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
Three Line Strike Pattern – Bullish
by PRASHANT SHAH -
Three Line Strike Pattern – Bullish Category: Reversal & Pullback Type: Strong Bullish Three Line strike is a four-candle bullish trend reversal candlestick pattern. Imagine there is a series of three bearish candlestick patterns in a row. It shows a strong downtrend and a bearish scenario. In the fourth candle, price opens within the body ... Read more
Three Line Strike Pattern – Bearish
by PRASHANT SHAH -
Three Line Strike Pattern – Bearish Category: Reversal & Pullback Type: Strong Bearish Three Line strike is a four-candle bearish trend reversal candlestick pattern. Imagine there is a series of three bullish candlestick patterns in a row. It shows a strong uptrend and a bullish scenario. In the fourth candle, price opens within the body ... Read more
Three River Bottom
by PRASHANT SHAH -
Three River Bottom Category: Reversal Type: Weak Three River bottom is a three-candle pattern doesn’t occur frequently but the formation is very interesting. It is a bullish trend reversal pattern that indicates that the strong bottom is in place. In the downtrend, the strong bearish candle appears which suggests that there is a strong bearish ... Read more
