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Candle stick patterns

- There are many kinds of candle sticks. With the trend,


reversal, high reliability, low reliability etc.
- The candle stick patterns become with the last years to
preferred chart by many traders, as they represent
amazingly the price action.
- As longer the timeframe, as reliable the pattern is.
- There are some very common patterns, and there are
some very rare that makes them special "event" on the
market
- Mastering the candle stick patterns with any trading
method can improve the trading amazingly.
!llish candle"
earish candle"
Reversal patterns:
The information is taken from the site www.#apanesecandlesticks.com
A candlestick with a long lower shadow and small real
body. The shadow sho!ld be at least twice the length of
the real body, and there sho!ld be no or very little !pper
shadow. The body may be either black or white, b!t the
key is that this candlestick m!st occ!r within the conte$t
of a downtrend to be considered a hammer. The market
may be "hammering" o!t a bottom.
%dentical in appearance to the hammer, b!t appears within the
conte$t of an !ptrend.

!llish -- when a white, real body totally covers, "eng!lfs" the
prior day&s real body. The market sho!ld be in a definable
trend, not chopping aro!nd sideways. The shadows of the prior
candlestick do not need to be eng!lfed.
earish -- when a black, real body totally covers, "eng!lfs" the
prior day&s real body. The market sho!ld be in a definable
trend, not chopping aro!nd sideways. The shadows of the prior
candlestick do not need to be eng!lfed.
'ark-(lo!d (over )bearish*-- a top reversal formation where
the first day of the pattern consists of a strong white, real body.
The second day&s price opens above the top of the !pper
shadow of the prior candlestick, b!t the close is at or near the
low of the day, and well into the prior white, real body.
These candlestick formations consist of a small real body those
gaps away from the real body preceding it. The real body of the
star sho!ld not overlap the prior real body. The color of the star
is not too important, and they can occ!r at either tops or
bottoms. +tars are the e,!ivalent of gaps on standard bar
charts.
Stars make up part of four separate reversal patterns"
-Morning +tar
--vening +tar
-'o#i +tar
Morning +tar-- this is a b!llish bottom reversal pattern. The
formation is comprised of . candlesticks. The first candlestick is
a tall black real body followed by the second, a small real body,
which gaps )opens*, lower )a star pattern*. The third candlestick
is a white real body that moves well into the first period&s black
real body. This is similar to an island pattern on standard bar
charts.
-vening +tar --- a bearish top reversal pattern and co!nterpart
to the Morning +tar. Three candlesticks compose the evening
star, the first being long and white. The second forms a star,
followed by the third, which has a black real body that moves
sharply into the first white candlestick.
'o#i +tars -- When a do#i gaps above a real body in an !ptrend,
or gaps !nder a real body in a falling market, that partic!lar do#i
is called a do#i star. Two pop!lar do#i stars are the evening star
and the morning star.
-vening 'o#i +tar -- a do#i star in an !ptrend followed by a long,
black real body that closed well into the prior white real body.
%f the candlestick after the do#i star is white and gapped higher,
the bearishness of the do#i is invalidated.
Morning 'o#i +tar -- a do#i star in a downtrend followed by a
long, white real body that closes well into the prior black real
body. %f the candlestick after the do#i star is black and gapped
lower, the b!llishness of the do#i is invalidated.
+hooting +tar -- a small real body near the lower end of the
trading range, with a long !pper shadow. The color of the body
is not critical. /ot !s!ally considered a ma#or reversal sign, only
a warning.
%nverted 0ammer-- not really a star, b!t does look like a
shooting star. When occ!rring within a downtrend, may be a
t!rning signal. ody color is not critical.
The information is taken from the site www.#apanesecandlesticks.com
Special patterns:
'o!ble picks1 Twin picks"
'o!ble bottoms1 Twin bottoms"
Weak b!llish1bearish morning1evening star"
Trend hammers after corrections"
(lear hammers on "
'o!ble hammers"
-$amples time"
2ecognize the patterns"
0ope yo!&ve en#oyed.
3ladimir 2ibakov 4 (andle stick patterns webinar.