*
BULLISH * |
INTERPRETATION |
Abandoned
Baby |
* INDIQUE UN RENVERSEMENT... (bébé abandonné)
First day is usually a long black day
Second day is a doji that gaps in the direction of the previous trend
The third day is a white day, gapping in the opposite direction, with
no overlapping shadows
|
|
| In a downtrend, the market bolsters the bearish
trend with a long black day and gaps open on the second day. However, the
second day trades within a small range and closes at or near its open. This
scenario definitely shows the potential for a rally, as many positions have
been changed. Confirmation of the trend reversal is given by the white third
day, and is well defined by the upward gap. |
Belt Hold |
* INDIQUE UN RENVERSEMENT...
A white body occurs in a downtrend with no lower shadow |
|
| In a downtrend, a white body occurs with an open that is also
the low for the day. This may signify a rally for the bulls. |
Breakaway
Bullish |
* INDIQUE UN RENVERSEMENT...
The first day is a long black day
The second day is a black day that gaps below the first day
The third and fourth days continue to in the direction of the second with
lower consecutive closes
The fifth day is a long white day that closes into the gap between the
first and second days
|
|
| A downtrend sees prices bottoming out and leveling
off. The result is a long white day which does not close the gap into the
body of the first day. This suggests a short term reversal. |
Concealing
Baby Swallow Bullish |
* INDIQUE UN RENVERSEMENT...
The first two days are Black Marubozu days
The third day is black day that gaps downward, but trades into the body
of the second day
The fourth day is a Black Marubozu day that engulfs the third day
|
|
In a strong downtrend, highlighted by two consecutive Black
Marubozu days, a gapping black day trades into the body of the previous
day. The last day, another Black Marubozu, shows investors selling off,
as it closes at a new low. This provides an opening for the shorts to
cover their positions. A bullish reversal should ensue.
|
Doji Star
Bullish |
* INDIQUE UN RENVERSEMENT...
First day is a long black day
Second day is a doji that gaps in the direction of the previous trend
The shadows of the doji should not be long
|
|
| In a downtrend, the market bolsters the bears
with a long black day and gaps open on the second day. However, the second
day trades within a small range and closes at or near its open. This scenario
generally shows the potential for a rally, as many positions have been changed.
Confirmation of the trend reversal would be a higher open on the next trading
day. |
Dragonfly
Doji Bullish (Hammer) |
* INDIQUE UN RENVERSEMENT... (marteau)
Small real body at the upper end of the trading range
Lower shadow at least twice as long as the real body
No (or almost no) upper shadow |
|
| There is a sharp sell off after the market opens during a
downtrend. However, by the end of the trading day, the market closes at
or near its high for the day. This signifies a weakening of the previous
bearish sentiment, especially if the real body is white (the close is higher
than the open price). Since the certainty for a Hammer indicator is low,
the trend reversal can be confirmed by a higher open and an even higher
close on the next trading day. If the open and the close are identical,
the indicator is considered a Dragonfly Doji. The Dragonfly Doji has a higher
reliability associated with it than a Hammer. |
Engulfing |
* INDIQUE UN RENVERSEMENT...
A long black day occurs
The second day is a white that completely engulfs the real body of the
first day
|
|
| Occurring in a downtrend, the Engulfing depicts an opening
at a new low, followed by a high buy-in that closes at or above the previous
day’s open. This signifies that the downtrend has lost momentum and
the bulls may be gaining strength. The Engulfing indicator is also the first
two days of the Three Outside patterns.
|
Gravesstone
Doji |
* INDIQUE UN RENVERSEMENT...
Small real body at the lower end of the trading range
Upper shadow usually no more than twice as long as the real body
No (or almost no) lower shadow |
|
As the market opens below the close of the previous day,
the bulls rally briefly, but not enough to close above the previous day’s
close. As this leaves shorts in a losing position, the Inverted Hammer
presents the potential for an upcoming rally. Confirmation of the trend
reversal would by an opening above the body of the Inverted Hammer on
the next trading day. If the open and the close are identical, the indicator
is considered a Gravestone Doji. The Gravestone Doji has a higher reliability
associated with it than an Inverted Hammer.
|
Hammer |
* INDIQUE UN RENVERSEMENT...
Small real body at the upper end of the trading range
Lower shadow at least twice as long as the real body
No (or almost no) upper shadow |
|
| There is a sharp sell off after the market opens during a
downtrend. However, by the end of the trading day, the market closes at
or near its high for the day. This signifies a weakening of the previous
bearish sentiment, especially if the real body is white (the close is higher
than the open price). Since the certainty for a Hammer indicator is low,
the trend reversal can be confirmed by a higher open and an even higher
close on the next trading day. If the open and the close are identical,
the indicator is considered a Dragonfly Doji. The Dragonfly Doji has a higher
reliability associated with it than a Hammer. |
Harami |
* INDIQUE UN RENVERSEMENT...
A long black day occurs
The second day is a white day where the real body is completely engulfed
by the real body of the first
|
|
| After a long black day at the low end of a downtrend, a white
candlestick opens higher than the previous day’s close. The price
is driven up, as many shorts are covered, which encourages further buy-ins.
The Harami indicator should be confirmed with the next trading day’s
candlestick following the reversal trend. The Harami pattern is also the
first two days of the Three Inside patterns. |
Harami Cross |
* INDIQUE UN RENVERSEMENT...
A long black day occurs
The second day is a doji within the real body of the previous day
|
|
After a long black day at the low end of a downtrend, the
market opens higher than the previous day’s close and closes at the
open. The Harami Cross indicator is more definite than the basic Harami
indcator, and signifies a reversal for the bulls.
|
Homing Pigeon |
* INDIQUE UN RENVERSEMENT...
The first day is a long black day
The second day is a smaller black day that is within the body of the first
day
|
|
| In a downtrend, the bears continue to have their way. However,
the second day opening and closing within the body of the first day suggests
an erosion of the downtrend. Ensuing sell-offs, followed by buy-ins could
result in a bullish reversal. |
Inverted
Hammer
Gravestone Doji Bullish |
* INDIQUE UN RENVERSEMENT... (Marteau inversé)
Small real body at the lower end of the trading range
Upper shadow usually no more than twice as long as the real body
No (or almost no) lower shadow |
|
| As the market opens below the close of the previous day, the
bulls rally briefly, but not enough to close above the previous day’s
close. As this leaves shorts in a losing position, the Inverted Hammer presents
the potential for an upcoming rally. Confirmation of the trend reversal
would by an opening above the body of the Inverted Hammer on the next trading
day. If the open and the close are identical, the indicator is considered
a Gravestone Doji. The Gravestone Doji has a higher reliability associated
with it than an Inverted Hammer. |
Kicking |
* INDIQUE UN RENVERSEMENT...
The first day is a Black Marubuzo day
The second day is a White Marubuzo day that gaps upward |
|
| This pattern is a strong sign that the market is headed upward.
With this indicator, the previous market direction is not as important as
with other indicators. |
Ladder Bottom |
* INDIQUE UN RENVERSEMENT...
Three black days occur with consecutively lower opens and closes
The fourth day is black with some upper shadow
The fifth day is a white day that opens above the body of the fourth day
|
|
| In a considerable downtrend, the shorts may have a chance
to sell and take in any profits by the fourth day. This results in a gap
upward on the fifth day. If the body of the fifth day is long, or the volume
of trading is high, a bullish reversal has likely occurred. |
Mat Hold |
* INDIQUE UNE CONTINUATION...
The first day is a long white day
The second day gaps up and is a black day
The second, third, and fourth days have small real bodies and follow a
brief downtrend pattern, but stay within the range of the first day
The fifth day is a long white day that closes above the close of the first
day
|
|
| The Mat Hold pattern is similar to the Rising Three Methods
pattern. In an uptrend, a long white day occurs, following by three days
of small real bodies that fall into a short downtrend. On the fifth day,
the bulls come in strong to close at a new high. It appears that attempts
to reverse the trend occurred, but failed. The upward trend should continue.
|
Matching
Low |
* INDIQUE UN RENVERSEMENT...
The first day is a long black day
The second day is a black day with a close equivalent to the first day’s
close
|
|
In a downtrend two black days occur with equal closes. This
suggests short-term support, and can cause a reversal on the next day of
trading.
|
Meeting Lines
Bullish |
* INDIQUE UN RENVERSEMENT...
The first day is a long black day, and has a body that is lower than the
previous trend
The second day is a long white day, and has a body that is also lower than
the previous trend.
Both days have identical closes |
|
| In a downtrend two days open below the previous trend. Even
though the second day open low, it rallies to close at the close of the
previous day. This typically means a benchmark has be defined by traders,
and a reversal is likely. |
Morning Doji
Star Bullish |
* INDIQUE UN RENVERSEMENT...
First day is a long black day
Second day is a doji that gaps in the direction of the previous trend
The third day is a white day
|
|
| In a downtrend, the market bolsters the bearish trend with
a long black day and gaps open on the second day. However, the second day
trades within a small range and closes at or near its open. This scenario
generally shows the potential for a rally, as many positions have been changed.
Confirmation of the trend reversal is given by the white third day. The
Morning Doji Star is a fully realized bullish Doji Star pattern. |
Morning Star |
* INDIQUE UN RENVERSEMENT... (Étoile du matin)
First day is a long black day
Second day is a small day that gaps in the direction of the previous trend
The third day is a white day |
|
| In a downtrend, the market bolsters the bearish trend with
a long black day and gaps open on the second day. However, the second day
trades within a small range and closes at or near its open. This scenario
generally shows the potential for a rally, as many positions have been changed.
Confirmation of the trend reversal is given by the white third day. |
Piercing
Line |
* INDIQUE UN RENVERSEMENT...
First day is a long black day
Second day is a white day with an open below previous days low
Second days close is within but above the midpoint of the first days body
|
|
| In a downtrend the market gaps open, but rallies strong to
close above the previous days midpoint. This pattern suggests an opportunity
for the bulls to enter the market and support the trend reversal. The Piercing
Line pattern is the opposite of the Dark Cloud Cover. |
Rising Three
Methods |
* INDIQUE UNE CONTINUATION...
The first day is a long white day
The second, third, and fourth days have small real bodies and follow a
brief downtrend pattern, but stay within the range of the first day
The fifth day is a long white day that closes above the close of the first
day |
|
| In an uptrend, a long white day occurs, following by three
days of small real bodies that fall into a short downtrend. On the fifth
day, the bulls come in strong to close at a new high. This small downtrend,
in between two long white days, is consistent with investors taking a break.
The upward trend should continue. |
Separating
Lines |
* INDIQUE UNE CONTINUATION...
The first day is a black day
The second day is a white day that has the same opening price as the first
day |
|
| In an uptrend a long black day occurs. The second day, however,
picks up where the previous day’s trading left off and rallies to
close higher. This suggests that the uptrend should remain intact. |
Side by Side
Whites Lines |
* INDIQUE UNE CONTINUATION...
The first day is a white day
The second day is a white day that gaps up
The third day is a white day of about the same body length and close as
the second day
|
|
| In an uptrend three white days occur with an upward gap between
the first two and a similar body length and close for the last two. This
suggests a definite building of the uptrend. |
Stick Sandwich |
* INDIQUE UN RENVERSEMENT...
The first day is a black day
The second day is a white day that trades above the close of the first
day
The third day is a black day with a close equivalent to the first day
|
|
| This pattern shows three days consecutive higher opens, but
results in an eventual close equal to the first day’s close. This
pattern is indicative of the market finding a support price. The overall
trend has the potential to reverse, building on the new support price. |
Three Inside
Up |
* INDIQUE UN RENVERSEMENT...
A bullish Harami pattern occurs in the first two days
The third day is a white day with a higher close than the second day
|
|
| This pattern is a more reliable addition to the standard Harami
pattern. The third day is confirmation of the bullish trend reversal. |
Three Line
Strike |
* INDIQUE UNE CONTINUATION...
Three long white days occur with consecutively higher closes
The fourth day opens higher and closes below the open of the first day
|
|
| The black day drives prices back to where they were at the
start of the pattern. If the bullish trend was strong before the pattern,
then it should continue. |
Three Outside
Up |
* INDIQUE UN RENVERSEMENT...
A bullish Engulfing pattern occurs in the first two days
The third day is a white day with a higher close than the second day
|
|
| This pattern is a more reliable addition to the standard Engulfing
pattern. The third day is confirmation of the bullish trend reversal. |
Three Stars
in The South |
* INDIQUE UN RENVERSEMENT...
The first day is a long black day with a long lower shadow
The second day is a black day similar to the first, but smaller, with
a low above the first days low
The third day is a small Black Marubozu that lies within the second days
trading range |
|
| In a downtrend three black days occur. However each day is
consecutively weaker within the trend, suggesting that some buying is occurring.
Small rallies on each day keep the market’s lows from reaching that
of the first day. All indications are that the tide is slowly turning toward
the bulls. |
Three White
Soldiers |
* INDIQUE UN RENVERSEMENT...
Three long white days occur, each with a higher close than the previous
day
Each day opens within the body of the previous day and closes near the
high of the day
|
|
| In a downtrend three long white days occur with consecutively
higher closes. Generally this suggests future market fortitude, as a reversal
is in progress that is building on moderate upward steps. |
Tri Star |
* INDIQUE UN RENVERSEMENT...
A doji occurs on three consecutive trading days
The second doji gaps below the first and third
|
|
| In an long downtrend, the market shows signs of a rally as
the real bodies have grown progressively smaller. The trend culminates with
the bullish Tri Star, identifying that many bearish positions may be reversing.
|
Unique Three
River Bottom |
* INDIQUE UN RENVERSEMENT...
The first day is a long black day
The second is a black Harami day, with a shadow that sets a new low
The third day is a short white day which closes below the close of the
second day |
|
| Two black days occur consecutively, with the second day’s
body within that of the first day. However, the long lower shadow shows
the bearish tide may be reversing. The third day opens lower, reinforcing
the indecision of the market and ends in a rally. The bulls should take
over. |
Upside Gap
Three Bottom |
* INDIQUE UNE CONTINUATION...
Two long white days occur with a gap between them
The third day is a black day that fills the gap between the first two
days
|
|
| An uptrend is followed by two long white days with a gap upward
between them. The third day is a black day, but one that closes the gap
between the first two. This should be seen as support for the upward trend,
and may be caused by temporary profit taking. |
Upside Tasuki
Gap |
* iNDIQUE UNE CONTINUATION...
The first two days are white days with an opening gap
The third day is a black day that opens within the body of the second
day and closes within the gap of the first two days
|
|
| In an uptrend a white day occurs, followed by another white
day that gaps up. A black day ensues, and is likely the result of temporary
profit taking. The trend should continue to follow the direction of the
upward gap. |
*
BEARISH * |
INTERPRETATION |
Abandoned
Baby |
* INDIQUE UN RENVERSEMENT... (bébé abandonné)
First day is usually a long white day
Second day is a doji that gaps in the direction of the previous trend
The third day is a black day, gapping in the opposite direction, with
no overlapping shadows |
|
| In an uptrend, the market builds strength on
a long white day and gaps open on the second day. However, the second day
trades within a small range and closes at or near its open. This scenario
definitely shows an erosion of confidence in the current trend. Confirmation
of the trend reversal is the black third day, which is given extra validation
by the downward gap. |
Advanced
Block |
* INDIQUE UN RENVERSEMENT...
Three long white days occur, each with a higher close than the previous
day
Each day opens within the body of the previous day and closes near the
high of the day
Each days body is significantly smaller than the previous days body
The second and third days should exhibit long upper shadows
|
|
| In an uptrend three long days occur with consecutively
higher closes. This pattern is similar to the Three White Soldiers pattern,
however, in this case, each successive day is weaker than the one preceding
it. This suggests that the previous rally is losing strength, and preparing
for a reversal. |
Belt Hold
Bearish |
* INDIQUE UN RENVERSEMENT...
A black body occurs in an uptrend with no upper shadow
|
|
| In an uptrend, a black body occurs with an open
that is also the high for the day. This may cause many positions to be sold,
perpetuating a bearish reversal. |
Breakaway
Bearish |
* INDIQUE UN RENVERSEMENT...
The first day is a long white day
The second day is a white day that gaps above the first day
The third and fourth days continue to in the direction of the second
with higher consecutive closes
The fifth day is a long black day that closes into the gap between the
first and second days
|
|
| An uptrend sees a bullish surge that eventually
weakens. The result is a long black day that does not close the gap into
the body of the first day. This suggests a short-term reversal. |
Dark Cloud
Cover |
* INDIQUE UN RENVERSEMENT...
First day is a long white day
Second day is black with an open above the high of the previous day
Second day closes within but below the midpoint of the first day’s
body
|
|
| In an uptrend the market gaps open, but loses
ground to fall below the midpoint of the previous day. The Dark Cloud Cover
pattern suggests an opportunity for the shorts to capitalize on the next
day’s open: a warning sign to bullish investors. The Dark Cloud Cover
pattern is the opposite of the Piercing line pattern. |
Deliberation |
* INDIQUE UN RENVERSEMENT...
Two long white days occur, the second with a higher close than the
first
A third white day is a spinning top or doji that gaps above the second
day
|
|
| In an uptrend three white days occur with consecutively
higher closes. This pattern is a derivative of the Three White Soldiers
pattern and is very similar to the Advance Block pattern. Even though an
uptrend continues, the small third body suggests that the previous rally
is losing strength and preparing for a reversal. |
Downside
Gap Three Methods |
* INDIQUE UNE CONTINUATION...
Two long black days occur with a gap between them
The third day is a white day that fills the gap between the first two
days
|
|
| A downtrend is followed by two long black days
with a gap downward between them. The third day is a white day, but one
that closes the gap between the first two. This should be seen as support
for the downward trend. |
Downside
Tasuki Gap |
* INDIQUE UNE CONTINUATION...
The first two days are black days with an opening gap
The third day is a white day that opens within the body of the second
day and closes within the gap of the first two days
|
|
| In a downtrend a black day occurs, followed by
another black day that gaps down. A white day ensues, and is likely the
result of investors temporarily taking advantage of the low buying price.
The trend should continue to follow the direction of the downward gap. |
Doji Star |
* INDIQUE UN RENVERSEMENT...
First day is a long white day
Second day is a doji that gaps in the direction of the previous trend
The shadows of the doji should not be long
|
|
| In an uptrend, the market builds strength on
a long white day and gaps open on the second day. However, the second day
trades within a small range and closes at or near its open. This scenario
generally shows erosion of confidence in the current trend. Confirmation
of a trend reversal would be a lower open on the next trading day. |
Dragonfly
Doji |
*
INDIQUE UN RENVERSEMENT...
Small real body at the upper end of the trading range
Lower shadow at least twice as long as the real body
No (or almost no) upper shadow
|
|
| There is a sharp sell off after the market opens
during an uptrend. However, by the end of the trading day, the market closes
at or near its high for the day. This signifies the potential for further
sell-offs. Since the certainty for a Hanging Man indicator is low, the trend
reversal can be confirmed by a black candlestick or a large down gap on
the next trading day accompanied by a lower close. If the open and the close
are identical, the indicator is considered a Dragonfly Doji. The Dragonfly
Doji has a higher reliability associated with it than a Hanging Man. |
Engulfing |
* INDIQUE UN RENVERSEMENT...
A long white day occurs
The second day is a black day that completely engulfs the real body
of the first day
|
|
| Occurring in an uptrend, the Engulfing depicts
an opening at a new high, followed by a high volume sell-off that closes
at or below the previous day’s open. This signifies that the uptrend
has been hurt and the bears may be gaining strength. The Engulfing indicator
is also the first two days of the Three Outside patterns. |
Evening Doji
Star |
* INDIQUE UN RENVERSEMENT...
First day is a long white day
Second day is a doji that gaps in the direction of the previous trend
The third day is a black day
|
|
| In an uptrend, the market builds strength on
a long white day and gaps open on the second day. However, the second day
trades within a small range and closes at or near its open. This scenario
generally shows an erosion of confidence in the current trend. Confirmation
of the trend reversal is the black third day. The Evening Doji Star indicator
is the fully realized bearish Doji Star pattern. |
Evening Star |
* INDIQUE UN RENVERSEMENT...
First day is a long white day
Second day is a small day that gaps in the direction of the previous
trend
The third day is a black day
|
|
| In an uptrend, the market builds strength on a long white
day and gaps open on the second day. However, the second day trades within
a small range and closes at or near its open. This scenario generally shows
an erosion of confidence in the current trend. Confirmation of the trend
reversal is the black third day. |
Falling Three
Methods |
* INDIQUE UNE CONTINUATION...
The first day is a long black day
The second, third, and fourth days have small real bodies and follow
a brief uptrend pattern, but stay within the range of the first day
The fifth day is a long black day that closes below the close of the
first day
|
|
| In a downtrend, a long black day occurs, following
by three days of small real bodies that fall into a short uptrend. On the
fifth day, the bears come in strong to close at a new low. This small uptrend,
in between two long black days, is consistent with investors taking a break.
The downward should continue. |
Gravestone
Doji |
* INDIQUE UN RENVERSEMENT...
Small real body at the upper end of the trading range
Prices gap open
Upper shadow usually at least three times as long as the real body
No (or almost no) lower shadow
|
|
| The market gaps open above the previous day’s
close in an uptrend. It rallies to a new high then loses strength and closes
near its low: a bearish change of momentum. Confirmation of the trend reversal
would by an opening below the body of the Shooting Star on the next trading
day. If the open and the close are identical, the indicator is considered
a Gravestone Doji. The Gravestone Doji has a higher reliability associated
with it than a Shooting Star. |
Hanging Man |
* INDIQUE UN RENVERSEMENT...
Small real body at the upper end of the trading range
Lower shadow at least twice as long as the real body
No (or almost no) upper shadow
|
|
| There is a sharp sell off after the market opens
during an uptrend. However, by the end of the trading day, the market closes
at or near its high for the day. This signifies the potential for further
sell-offs. Since the certainty for a Hanging Man indicator is low, the trend
reversal can be confirmed by a black candlestick or a large down gap on
the next trading day accompanied by a lower close. If the open and the close
are identical, the indicator is considered a Dragonfly Doji. The Dragonfly
Doji has a higher reliability associated with it than a Hanging Man. |
Harami |
* INDIQUE UN RENVERSEMENT...
A long white day occurs
The second day is a black day that is completely engulfed by the real
body of the first day
|
|
| After a long white day at the high end of an
uptrend, a black candlestick opens lower than the previous day’s close.
Trading is typically light and the day ends with a close lower than the
open and within body of the first day; a signal that the current uptrend
is losing strength. The Harami indicator should be confirmed with the next
trading day’s candlestick following the reversal trend. The Harami
pattern is also the first two days of the Three Inside patterns. |
Harami Cross |
* INDIQUE UN RENVERSEMENT...
A long white day occurs
The second day is a doji that is within the range of the previous day’s
real bod |
|
| After a long white day at the high end of an
uptrend, the market opens lower than the previous day’s close. Trading
is typically light and the day ends with a close at the same price as the
open and within body of the first day; an even stronger signal than the
basic Harami pattern that the current uptrend is losing strength. |
Identical
Three Crows |
* INDIQUE UN RENVERSEMENT...
Three black days occur, each with a close below the previous day
Each day opens at the close of the previous day
|
|
| In an uptrend three long black days occur that
open at the previous day’s close. This pattern is similar to the Three
Black Crows pattern but typifies a more severe loss of buying power. A bearish
trend is almost certain. |
In Neck |
*
INDIQUE UNE CONTINUATION...
The first day is a long black day
The second is a white day that opens below the low of the previous day
and closes barely above or equal to the close of the previous day
|
|
| The In Neck pattern is a less severe relative
of the On Neck pattern. A small rally is built by the second day, but ends
near the close of the previous black day. Although, as in the case of the
On Neck pattern, the downtrend should prevail, it may take longer to evolve. |
Kicking |
* INDIQUE UN RENVERSEMENT...
The first day is a White Marubuzo day
The second day is a Black Marubuzo day that gaps downward
|
|
| This pattern is a strong sign that the market
is headed downward. With this indicator, the previous market direction is
not as important as with other indicators. |
Meeting Lines |
* INDIQUE UN RENVERSEMENT...
The first day is a long white day, and has a body that is above the
previous trend
The second day is a long black day, and has a body that is also above
the previous trend.
Both days have identical closes
|
|
| In an uptrend two days open above the previous
trend. Even though the second day opens high, it rallies to close at the
close of the previous day. This typically means a benchmark has be defined
by traders, and a reversal is likely. The bearish Meeting Lines pattern
is similar to, but less reliable than the Dark Cloud Cover pattern. |
On Neck |
* INDIQUE UNE CONTINUATION...
The first day is a long black day
The second is a white day (not long) that opens below the low of the
previous day and closes at the low of the previous day
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| The On Neck pattern is typical in a downtrend.
The fact that a small rally is built by the second day, but ends at the
low of the previous black day indicates that the bears should prevail. |
Separating
Lines |
* INDIQUE UNE CONTINUATION...
The first day is a white day
The second day is a black day that has the same opening price as the
first day
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|
| In downtrend a long white day occurs. The second
day, however, picks up where the previous day’s trading left off and
rallies to close lower. This suggests that the downtrend should remain intact. |
Shooting
Star |
* INDIQUE UN RENVERSEMENT...
Small real body at the upper end of the trading range
Prices gap open
Upper shadow usually at least three times as long as the real body
No (or almost no) lower shadow
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|
| The market gaps open above the previous day’s
close in an uptrend. It rallies to a new high then loses strength and closes
near its low: a bearish change of momentum. Confirmation of the trend reversal
would by an opening below the body of the Shooting Star on the next trading
day. If the open and the close are identical, the indicator is considered
a Gravestone Doji. The Gravestone Doji has a higher reliability associated
with it than a Shooting Star. |
Side by Side
White Lines |
* INDIQUE UNE CONTINUATION...
The first day is a black day
The second day is a white day that gaps down
The third day is a white day of about the same body length and close
as the second day
|
|
| In a downtrend a black day is followed by two white that are
gapped below the first day. This typically means the shorts are covering
their positions, and no reversal is about to occur. The downtrend should
remain intact for the near future. |
Three Black
Crows Bearish |
*
INDIQUE UN RENVERSEMENT...
Three black days occur, each with a close below the previous day
Each day opens within the body of the previous day
Each day closes near or at its lows
|
|
| In an uptrend three long black days occur with consecutively
lower closes. This pattern suggests that the market has been at a high price
for too long, and investors are beginning to compensate for it. |
Three Inside
Down |
* INDIQUE UN RENVERSEMENT...
A bearish Harami pattern occurs in the first two days
The third day is a black day with a lower close than the second day
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|
| This pattern is a more reliable addition to the standard Harami
pattern. The third day is confirmation of the bearish trend reversal. |
Three Line
Strike |
* INDIQUE UNE CONTINUATION...
Three long black days occur with consecutively lower closes
The fourth day opens lower, but closes above the open of the first day
|
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| The white day drives prices back to where they were at the
start of the pattern. If the bearish trend was strong before the pattern,
then it should continue. |
Three Outside
Down |
* INDIQUE UN RENVERSEMENT...
A bearish Engulfing pattern occurs in the first two days
The third day is a black day with a lower close than the second day
|
|
| This pattern is a more reliable addition to the standard Engulfing
pattern. The third day is confirmation of the bearish trend reversal. |
Thrusting
Bearish |
* INDIQUE UNE CONTINUATION...
The first day is a long black day
The second is a white day that opens below the low of the previous day
and closes into the body of the previous day, but below the midpoint |
|
| The Thrusting pattern is a weaker relative of the On Neck
and In Neck continuation patterns. A rally is built by the second day, and
closes well into the body of the previous black day. However, since the
second day’s close doesn’t even reach the midpoint of the first
day’s body, the bulls will likely be discouraged and the downtrend
will continue. |
Tri Star |
* INDIQUE UN RENVERSEMENT...
A doji occurs on three consecutive trading days
The second doji gaps above the first and third
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| In an long uptrend, the market shows signs of weakness as
the real bodies have grown progressively smaller. The trend culminates with
the Tri Star, identifying that there is little strength left, and signaling
a return of the bears. |
Two Crows |
* INDIQUE UN RENVERSEMENT...
The first day is a long white day
The second day is a black day that gaps above the first day
The third day is a black day that opens within the body of the second
day and closes within the body of the first day
|
|
| In an uptrend the market closes lower after an opening gap
upwards. This is followed by another black day which fills the gap. The
Two Crows pattern suggests the erosion of the uptrend, and foreshadows a
trend reversal. |
Upside Gap
Two Crows |
* INDIQUE UN RENVERSEMENT...
The first day is a long white day continuing in an uptrend
The second day is black and gaps up
The third day is also black and engulfs the previous black day, but
still closes above the first day
|
|
| In an uptrend the market falters, but still closes above the
previous day’s close. The next day, it falters more but remains above
the first day’s close. This is a signal that the market can no longer
hold its position and is in for a bearish ride. |
