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Candlestick Pattern Part 02 Free

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Prasanth Divakaran
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124 views18 pages

Candlestick Pattern Part 02 Free

Uploaded by

Prasanth Divakaran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Candlestick pattern
part 02
Downloaded by (discipline trader app) in playstore
Downloaded by (discipline trader app) in playstore

A shooting star is a bearish candlestick with a long


upper shadow, little or no lower shadow, and a
small real body near the low of the day. It appears
after an uptrend.
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Downloaded by (discipline trader app) in playstore

Opening level: The hanging man candle


can either be a green candle (bullish),
or a red candle (bearish) although, the
bearish candle provides a better
indication of a weakening market.
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Downloaded by (discipline trader app) in playstore

A gravestone doji is a bearish reversal candlestick


pattern that is formed when the open, low, and
closing prices are all near each other with a long
upper shadow.
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Downloaded by (discipline trader app) in playstore

Bearish Engulfing

A bearish engulfing pattern is a technical chart pattern that signals


lower prices to come. The pattern consists of an up (white or green)
candlestick followed by a large down (black or red) candlestick that
eclipses or "engulfs" the smaller up candle.
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Downloaded by (discipline trader app) in playstore

Dark Cloud Cover is a candlestick pattern that shows a shift in


momentum to the downside following a price rise. The pattern is
composed of a bearish candle that opens above but then closes
below the midpoint of the prior bullish candle.
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Downloaded by (discipline trader app) in playstore

Key Takeaways. An evening star is a candlestick pattern


used by technical analysts to predict future price reversals
to the downside. Although it is rare, the evening star
pattern is considered by traders to be a reliable technical
indicator. The evening star is the opposite of the morning
star pattern.
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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.
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Downloaded by (discipline trader app) in playstore
Downloaded by (discipline trader app) in playstore

What Are the Three Black Crows? Three black crows is a phrase
used to describe a bearish candlestick pattern that may predict
the reversal of an uptrend. Candlestick charts show the day's
opening, high, low, and closing prices for a particular security. For
stocks moving higher, the candlestick is white or green.
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