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
Abandoned Baby Top
by PRASHANT SHAH -
Category: Reversal, Type: Strong Abandoned baby top is a three-candle formation. It is similar to the three evening star pattern we discussed earlier. . A bullish candle in the uptrend is followed by a small body candle that opens above the body of the previous candle with a body gap (gap between bodies). The second ... Read more
Upside Gap Two Crows
by PRASHANT SHAH -
Upside Gap Two Crows Category: Reversal Type: Weak Upside Gap 2 crows is a bearish Japanese candlestick reversal pattern explained in the book of Steve Nisson. There is a strong bullish candlestick pattern in the uptrend followed by a gap-up opening. The trend is up and price pattern is bullish. The bulls could not continue ... Read more
Side-by-side Green Lines – Bearish
by PRASHANT SHAH -
Side-by-side Green lines – Bearish Category: Pullback Type: Strong Normally, the bearish patterns are opposite of bullish patterns. But they are almost similar in this case. Imagine a strong bearish candle appears in the uptrend. The next candle gaps down. The high of current session is lower than the low of the previous session hence ... Read more
