- Posted by kenpachi on February 8, 2009
Tweezer Top and Bottoms are reversal patterns consisting of two or more candles with matching highs or matching lows.
- Posted by kenpachi on February 7, 2009
The Harami and Harami Cross patterns are two reversal patterns that warn that the current trend is weakening and could change.
- Posted by kenpachi on February 1, 2009
Unlike the other star patterns the Shooting Star is made up of only two candles and is generally viewed as a weaker version of the Evening Star pattern. The Inverted Hammer is not a star pattern, but it is considered to be the bottom reversal equivalent to the Shooting Star.
- Posted by kenpachi on January 31, 2009
The Morning and Evening Doji Stars are variations of the Morning and Evening Star patterns. The only real difference is a doji is used for the star instead of a candle with a small real body.
- Posted by kenpachi on January 29, 2009
Stars are small real bodies that gap away from the previous candle and appear near the end of an up or down trend and in congestion bands. Each consists of three candlestick to show the shift in power between buyers and sellers.
- Posted by kenpachi on January 28, 2009
If you haven't noticed by now, I group the candlestick patterns that are opposites of each other together. In most cases they are the exact opposite, in some cases they differ slightly as is the case with the piercing pattern. The Dark Cloud Cover and Piercing patterns are weaker versions of the engulfing reversal patterns, yet provide great insight into the price action going on.
- Posted by kenpachi on January 27, 2009
Bullish and Bearish Engulfing patterns are two simple candlestick patterns that act as strong indicators for an upcoming trend change. When used with other technique they can be great for identifying tops and bottoms.
- Posted by kenpachi on January 27, 2009
I just noticed that on some of the really large images that I post it looks distorted on smaller monitors, because I use a javascript plugin to display them using a nice effect and this plugin resizes the image if your monitors resolution is smaller than the images. If your monitors resolution is below 1680x1050 (22 inch widescreen res) these large images can be a bit distorted. For those images I have gone back and added a "full size" link, so you can see them in all their glory.
- Posted by kenpachi on January 26, 2009
The Hammer and Hanging Man are two of the simplest candlestick patterns to learn, and well worth learning.
- Posted by kenpachi on January 25, 2009
I came across these two patterns on the james16 thread on Forex Factory. They are both described as continuation patterns of the prior trend. I did a bit of back checking and they don't seem to turn up as much as pin bars. This does not mean they are more reliable than other patterns, it just means they don't show up as much from my observations.