Developed by Thomas Bulkowski, the Measure Rule is a method of predicting a price target using the chart patterns’ height to determine minimum price movements. Although the rule itself varies from chart pattern-to-pattern, in its’s simplest form – for upward breakouts, the highest peak in the pattern is the price target while for downward breakouts,
The White Marubozu (meaning ‘bald head’ or ‘shaved head’ in Japanese) is a single-candle pattern. Characterized by a white (or green) bodied candle with no wick (or shadow), the White Marubozu is a bullish candle whereby the opening price is equal to the low of the day, and the closing price is equal to the
The Black Marubozu (meaning ‘bald head’ or ‘shaved head’ in Japanese) is a single-candle pattern. Characterized by a black (or red) bodied candle with no wick (or shadow), the Black Marubozu is a bearish candle whereby the opening price is equal to the high of the day, and the closing price is equal to the
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The Bullish Abandoned Baby (or Abandoned Baby Bottom) is a candlestick pattern that signals a reversal in the current downtrend and indicates the beginning of an uptrend. Considered an accurate reversal pattern, the Bullish Abandoned Baby is a three-candle chart pattern whereby: The first candle is a large red candlestick located within a defined downtrend.
Rarely seen on a price chart, a Four Price Doji is a basic single candle pattern in which the open, close, high and low price are all equal. Representing the highest extent of indecision and uncertainty regarding market direction, the Four Price Doji candlestick pattern is typically seen during periods of low trading volume and/or in pre-market and
A Long White is a single candle pattern which signals strong buying pressure. Coloured white (or green) to represent bullish sentiment, the longer the candle, the further the close is above the open and the more aggressive the buyers. Identified as a continuation pattern particularly when found in the price action of an uptrend, the
A Short White is a single-candle pattern which signals weak buying pressure. Coloured white (or green) representing price has closed above the open, a Short White candle is as its’ name suggests: short bodied and white. The lengths of the wicks (or shadows) are unimportant however, Short White candles with wicks longer than the median
The Bearish Kicking (also known as Kicking Down) is a bearish reversal pattern which occurs during a prevailing uptrend. Displayed as a two-candle pattern consisting of two long Marubozu candlesticks – a White Marubozu and a Black Marubozu – the Bearish Kicking is characterised by a price gap down between the two Marubozu candles whereby
The Bullish Kicking (also known as Kicking Up) is a bullish reversal pattern which occurs during a prevailing downtrend. Displayed as a two-candle pattern consisting of two long Marubozu candlesticks – a Black Marubozu and a White Marubozu – the Bullish Kicking is characterised by a price gap up between the two Marubozu candles whereby