Bar Chart Patterns Flashcards

1
Q

Books

A

Thomas N. Bulkowski

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
  • Pullbacks occur more frequently
  • Throwbacks occur more frequently
A
  • on downward breakouts with less-than-average volume
  • on upward breakouts with above-average volume
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Breakout on a gap

A

Reduces the odds that a retracement will occur

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Volume on a rectangle pattern

A

Tends to decline

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Shortfall

A

When, in a rectangle formation, the price fails to reach either the support or resistance zone

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Buying the support and selling the resistance

A

Works better in a trending channel than in a rectangle

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

H&S, rectangles, triangles, channels, flags, pennants, wedges and bottom picture

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Diamond pattern

A
  • A broadening pattern followed by a triangle
  • Usually happens at the top of a sharp upward rise in prices
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Ideal situation for trading triangles

A
  • Definite breakout
  • High trading range within the triangle
  • Upward-sloping volume
  • Gap on the breakout
  • *Seems to work better with small-cap stocks in a rising market
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Broadening pattern alternative name

A

Megaphone, funnel, reverse triangle and inverted triangle

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q
  • Rising wedges
  • Declining wedges
A
  • tend to breakout downward (69%)
  • tend to breakout upward (92%)*
  • *Bulkowski 2010
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Cup and handle pattern

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Flags and pennants

A

are usually continuation patterns

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Island reversal

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Breakaway gap

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Runaway gap

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Exhaustion gap

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Common gap

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Sequence of gaps

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

One-bar reversal

A

When a trading bar high is greater than previous bar high and the close is down from the previous bar close

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Two-bar reversal

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Horn pattern

A

Similar to a two-bar reversal but with a smaller bar in between

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Bullish Hook reversal

A
24
Q

Bearish Hook reversal

A
25
Q

Hikkake pattern

A
26
Q

Correction within a trend

A

Are usually profitable entry points

27
Q

Knockout or KO pattern

A
  1. When a throwback occurs on a strong upward trend, place a stop buy at the high of the bar with the second low
  2. If the next bar is lower, move the stop buy to its high
  3. Once the position is executed, place a protective stop below the last low
28
Q

Oops buy pattern

A
29
Q

Oops sell pattern

A
30
Q

Shark pattern

A
31
Q

Marubozu

A
32
Q

Shark pattern (candlestick)

A
  • Works better if the pattern is symmetrical
  • Buy at the height of the base high
33
Q

Inside bar conventional belief

A

When the price breaks in a direction from an inside bar, they will likely continue in the same direction

34
Q

NR4 (or NR7)

A

On day NRn + 1 place a buy order at dayn high and a sell order a dayn low

35
Q

Opening Range Breakout (ORB)

A

A method of entering a position once a setup has been established from a previous short-term pattern

36
Q

Doji pattern

A
37
Q

Windows pattern

A

Synonym for gap

38
Q

Kicking pattern

A
39
Q

Harami pattern

A
  • Can indicate a reversal on an increase in volatility
  • Only the body of the second candle needs to be inside the range of the first one (not its shadow)
40
Q

Spinning tops pattern

A
41
Q

Three soldiers pattern

A
  • The three bearish soldiers pattern is sometimes called the three black crows pattern
  • Can signal a reversal
42
Q

Morning and Evening star pattern

A
  • The body of the star should not overlap the body of the preceding bar
  • The star can be of either color
43
Q

Hammer and hanging man pattern

A
44
Q

Inverted hammer and shooting star pattern

A
45
Q

Engulfing pattern

A
  • Can indicate a reversal
  • Is stronger when the second bar is considerably larger than the first one
46
Q

Piercing line and dark cloud pattern

A
  • The opening of the piercing line should be below the inferior shadow of the preceding bar
  • The opening of the dark cloud should be above the upper shadow of the preceding bar
47
Q

Three inside up and down pattern

A
48
Q

Three outside up and down pattern

A
49
Q

Three line strike pattern

A
50
Q

Upside Tasuki gap

A
51
Q

Downside Tasuki gap

A
52
Q

Tweezer pattern

A
53
Q

J-hook pattern

A
54
Q

Inverted J-hook pattern

A
55
Q

Matching low pattern

A
56
Q

Abandoned baby pattern

A
57
Q

Two black gapping pattern

A