick pattern is supposed to be a bearish reversal, but testing shows it is a weak bullish continuation pattern. It has a frequency rank of 75 out of 103 patterns where 1 is the most popular. Thus, you should be able to […]
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Upside Gap Three Methods Candlestick: Summary The upside gap three methods candlestick is another rare candlestick, so take the performance numbers with a large dose of skepticism. The pattern is supposed to act as a bullish continuation, but I found it really functions as a bearish reversal. However, the reversal rate is what […]
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Unique Three-River Bottom Candlestick: Summary The unique three-river bottom candlestick is supposed to be a bullish reversal, but it actually acts as a bearish continuation, that is, if you can find it. The candle pattern has a frequency rank of 89 where 1 is the most popular candle out of 103 candle types. […]
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Two Crows Candlestick: Summary The two crows candlestick acts as a bearish reversal but only about randomly. Thus, you cannot depend on this breaking out downward or upward, for that matter. The overall performance is on the far side of mid list, so the price trend after the breakout is just mediocre. […]
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Two Black Gapping Candlestick: Summary Two black gapping candle pattern acts as a continuation of the downward price trend. Look for two black candles that gap below the prior one and the second of the two candles has a lower high. That combination is simple enough and it appears often, so you will […]
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Tweezers Top Candlestick: Summary Tweezers top candlesticks are simple to find in a historical price series. Just look for two adjacent candles with the same high price in an uptrend. Candle theory says that the pair is supposed to be a bearish reversal because it illustrates overhead resistance, but my tests show that […]
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Tweezers Bottom Candlestick: Summary The tweezers bottom candlestick pattern is a name that makes sense to me. On this candlestick, price trends downward leading to the start of the tweezers. There, two candles of any color share the same low price, as if the low is where the tweezers join. Unfortunately, as […]
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Thrusting Candlestick: Summary The thrusting candle name is an unusual one, but one that makes sense. The thrusting candle begins with a downward price trend and a black candle appears. The next day a white candle opens below the prior low, but closes near the mid point of the prior body. The thrusting […]
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