Term
Name: Bullish Engulfing Pattern
Location: Valley
Formation: Small down candle followed by a larger up candle
Relationship: Second candle fully covers or engulfs the first candle. |
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Definition
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Term
Name: Bearish Harami
Location: Peak
Formation: Large up candle followed by a smaller down candle
Relationship: Second candle is an inside candle. |
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Term
Name: Piercing Line
Location: Valley
Formation: Down candle followed by an up candle that opens below previous close
Relationship: Second candle closes above the 50% mark of the first candle |
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Definition
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Term
Name: Three Rivers Morning Star
Location: Valley
Formation: Three candle formation. Large down candle followed by small up or down candle and then followed by a larger up candle
Relationship: 3 candle pattern, third candle closes above the 50% mark of first candle. |
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Definition
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Term
Name: Doji Stars
Location: Peak or Valley
Formation: Two candles with no body represented by a horizontal line
Relationship: Open and close are equal for both candles |
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Definition
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Term
Name: Tweezer Bottom
Location: Valley
Formation: Two up or down candles with matching wicks below them
Relationship: Both candles have tied low extreme wicks. |
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Definition
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Term
Name: Bearish Engulfing Pattern
Location: Peak
Formation: Small up candle followed by a larger down candle
Relationship: Second candle fully covers or engulfs the first candle. |
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Definition
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Term
Name: Dark Cloud Covering
Location: Peak
Formation: Up candle followed by a down candle above it
Relationship: Second candle opens above the prior close and closes below 50% of the first candle |
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Definition
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Term
Name: Thrusting Line
Location: Valley
Formation: Down candle followed by an up candle that opens below previous close
Relationship: Second candle does not close above the 50% mark of the first candle |
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Definition
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Term
Name: Shooting Star or Inverted Hammer
Location: Peak - Shooting Star
Location: Valley - Inverted Hammer
Formation: Small Body and Large wick extending away from body on one side. |
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Term
Name: Other Dojis
Location: Peak or Valley
Formation: Two candles with very small equal up or down bodies
Relationship: Open and close are not equal for both candles. |
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Definition
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Term
Name: Bullish Harami
Location: Valley
Formation: Larger down candle followed by a smaller up candle
Relationship: Second candle is an inside candle. |
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Definition
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Term
Name: Incomplete Dark Cloud Covering
Location: Peak
Formation: Up candle followed by a down candle above it
Relationship: Second candle opens above the prior close and closes above 50% of the first candle |
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Definition
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Term
Name: Three Rivers Evening Star
Location: Peak
Formation: Three candle formation. Large up candle followed by small up or down candle and then followed by a larger down candle
Relationship: 3 candle pattern, third candle closes below the 50% mark of first candle. |
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Definition
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Term
Name: Hammer or Hangman
Location: Peak
Formation: Small Body and Large wick extending away from body on one side. |
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Definition
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Term
Name: Tweezer Top
Location: Peak
Formation: Two up or down candles with matching wicks above them
Relationship: Both candles have tied high extreme wicks |
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Definition
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