1
Q
Name this candlestick
A
Bearish Marabozu
- Long day Black Candle
- Contains no upper or lower shadow
- Opens at the high, closes at the low
- The strongest bearish candle that appears
- Reveals the bears are solidly in control
2
Q
Name this candlestick
A
Bullish Marabozu
- Long day White Candle
- Contains no upper or lower shadow
- Opens at the low, closes at the high
- The strongest bullish candle that appears
- Reveals the bulls are solidly in control
3
Q
Long, Short, or Average?
A
Long Day vs. Short Day vs. Average
A = Average Day
B = Short Day (spinning top)
C = Long Day
D = Average Day
E = Short Day (spinning top)
4
Q
A
Average Day vs. Long Day
- Look at the “average” candle size for a trade
- Long day candles are 2-3x the size of the “average” day candle
- Long day candles indicate strong momentum (Bullish= White, Bearish = Black)
5
Q
A
Long Lower Shadow • Long lower shadows indicate buying pressure
- A long lower shadow at support is a strong signal of bullish pressure
- The long lower shadow shows the bears were in control, but the bulls pushed them back
- The longer the lower shadow, the more bullish the candle.
6
Q
A
Long Upper Shadow
- Long upper shadows indicate selling pressure
- A long upper shadow at resistance is a strong signal of bearish pressure
- The long upper shadow shows the bulls were in control, but the bears pushed them back
- The longer the upper shadow, the more bearish the candle
7
Q
A
Black Candlestick Construction
- A = Opening price
- B = Closing price
- C = Intraday high
- D = Intraday low
- E = Real Body
- F = Upper Shadow
- G = Lower Shadow
8
Q
A
White Candlestick Construction
- A = Opening Price
- B = Closing price
- C = Intraday high
- D = Intraday low
- E = Real body
- F = Upper Shadow
- G = Lower Shadow
9
Q
A
Candlestick Reversal Signals Indicate…
- You should tighten your stops
- Be aware of a possible reversal in swing direction
- They do NOT indicate you should immediately reverse your trading position.
10
Q
A
Candlesticks Mean The Most When…
- They are the right Color Combination
- They occur in the Right Location
11
Q
A
High Wave Candle
- Subcategory of Spinning top candle
- Can be either black or white
- Has both a very long upper and lower shadow
- Indicates confusion in the marketplace
- Often the first candle of a reversal
12
Q
A
Spinning Top
- Broad classification of any smaller than average candle body
- Can be black or white
- May have upper, lower shadow, or no shadow
- Indicates a change in momentum
- Often the first candle of a reversal
13
Q
A
Shooting Star
- A specific type of spinning top candle
- Occurs after an upswing
- May be black or white
- Contains a smaller than average real body
- Upper shadow 2-3x the size of the real body
- Little or no lower shadow
- A strong bearish reversal signal
14
Q
A
Hangman
- A specific type of spinning top candle
- Occurs after an upswing
- May be black or white
- Contains a smaller than average real body
- Lower shadow 2-3x the size of the real body
- Little or no upper shadow
- A weak bearish reversal signal
15
Q
A
Inverted Hammer
- A specific type of spinning top candle
- Occurs after a downswing
- May be black or white
- Contains a small real body
- Upper shadow 2-3x the size of the real body
- Little or no lower shadow
- A weak bullish reversal signal
16
Q
A
Hammer
- A specific type of spinning top candle
- Occurs after a downswing
- May be black or white
- Contains a small real body
- Lower shadow 2-3x the size of the real body
- Little or now upper shadow
- A strong bullish reversal signal
17
Q
A
Long Legged Doji
- A specific type of Doji candlestick
- Has a both a long upper and lower shadow
- Shows indecision, but a balance upon price
- A strong reversal signal
- Bullish if @ support
- Bearish if @ resistance
18
Q
A
Doji
- Candle with the same open and closing price
- Shows complete balance among buyers and sellers and agreed upon price
- This candlestick very often occurs as part of a swing reversal
- Bullish if @ support
- Bearish if @ resistance
19
Q
A
Dragonfly Doji
- A specific type of doji candlestick
- Has a long lower shadow
- Very little or no upper shadow
- A strongly bullish candle
- Extremely bullish if occurring at support
20
Q
A
Tombstone Doji
- A specific type of doji candlestick
- Has a long upper shadow
- Very little or no lower shadow
- A strongly bearish candle
- Extremely bearish if occurring at resistance
21
Q
A
Tweezer Top
- Two day pattern occurring after an upswing
- First candle is white, second candle is black
- Matching highs where the close of the previous day matches the open of the 2nd
- Particularly strong when candle bodies are about the same size
- A Bearish Reversal signal
22
Q
A
Tweezer Bottom
- Two day pattern occurring after a downswing
- First candle is black, second candle is white
- Matching lows where the close of the previous day matches the open of the 2nd
- Particularly strong when candle bodies are about the same size
- A Bullish Reversal signal
23
Q
A
Dark Cloud Cover
- Two day pattern occurring after an upswing
- First candle is white, second candle is black.
- Second candle gaps up at the opening.
- Second candle trades down and closes at least 1/2 way into the first candle’s real body.
- Size or presence of shadows does not matter
- A Bearish Reversal signal
24
Q
A
Bullish Piercing
- Two day pattern occurring after a downswing
- First candle is black, second candle is white.
- Second candle gaps down at the opening.
- Second candle trades up and closes at least 1/2 way into the first candle’s real body.
- Size or presence of shadows does not matter
- A Bullish Reversal signal
25
**Bearish Engulfing**
* **Two day pattern occurring after an upswing**
* **First candle is white, second candle is black**
* **Second candle gaps up at the opening**
* **Second candle trades down and closes below the first day’s real body (engulfs)**
* **Size or presence of shadows does not matter**
* **A Bearish Reversal signal**
26
**Bullish Engulfing**
* **Two day pattern occurring after a downswing**
* **First candle is black, second candle is white**
* **Second candle gaps down at the opening**
* **Second candle trades up and closes above the first day’s real body (engulfs)**
* **Size or presence of shadows does not matter**
* **A Bullish Reversal Signal**
27
**Bearish Counter Attack**
* **Two day pattern occurring after an upswing**
* **First candle is white, second candle is black**
* **Second candle gaps up at the opening**
* **Second candle trades down and closes at (or close to) the same price as the previous close**
* **Size or presence of shadows does not matter**
* **A Bearish Reversal signal**
28
**Bullish Counter Attack**
* **Two day pattern occurring after a downswing**
* **First candle is black, second candle is white**
* **Second candle gaps down at the opening**
* **Second candle trades up and closes at (or close to) the same price as the previous close**
* **Size or presence of shadows does not matter**
* **A Bullish Reversal Signal**
29
**Bearish Harami**
* **Two day pattern occurring after an upswing**
* **First candle is white, second candle is black**
* **Second candle gaps down at the opening**
* **Second candle closes above previous day’s open (inside previous day’s body)**
* **Size or presence of shadows does not matter**
* **A Bearish Reversal signal**
30
**Bullish Harami**
* **Two day pattern occurring after a downswing**
* **First candle is black, second candle is white**
* **Second candle gaps up at the opening**
* **Second candle closes below previous day’s open (inside previous day’s body)**
* **Size or presence of shadows does not matter**
* **A Bullish Reversal Signal**
31
**One Black Crow**
* **Two day pattern occurring after an upswing**
* **First candle is white, second candle is black**
* **Second candle gaps down at the opening**
* **Second candle closes below previous day’s open (below previous day’s body)**
* **Size or presence of shadows does not matter**
* **A Bearish Reversal signal**
32
**One White Soldier**
* **Two day pattern occurring after a downswing**
* **First candle is black, second candle is white**
* **Second candle gaps up at the opening**
* **Second candle closes above previous day’s open (above previous day’s body)**
* **Size or presence of shadows does not matter**
* **A strong Bullish Reversal Signal**
33
**Evening Star Reversal**
* **Three day pattern after an upswing**
* **First candle is white, second candle is spinning top, third is black**
* **Ideally second candle has a gap on one side**
* **Third day should push down at least 1/2 way into first day’s candle**
* **A strong Bearish Reversal Signal**
34
**Morning Star Reversal**
* **Three day pattern after a downswing**
* **First candle is black, second candle is spinning top, third is white**
* **Ideally second candle has a gap on one side**
* **Third day should push up at least 1/2 way into first day’s candle**
* **A strong Bullish Reversal Signal**
35
**Evening Doji Star**
* **Three day pattern after an upswing**
* **First candle is white, second candle is a Doji, third is black better than average candle**
* **Ideally second candle has a gap on one side**
* **Third day should push down at least 1/2 way into first day’s candle**
* **A strong Bearish Reversal Signal**
36
**Morning Doji Star**
* **Three day pattern after a downswing**
* **First candle is black, second candle is a Doji, third is white better than average candle**
* **Ideally second candle has a gap on one side**
* **Third day should push at least 1/2 way into first day’s candle**
* **A strong Bullish Reversal Signal**
37
**Bullish Rest After Battle**
* **A multi-day pattern (4 or more)**
* **First candle is long day white candle**
* **Followed by 2 or more spinning tops that do not close below the first day’s open (can be any color)**
* **Final day is another long day white candle**
* **A strong bullish continuation**
38
**Bearish Rest After Battle**
* **A multi-day pattern (4 or more)**
* **First candle is long day black candle**
* **Followed by 2 or more spinning tops that do not close above the first day’s open (can be any color)**
* **Final day is another long day black candle**
* **A strong bearish continuation**
39
**Rising Three • A 5-day pattern**
* **First candle is long day white candle**
* **Followed by 3 spinning tops that do not close below the first day’s open (can be any color)**
* **Final day is another long day white candle**
* **A strong bullish continuation**
40
**Falling Three**
* **A 5-day pattern**
* **First candle is long day Black candle**
* **Followed by 3 spinning tops that do not close above the first day’s open (can be any color)**
* **Final day is another long day black candle**
* **A strong bearish continuation**
41
Tweezers Bottom and Hammer
42
Tweezers Bottom and Piercing Pattern
43
Tweezers Top and Harami Cross
44
Tweezers Top and Hanging Man
45
Tweezers Top and Shooting Star
46
Tweezers Top and Dark-Cloud Cover
47
Harami Cross
48
Inside Day
49
Harami
50
Inverted Hammer
51
Shooting Star
52
Abandoned Baby Bottom
53
Abandoned Baby Top
54
Evening Doji Star
55
Morning Doji Star
56
Evening Star
57
Morning Star
58
Doji Star in an Uptrend and a Downtrend
59
Star in an Uptrend and a Downtrend
60
On-Neck Pattern
61
In-Neck Pattern
62
Thrusting Pattern
63
Piercing Pattern
64
65
Dark-Cloud Cover
66
67
Resistance for Bearish Engulfing Patterns
68
Support for Bullish Engulfing Patterns
69
Bullish Engulfing Pattern
70
Bearish Engulfing Pattern
71
72
73
74
Hanging Man
75
Hammer
76
Umbrella Lines
77
Top Reversal
78
Top Reversal
79
Falling Three Method
80
Doji
81
Rising Three Method
82
Bullish Reversal Bar
83
Uptrend - Bullish Reversal Bars
84
Key Reversal Bar
85
Bullish Key Reversal Bar
86
Bullish Exhaustion Bar
87
Bullish Exhausted Bears
88
Bullish Pin Bar
89
Bullish Three-Bar Pullback
90
Inside Bar
91
Uptrend Inside Bar
92
Outside Bar
93
Outside Bar Charts
94
Bullish Belt Hold Line
95
Bullish Belt Hold Line
96
Uptrend Bullish Belt Hold Line w. Stop Loss
97
Bearish Belt Hold Line
98
Bearish Belt Hold Line
99
Bullish Ladder Bottom Pattern
100
Bearish Upside Gap Two Crows
101
Bullish Counter Attack Line
102
Tower Top
103
Tower Bottom
104
Three River Bottom
Triple Bottom Candlestick Chart Pattern
105
Three Mountains
or
Triple Top
106
Three River Bottom Breakout Chart
107
Three Top Breakout Chart
108
Three Inside Down Formation
109
110
Rising Three Method
and
Bullish Harami
111
Shooting Start at Resisten Line
112
Bearish Engulfing Pattern
113
Bearish Engulfing Pattern at Resistant Line
114
Bullish Engulfing Pattern at Support Line
115
Bullish Engulfing Pattern at Support Line
116
Morning Start at Support Line
Pattens
flashcards
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