Tag: CandleStick Patterns

Marubozu White

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

Marubozu Black

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

Abandoned Baby Bullish

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.

Four Price Doji

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

Long White

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

Long Black

A Long Black is a single candle pattern which signals strong selling pressure. Coloured black (or red) to represent bearish sentiment, the longer the candle, the further the close is below the open and the more aggressive the sellers. Identified as a continuation pattern particularly when found in the price action of a downtrend, the

Advance Block

The Advance Block is a bearish reversal pattern charted as three consecutively bullish candlesticks with consecutively higher closes in an uptrend. Indicating the end of the current uptrend, the Advance Block is a trend reversal or top reversal pattern. Theoretically a bearish reversal pattern but in practice frequently is a bullish continuation pattern, the Advance

Breakaway Bullish

The bullish Breakaway candlestick pattern sticks true to its name in that acts as a bullish reversal signal around 60% of the time. The Breakaway pattern is a five candle pattern that is fairly difficult to find on any time frame. This is most likely due to the number of candles and its requirements. This

Belt Hold Bullish

The Belt Hold candlestick pattern, or the Yorikiri, as it referred to in Japan, is a minor trend reversal pattern that signals a potential short term trend reversal. The Belt Hold candlestick is a single candlestick pattern that closely resembles the Marubozu candlestick. There is a bullish and bearish version of this candlestick but this

Candlestick Basics

Japanese candlesticks are the foundation for modern technical analysis. Whether you are thinking of purchasing a stock or want to scalp the Forex market, candlesticks should play a major part in your on-chart analysis. Professional traders have used Japanese candlesticks for decades, but in truth, candlesticks have been around for over 200 years. Candlesticks were