5 Most Powerful Patterns Flashcards
The ironically named “bullish three line strike reversal pattern” carves out______________________.
three black candles within a downtrend.
In the bullish three line strike reversal pattern, Each bar posts a lower low and closes near the intrabar low. The fourth bar _____________________________.
opens even lower but reverses in a wide-range outside bar that closes above the high of the first candle in the series.
In The bullish three line strike reversal pattern, the reversal bar (fourth bar) is a _______________________According to Bulkowski, this reversal predicts higher prices with an_____% accuracy rate.
shaved bottom (open and low are same). 84%
The bearish two black gapping continuation pattern appears after a notable_______________________.
top in an uptrend, with a gap down that yields two black bars posting lower lows
The bearish two black gapping predicts that the decline will_____________________________ According to Bulkowski, this pattern predicts lower prices with a ______% accuracy rate.
continue to even lower lows, perhaps triggering a broader-scale downtrend. 68%
The bearish three black crows reversal pattern starts at or near the high of an uptrend, with__________________________
three black bars posting lower lows that close near intrabar lows.
The bearish three black crows reversal pattern predicts that ____________________________. this pattern predicts lower prices with a _____% accuracy
the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend 78%
The most bearish version of The bearish three black crows reversal pattern starts at a new high (point A on the chart) because_____________________.
it traps buyers entering momentum plays.
The bearish evening star reversal pattern starts with _____________________
a tall white bar that carries an uptrend to a new high.
In the bearish evening star reversal pattern The market gaps higher on the next bar, but______________________. A gap down on the third bar completes the pattern, which predicts that _______________________. this pattern predicts lower prices with a ___% accuracy rate.
fresh buyers fail to appear, yielding a narrow range candlestick the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. this pattern predicts lower prices with a 72% accuracy rate
The bullish abandoned baby reversal pattern appears at the low of a downtrend, after_____________________
a series of black candles print lower lows.
In The bullish abandoned baby reversal pattern The market gaps lower on the next bar, but _____________________ yielding a narrow range doji candlestick with opening and closing prints at the same price. A bullish gap on the third bar completes the pattern, which predicts that the recovery will______________________ According to Bulkowski, this pattern predicts higher prices with a___% accuracy rate.
fresh sellers fail to appear, continue to even higher highs, perhaps triggering a broader-scale uptrend. 70%
