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Candlestick Patterns

This document defines and describes several candlestick patterns, including: - The three-line strike, which has three bars trending in the direction of the overall trend, followed by a bar that pulls back to the start point. - The Morning Doji Star, a three-day bullish reversal pattern that starts during a downtrend with a large down candle, followed by a Doji and then an up candle. - The Evening Doji Star, a three candle bearish reversal pattern similar to the Evening Star consisting of an up candle, a Doji, and then a down candle. - The three inside up/down patterns which are bullish and bearish reversal patterns composed of three candles with the

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Achraf Touimi
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443 views

Candlestick Patterns

This document defines and describes several candlestick patterns, including: - The three-line strike, which has three bars trending in the direction of the overall trend, followed by a bar that pulls back to the start point. - The Morning Doji Star, a three-day bullish reversal pattern that starts during a downtrend with a large down candle, followed by a Doji and then an up candle. - The Evening Doji Star, a three candle bearish reversal pattern similar to the Evening Star consisting of an up candle, a Doji, and then a down candle. - The three inside up/down patterns which are bullish and bearish reversal patterns composed of three candles with the

Uploaded by

Achraf Touimi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Three Line Strike

A three-line strike is a continuation


group of candlesticks that has three
bars in the direction of a trend,
followed by a final candle that pulls
back to the start point.
Morning Doji

Star

The Morning Doji Star candlestick formation is


a three-day bullish reversal pattern. The
Morning Doji Star candlestick pattern starts
during a downtrend. The downtrend continues
with a large-bodied candlestick. The second day
opens lower, trades in a small range, then
closes at its open forming a Doji.
Evening Doji

Star

An Evening Doji Star consists of a long bullish


candle, followed by a Doji that gaps up, then a third
bearish candle that gaps down and closes well
within the body of the first candle. An Evening Doji
Star is a three candle bearish reversal pattern
similar to the Evening Star.
Confirmation
Candlestick

Pattern
Three Inside Up

The three inside up pattern is a bullish


reversal pattern composed of a large
down candle, a smaller up candle
contained within the prior candle, and
then another up candle that closes above
the close of the second candle.
Three Inside Down

The three inside down pattern is a bearish


reversal pattern composed of a large up
candle, a smaller down candle contained
within the prior candle, and then another
down candle that closes below the close of
the second candle.
Three Outside Up

The three outside up is a bullish candlestick


pattern with the following characteristics:
The market is in a downtrend. The first
candle is black. The second candle is white
with a long real body and fully contains the
first candle. The third candle is white with a
higher close than the second candle.
Three Outside

Down

The three outside down, meanwhile, is a bearish


candlestick pattern with the following
characteristics: The market is in an uptrend. The
first candle is white. The second candle is black with
a long real body that fully contains the first candle.
The third candle is black with a close lower than the
second candle.

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