Hammer Candlestick Pattern Comments Off Continue Reading
June 16th in Single-Stick Patterns by .

Hammer Candlestick Pattern

People who are familiar with the hanging man candlestick pattern will find that the hammer looks almost identical, except that it is found at the end of a downtrend instead of at the end of an uptrend. This candlestick has a small body, with a difference of just a few points that is located above a longer wick. There may be a small upper wick, but usually there is none at all. The candlestick body can be black or white, [...]

Hanging Man Candlestick Pattern Comments Off Continue Reading
June 16th in Single-Stick Patterns by .

Hanging Man Candlestick Pattern

The hanging man candlestick pattern can be recognized by a single candlestick with a small body that can be black or white. There is a relatively long lower wick and little or no upper wick. This is caused by the stock opening at a high price that drops throughout the day before being driven back up to close near its opening price. One other way you can recognize the hanging man is that it will occur after a bullish trend. [...]

Belt Holds Candlestick Pattern Comments Off Continue Reading
June 16th in Single-Stick Patterns by .

Belt Holds Candlestick Pattern

Another single candlestick pattern, the belt holds pattern has two variations: the bullish belt hold and the bearish belt hold. The bullish belt holds candlestick easily be distinguished as a long white candlestick with a short wick at the top, indicating that the opening price was the low of the day, with the close just short of the day’s high. The bearish belt holds, on the other hand, is a long black candlestick with a short wick at the bottom, [...]

Spinning Top Candlestick Pattern Comments Off Continue Reading
June 16th in Single-Stick Patterns by .

Spinning Top Candlestick Pattern

The spinning top candlestick consists of a short body with a longer wick on either side. The length of the wicks may vary, but they are both longer than the body and similar in length to each other. This pattern is similar to the long-legged doji, but with a slightly larger body.

Long Legged Doji Candlestick Pattern Comments Off Continue Reading
June 16th in Single-Stick Patterns by .

Long Legged Doji Candlestick Pattern

One common candlestick pattern is called the doji. This candlestick is distinguished by being very short, indicating that there was only a small difference between the opening and closing prices. Sometimes the candlestick is so short it is only a horizontal line, but it can vary by a few points. A long legged doji has the characteristic short candlestick with long wicks on either side that are of similar length, which show that prices traded far from their opening and [...]