Basic Candlestick patterns PDF
Contents
Reversal patterns 3
Continuation Patterns 5
Reversal Chart Patterns 6
Continuation Chart Patterns 6
Candlesticks in more detail 9
Reversal Candlestick Patterns in more detail 13
Bullish / Bearish Engulfing Candle Patterns.13
Bullish and Bearish Engulfing Bars Introduction 17
Morning / Evening Star candle pattern 19
Bullish and Bearish Abandoned Baby Candle Pattern 32
Bullish – Three White Soldiers Candle Pattern & Bearish – Three Black Crows Candle Pattern 34
Bullish Three Inside Up – Three Outside Up 40
Bearish Three Inside Down – Three Outside Down 42
Continuation Candlestick Patterns 46
Bullish Rising Three Methods & Bearish Falling Three Methods 46
Bearish Falling Three Methods 47
Bearish In-Neck, On-Neck &Thrusting Candle Patterns 51
Bearish On-Neck candle pattern 51
Bearish In-Neck candle pattern 51
Bearish Thrusting candle pattern 51
Excerpt
Reversal patterns
Continuation Patterns
Continuation patterns suggest the market will maintain an established trend. Often the direction of the candlesticks themselves are in the opposite direction of trend in continuance. Continuation patterns help traders differentiate between a price action that is in full reversal and those merely taking a pause. Most traders will tell you there is a time to trade and a time to rest. The formation of continuation candlestick patterns imply consolidation, a time to rest and watch.
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