Major Candlestick Patterns Flashcards
Evening Doji Star
Consists of (two / three) candlesticks.
First is a (small / large) (black / white) body candlestick followed by a _____ that gaps (above / below) the 1st body.
The third candlestick is a (black / white) body that closes well into the 1st body.
When it appears after a strong (uptrend / downtrend), it is considered as a reversal signal.
It signals more bearish trend than the evening star pattern because of the _____ that has appeared between the two bodies.
Evening Doji Star
- Three Large White Doji Above
- Black White (at least by 50%) Uptrend Doji
Evening Star
This is a (two / three) candlestick pattern.
Consists of a (small / large) (black / white) body candlestick followed by a (small / large) body candlestick (black / white) that gaps (above / below) the 1st candle.
The third is a (black / white) body candlestick that closes at least (50% or 90%) within the 1st candle.
It is considered as a reversal signal when it appears after a strong (uptrend / downtrend).
Evening Star
- 3 Large White Small Either Black or White
- Above Black 50% Uptrend
Three Black Crows
Consists of three long black candlesticks with consecutively lower (opens / closes).
The closing prices are near to or at their lows. When it appears at top it is considered as a top (continuation / reversal) signal.
Three Black Crows
- Closes
- Reversal
Piercing Pattern What color body appears 2nd?
Piercing Pattern
White
Shooting Star
A (black / white) candlestick that has a small body, a long upper shadow and a little or no lower tail.
Considered a (bullish / bearish) pattern in an uptrend.
Shooting Star
- Either Black or White
- Bearish
Falling Window
A window or _____ is created when the high of the second candlestick is below the low of the preceding candlestick.
It is considered that the window should be filled with a probable (support / resistance).
Falling Window
- Gap
- Resistance
Bearish Harami Cross
A large (black / white) body followed by a _____ that is contained within the first large body.
Considered as a reversal signal when it appears in a (uptrend / downtrend).
Bearish Harami Cross
- White
- Doji
- Uptrend
Morning Star
Consists of a (small / large) (black / white) body candlestick followed by a (small / large) body (black / white) that occurred (above / below) the 1st body candlestick.
On the 3rd day, a (black / white) body candlestick is formed that closed well into the 1st body candlestick.
It is considered as a major reversal signal when it appears after a strong (uptrend / downtrend).
Morning Star
- Large Black Small Either black or white Below
- White Downtrend
Dragonfly Doji
Formed when the opening and the closing prices are at the (lowest /highest) of the day.
If it has a longer lower shadow it signals a more (bullish / bearish) trend.
When appearing at market (tops / bottoms) it is considered to be a reversal signal.
Dragonfly Doji
- Highest
- Bullish
- Bottom
Piercing Pattern
The white day must close (above / below) (50% / 100%) level of the black body?
Piercing Pattern
Above
50%
Shooting Star
A (black / white) candlestick that has a (small / large) body, a long upper shadow and a little or no lower tail.
Considered a bearish pattern in an (uptrend / downtrend).
Shooting Star
- Either Black or White
- Small
- Uptrend
Bearish Engulfing Pattern
Consists of a small (black / white) body that is contained within the followed large black candlestick.
When it appears at (top / bottom) it is considered as a major reversal signal.
Bearish Engulfing Pattern
- White
- Black
- Top
Marubozu
A long or a normal candlestick (black / white) with no shadow or tail.
The high and the lows represent the opening and the closing prices.
Considered a (continuation / reversal) pattern.
Marubozu
- Either Black or White
- Continuation
Dark Cloud Cover
More (buying / selling) confirms the pattern?
Dark Cloud Cover
Selling
Dark Cloud Cover
The Black day must close (above / below) (50% / 100%) level of the white body?
Dark Cloud Cover
Below
50%
Inverted Black Hammer
A black body in an upside-down hammer position.
Usually considered a (top / bottom) reversal signal.
Inverted Black Hammer
- Bottom
Dark Cloud Cover
What color body appears first?
Dark Cloud Cover
White
Hanging Man
A (black / white) candlestick that consists of a small body near the high with a little or no upper shadow and a long lower tail.
The lower tail should be two or three times the height of the body.
Considered a (bullish / bearish) pattern during a (uptrend / downtrend).
Hanging Man
- Either Black or White
- Bearish
- Uptrend
Hammer
A (black / white) candlestick that consists of a small body near the high with a little or no upper shadow and a long lower tail.
Considered a bullish pattern during a (uptrend / downtrend).
Hammer
- Either Black or White
- Downtrend
Bullish Engulfing Pattern
Consists of a (small / large) (black / white) body that is contained within the followed (small / large) (black / white) candlestick.
When it appears at a (uptrend / downtrend) it is interpreted as a major reversal signal.
Bullish Engulfing Pattern
- Small
- Black
- Large
- White
- Downtrend
Dark Cloud Cover
The black day must open (above / below) white day?
Dark Cloud Cover
Above
Piercing Line
Consists of a (black / white) candlestick followed by a (black / white) candlestick that opens (lower / higher) than the preceding candle, but closes well into the 1st body candlestick.
It is considered as reversal signal when it appears after a strong (uptrend / downtrend).
Piercing Line
- Black White Lower Downtrend
Piercing Pattern
The white day must open (above / below) black day?
Piercing Pattern
Below
Rising Window
A window or _____ is created when the (low / high) of the second candlestick is above the high of the preceding candlestick.
It is considered that the window should provide (support / resistance) to the selling pressure.
Rising Window
- Gap Low Support
Tweezer Tops
Consists of two or more candlesticks with matching (tops / bottoms).
The candlesticks may or may not be consecutive and the sizes or the colors can vary.
It is considered as a (minor / major) (continuation / reversal) signal that becomes more important when the candlesticks form another pattern.
Tweezer Tops
- Tops
- Minor
- Reversal
Doji Star
Consists of a (black / white) candlestick followed by a Doji that gap above or below these.
It is considered as a reversal signal with confirmation during the next trading day.
Doji Star
- Either Black or White
Inverted Black Hammer
A (black / white) body in an upside-down hammer position.
Usually considered a (top / bottom) reversal signal.
Inverted Black Hammer
- Black
- Bottom
Bullish Harami
Consists of an unusually large (black / white) body followed by a small (black / white) body contained within the size of the previous body.
It is considered as a bullish pattern when preceded by a (uptrend / downtrend).
Usually the Volume is (above / below) the recent norm d/t the covering of (short / long) positions.
Bullish Harami
- Black
- White
- Downtrend
- Above
- Short
Marubozu
A long or a normal candlestick (black / white) with no shadow or tail.
The high and the lows represent the opening and the closing prices.
Considered a _____ pattern.
Marubozu
- Either Black or White
- Continuation
On Neckline In a downtrend
Consists of a (black / white) candlestick followed by a (small / large) body (black / white) candlestick with its close near the low of the preceding black candlestick.
It is considered as a bearish pattern when the low of the white candlestick is penetrated on the next (3rd) day.
On Neckline In a downtrend (Bearish)
- Black Small White
- (second picture depicts a bullish on Neckline)
Piercing Pattern
More (buying / selling) confirms the pattern?
Piercing Pattern
Buying
Dark Cloud Cover
What color body appears 2nd?
Dark Cloud Cover
Black
Bearish 3-Method Formation
A long (black / white) body followed by three small bodies normally (black / white) and a long (black / white) body.
These three bodies are contained within the range of (first / last) large body.
This is considered as a (bullish / bearish) continuation pattern.
Bearish 3-Method Formation
- Black
- White
- Black
- First
- Bearish
Bullish 3-Method Formation
Consists of a long white body followed by three small bodies normally (black / white) and a long (black / white body.
These three small bodies are contained within the range of (first / last) large body.
This is considered as a (bullish / bearish) continuation pattern.
Bullish 3-Method Formation
- White
- Black
- White
- First
- Bullish
Hanging Man
A (black / white) candlestick that consists of a small body near the high with a little or no upper shadow and a long lower tail.
The lower tail should be two or three times the height of the body.
Considered a bearish pattern during an (uptrend / downtrend).
Hanging Man
- Either Black or White
- Uptrend
Dark Cloud Cover appears where?
How many candlesticks make up this pattern?
Dark Cloud Cover
Strong Uptrend
2
Long Upper Shadow
A black or a white candlestick with an upper shadow that has a length of 2/3 or more of the total range of the candlestick.
Normally considered a bearish signal when it appears around price (support / resistance) levels.
Long Upper Shadow
- Resistance
Morning Doji Star
Consists of a (small / large) (black / white) body candlestick followed by a _____ that occurred (above / below) the 1st candlestick.
On the third day, a (black / white) body candlestick is formed that closed well into (50% / 90%) the (1st / 2nd) candlestick.
It is considered as a major reversal signal that is more bullish than the regular ________ _________ pattern because of the existence of the Doji.
Morning Doji Star
- Large Black Doji Below
- White 50% 1st Morning Star Pattern
Bullish Harami Cross A large (black / white) body followed by a _____.
It is considered as a reversal signal when it appears at the (top / bottom) of a (uptrend / downtrend).
Bullish Harami Cross
- Black
- Doji
- Bottom
- Downtrend
Piercing Pattern
What color body appears first?
Piercing Pattern
Black
Long Lower Shadow
A (black / white) candlestick is formed with a lower tail that has a length of 2/3 or more of the total range of the candlestick.
Normally considered a bullish signal when it appears around price (support / resistance) levels.
Long Lower Shadow
- Either Black or White
- Support
After a Long Black Candle and Doji, traders should be on the alert for a potential _______ ________ _________.
Morning Doji Star
Bearish Harami
Consists of an unusually large (black / white) body followed by a small (black / white) body (contained within large first body).
It is considered as a (bullish / bearish) pattern when preceded by a (uptrend / downtrend).
Bearish Harami
- White
- Black
- Bearish
- Uptrend
Gravestone Doji
Formed when the opening and closing prices are at the (lowest / highest) of the day.
If it has a longer (upper / lower) shadow, it signals a bearish trend.
When it appears at market (top / bottom) it is considered a reversal signal.
Gravestone Doji
- Lowest
- Upper
- Top
Spinning Top
A (black / white) candlestick with a (small / large) body.
The size of shadows can vary. Interpreted as a (neutral / reversal) pattern but gains importance when it is part of other formations.
Spinning Top
- Either Black or White Small Neutral
Piercing Pattern appears where?
How many candlesticks make up this pattern?
Piercing Pattern
Strong Downtrend
2
Tweezer Bottoms
Consists of two or more candlesticks with matching (tops / bottoms).
The candlesticks may or may not be consecutive and the sizes or the colors can vary.
It is considered as a (minor / major) (continuation / reversal) signal that becomes more important when the candlesticks form another pattern.
Tweezer Bottoms
- Bottoms
- Minor
- Reversal
Long Lower Shadow
A black or a white candlestick is formed with a lower tail that has a length of 2/3 or more of the total range of the candlestick.
Normally considered a (bullish / bearish) signal when it appears around price support levels.
Long Lower Shadow
- Bullish
Three White Soldiers Consists of three long white candlesticks with consecutively (lower / higher) closes. The closing prices are near to or at their highs. When it appears at bottom it is interpreted as a bottom (continuation / reversal) signal.
Three White Soldiers
- Higher
- Reversal
Spinning Top
A (black / white) candlestick with a small body.
The size of shadows can vary. Interpreted as a neutral pattern but gains importance when it is part of other _____.
Spinning Top
- Either Black or White
- Formations or patterns
Long Upper Shadow
A black or a white candlestick with an upper shadow that has a length of 2/3 or more of the total range of the candlestick.
Normally considered a bearish signal when it appears around price (support / resistance) levels.
Long Upper Shadow
Resistance
