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Bullish Breakaway: Important Results Theoretical performance: Bullish reversal Tested performance: Bullish reversal 59% of the time Frequency rank: 97 Overall performance rank: 45 Best percentage meeting price target: 75% (bear market, down breakout) Best average move in 10 days: -5.79% (bear market, down breakout) Best 10-day performance rank: 12 (bear market, up breakout) All ranks […]
Read MoreBlack Spinning Top Candle Pattern A black spinning top is a small candle with tall shadows. Candle theory says that it acts as with indecision. Testing reveals that it is a reversal 51% of the time. Thus, theory and reality agree. If you can call it good news, the black spinning top ranks 1 […]
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Short Black Candle You might think that the short black candlestick would be as plentiful as birds at a feeder, but it is a rare pattern (by my definition, anyway). Using four databases holding 4.7 million candle lines, I dug up just 5,593 of them, which is a lot, but nothing near the tens […]
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Black Marubozu The black marubozu candlestick, along with the other variety of marubozu candles, have been given more weight by candlestick followers than I think they deserve. The black marubozu acts as a continuation candle 53% of the time, which I consider “near random.” The performance after the breakout ranks just 57 out of […]
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Long Black Day Candlestick: Important Results Theoretical performance: Continuation Tested performance: Continuation 53% of the time Frequency rank: 9 Overall performance rank: 19 Best percentage meeting price target: 62% (bull market, up breakout) Best average move in 10 days: 6.3% (bear market, up breakout) Best 10-day performance rank: 8 (bull market, up breakout) All ranks […]
Read MoreBlack Candle The black candlestick shows near random direction under actual market conditions since it acts as a continuation 52% of the time. In theory, it can act as either a continuation candlestick or a reversal. The only thing remarkable about this candlestick is its frequency: 3rd out of 103 where 1 is the […]
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Bullish Belt Hold Candlestick The bullish belt hold is one of the better performing candlesticks that I researched. It acts as a bullish reversal often, placing its rank at 11 out of 103 (where 1 is best) and it occurs frequently in nature (ranking 22). Overall performance is well back of the pack, though: […]
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Below The Stomach Candlestick Below the stomach candlestick is the inverted variety of the above the stomach pattern, only below the stomach does not perform as well. Below the stomach acts as a bearish reversal of the up trend just 60% of the time. The overall performance ranks 59th, or about mid list where […]
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Bearish Tri-Star Candle Pattern If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks. $ $ $ Bearish Tri-Star Candlestick: Important Results Theoretical performance: Bearish reversal Tested performance: Bearish reversal 52% of the time Frequency rank: […]
Read MoreBearish Three-Line Strike Candlestick: Important Results Theoretical performance: Bearish continuation. Tested performance: Bullish reversal 84% of the time Frequency rank: 94 Overall performance rank: 1 Best percentage meeting price target: 80% (bull market, down breakout) Best average move in 10 days: -8.81% (bull market, down breakout) Best 10-day performance rank: 1 (bull market, down breakout) […]
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