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Dragonfly Doji Candle Pattern The dragonfly doji is an interesting name for a candle that is supposed to act as a bullish reversal. It is a reversal candle, but only half the time. Random, in other words. If you see a dragonfly doji in the bush, do not be frightened. The 10-day performance after […]
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Deliberation Candle Pattern The deliberation has a lot in common with the advance block candle pattern. Both use three white candles in an upward price trend. However, the deliberation has requirements on body height, but none on the upper shadow like the advance block. The deliberation works better than the advance block, too, […]
Read MoreDark Cloud Cover Candle Pattern Dark cloud cover is a two line candlestick that has poor reversal performance. Just 60% of the time, price changes direction from up to down in a bull market. However, once the turn is made and price breaks out, price trends, ranking 22nd out of 103 candle patterns, where […]
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Concealing Baby Swallow Candle Patterns The concealing baby swallow candlestick is so rare that I found only 4 of them out of over 4.7 million candle lines. That was not enough samples to justify including statistics in my Encyclopedia of Candlestick Charts book. Thus, this candlestick is probably one you can ignore because you […]
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Collapsing Doji Star Candle Pattern The collapsing doji star is a very rare bird. I found just 16 of them out of 4.7 million candle lines. Thus, the statistics are subject to change and are unreliable. Those that I did find act as a bearish reversal of the upward price trend, ranking 24th. The […]
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Closing White Marubozu Candlestick The closing white marubozu candlestick shares a lot with watching grass grow: neither is very exciting. The candlestick acts as a continuation pattern 55% of the time, but that is what I call near random. Overall performance, rank 70, places the candlestick well behind the pack. Is there anything redeeming […]
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Closing Black Marubozu The difference in appearance between a black marubozu and a closing black marubozu is an upper shadow. The closing black marubozu has one, but the black marubozu does not. Performance is similar for both. They act as continuations of the prevailing price trend, occur often in a historical price series, but […]
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Bulkowski’s Pattern Index At my age, fun means spending the kids’ inheritance. Other Links Latest Releases Index See Also
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White Candle Pattern White Candlestick: Summary Theoretical performance: Reversal or continuation (indecision) Tested performance: Continuation 51% of the time Frequency rank: 4 Overall performance rank: 68 Best percentage meeting price target: 81% (bull market, up breakout) Best average move in 10 days: -4.82% (bear market, down breakout) Best 10-day performance rank: 35 (bear market, […]
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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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