The Morning Star
by PRASHANT SHAH -
The Morning Star Category: Reversal Type: Strong The Morning star is a three-candle formation. It is an extension to the Bullish star pattern that we discussed earlier. A bearish candle in the downtrend followed by a small body candle that opens below the body of the previous candle is a bullish star pattern with a ... Read more
The Evening Star
by PRASHANT SHAH -
The Evening Star Category: Reversal Type: Strong The Evening star is a three-candle formation. It is an extension to the Bearish star pattern that we discussed earlier. A bullish candle in the uptrend followed by a small body candle that opens above the body of the previous candle is a bearish star pattern with a ... Read more
Abandoned Baby Bottom
by PRASHANT SHAH -
Category: Reversal, Type: Strong Abandoned baby bottom is a three-candle formation. It is similar to the three morning star pattern we discussed earlier. A bearish candle in the downtrend is followed by a small body candle that opens below the body of the previous candle with a body gap (gap between bodies). The second gapping ... Read more
Side-by-side Green Lines – Bullish
by PRASHANT SHAH -
Side-by-side Green lines – Bullish Category: Continuation Type: Strong Imagine a strong bullish candle appears in the uptrend. The next candle gaps up, it is a rising window pattern. The low of current session is higher than the previous session hence there is a bullish price action in the uptrend. Price opens lower in the ... Read more
Three Advancing Soldiers
by PRASHANT SHAH -
Three Advancing Soldiers Category: Continuation & Pullback Type: Strong Three Advancing Soldiers is a three-candle bullish continuation pattern. The first candle of the pattern is a strong bullish candle. The open price of the next candle is within the body of the previous bullish candle. It closes higher than the previous candle high and turns ... Read more
Three Black Crows
by PRASHANT SHAH -
Three Black Crows Category: Continuation & Pullback Type: Strong Three Black Crows is a three-candle bearish continuation pattern. The first candle of the pattern is a strong bearish candle. The open price of the next candle is within the body of the previous bearish candle. It closes lower than the previous candle low and turns ... Read more
