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
The Rising Three
by PRASHANT SHAH -
The Rising Three Category: Continuation Type: Strong The Rising Three is a multi-candle strong bullish continuation pattern. Imagine a strong bullish candle that appears in the uptrend. The body of the next candle remains within the range of the previous bullish candle. Body of the second candle remains between the high and low price of ... Read more
The Falling Three
by PRASHANT SHAH -
The Falling Three Category: Continuation Type: Strong The Falling Three is a multi-candle strong bearish continuation pattern. Imagine a strong bearish candle that appears in the downtrend. The body of the next candle remains within the range of the previous bearish candle. It is not necessarily a Harami pattern, the body should be within the ... Read more
Mat-Hold Pattern
by PRASHANT SHAH -
Mat-Hold Pattern Category: Continuation Type: Strong Mat-Hold Pattern is a multi-candle bullish continuation pattern. Imagine in a strong bullish candlestick pattern appears in the uptrend followed by a gap up opening. The price closes lower in this session and it turns out to be a bearish session. The bearish body of the second pattern is ... Read more
