4. Complex Candlestick Formations Flashcards
What is this candlestick formations called?
Bearish Harami
What does the bearish harami indicate?
In an uptrend the bearish harami is considered a bearish formation
What is this candlestick formation called?
Bullish Harami
What does the bullish harami indicate?
It is considered a bullish pattern
What is this candlestick formation called?
Bearish 3-Method
What does the bearish 3 method indicate?
This is considered a bearish continuation pattern in a downtrend
What is this candlestick fromation called?
Bullish 3-Method
What does the bullish 3-method indicate?
It is considered a bullish continuation pattern in an uptrend
What is this candlestick formation called?
Dark Cloud Cover
What does the dark cloud cover indicate?
After an upwards movement this is considered a reversal pattern
What is this candlestick formation called?
Engulfing Bearish Line
What does the engulfing bearish line indicate?
Near the top of a movement it is a very important reversal signal
What is this candlestick formation called?
Engulfing Bullish Line
What does the engulfing bullish line indicate?
It is considered a strong signal for a reversal when near the bottom of a movement
What is this candlestick formation called?
Evening Star
What does the evening star indicate?
It is considered a reversal signal starting a bearish movement
What is this candlestick formation called?
Morning Star
What does the morning star indicate?
It indicates a reversal pattern to a bullish movement after a bearish movement
What is this candlestick formation is this?
Falling Window
What does the falling window indicate?
Any gap in the market has the tendency to close, traders can use this knowledge and invest in a closing gap, other than that falling window has no implications for longer market direction
What is this candlestick formation called?
Three Black Crows
What does three black crows indicate?
Indicates a beairsh reversal when they appear near the top of a movement
What is the candlestick formation called?
Three White Soldiers
What does three white soldiers indicate?
Indicates a bullish reversal when they appear near the bottom of a movement
What is this candlestick formation called?
Piercing Line
What does the piercing line indicate?
Near the bottom of a downwards movement it is considered a reversal sign to a bullish movement
