Are you waiting for the buyers to take over a market? If so, look out for the three inside up candlestick pattern! An indicator of a turnaround in fate, this formation begins during a general downturn. The first day has a long black candlestick that seems to confirm this. However, the second day shows that the bears are losing vigor with a long white candle that, while beginning rather low, trades up throughout the day until it reaches the midpoint [...]

Three Outside Up Candlestick Pattern

Are you waiting for a stock to hit rock bottom? If so, you should be watching for the three outside down candlestick pattern. This formation is a reversal signal that no smart trader will ignore. It begins in the midst of a long downturn. The market has been falling for a while, and the long black candlestick of the first day of this candlestick pattern is a continuation of this downward trend. However, while the second [...]

Three White Soldiers Candlestick Pattern

The three white soldiers candlestick pattern is an unusual one because its significance depends on its context. However, the pattern itself is easy enough to recognize. This formation simply consists of three consecutive days with a white candle, each higher than the last. The appearance is of three white soldiers standing in a row, hence the name. The bullish significance of this formation is easy to guess. However, how reliable is this indicator?

Are you getting tired of a downtrending market? Are you wondering when it is going to end? If so, the morning star candlestick pattern is one formation to watch for. This pattern is a strong indication of a bullish turn on the way.

The bullish abandoned baby candlestick pattern is one that is often seen in markets that are about to take a drastic turn. It is very easy to recognize. First, the market is taking a generally downward direction at the time. On the first day of this three day pattern, there is a long black candlestick that appears to be a continuation of the current pattern.

Are you one of those nervous traders always looking for signals of a turnaround? If so, the bullish squeeze alert candlestick is one pattern that you should always keep an eye out for. This pattern occurs in a decidedly bear market. The first day is a continuation of this trend, with a long black candlestick body. The second day may be any color so long as it is completely contained within the body of the first day. The third day [...]

The bullish side by side black lines candlestick pattern is a surprising formation that seems to appear out of the blue, then disappear just as quickly as the bullish trend continues. It begins with a long white candlestick on the first day, which looks exactly like it functions: as a continuation of the bull market.

The bullish side by side white lines candlestick pattern is one that is easy to interpret. This formation begins in a bullish market with a first day that has yet another white candle. The second day opens with a gap up and ends with a second white candle. The third day is almost identical to the second, opening at about the same price and ending with a similarly sized candlestick. Because these white candlesticks are next to each other and [...]

The upside gap filled candlestick pattern is important to recognize because, however bearish the appearance, it is indeed a continuation pattern. This candlestick formation occurs during a general uptrend. The first day has a long white candlestick, and the second day looks like it will be another white day, as it opens with a sizeable gap up. However, the second day backslides a little and ends up with a short black candlestick.

The bullish engulfing candlestick pattern looks exactly as the name suggests: a bullish candle engulfing a bearish one. On the first day, there is a black candlestick. It may be of any size, but it usually is not particularly long.