Major Candlestick Patterns Flashcards by mart julien

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

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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

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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

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Piercing Pattern What color body appears 2nd?

Piercing Pattern

White

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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

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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

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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

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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

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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

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Piercing Pattern

The white day must close (above / below) (50% / 100%) level of the black body?

Piercing Pattern

Above

50%

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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

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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

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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

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Dark Cloud Cover

More (buying / selling) confirms the pattern?

Dark Cloud Cover

Selling

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Dark Cloud Cover

The Black day must close (above / below) (50% / 100%) level of the white body?

Dark Cloud Cover

Below

50%

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Inverted Black Hammer

A black body in an upside-down hammer position.

Usually considered a (top / bottom) reversal signal.

Inverted Black Hammer

Bottom

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Dark Cloud Cover

What color body appears first?

Dark Cloud Cover

White

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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

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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

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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

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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 Resistance