Bullish Hammer
The Bullish Hammer is a price pattern which shows up when prices drop significantly, but rallies to close near the open. Visually, the pattern is a hammer-shaped candlestick with a lower shadow indicating price rejection by being significantly larger than the candle body. What is the Bullish Hammer pattern A Bullish Hammer is identified in…
Shooting Star
A Shooting Star is a one bar price action pattern that shows up when prices have advanced significantly, but then fall to close near the open. Therefore, a large upper shadow will form, significantly larger than the candle body, indicating price rejection. What is a Shooting Star A Shooting Star is a bearish pattern with…
Inverted Hammer
An Inverted Hammer is a bullish pattern with a long upper shadow, little or no lower shadow, and a small body forming near the bar low. This may indicate that sellers have lost their strength, supply has been pushing prices lower previously, whereas the Inverted Hammer candle indicates significant buying. What is the Inverted Hammer…
Dragonfly Doji
The Dragonfly Doji is a bullish pattern with a long lower shadow, little or no upper shadow and a doji forming at or near the bar high. Therefore, a Dragonfly Doji is a more restrictive version of the bullish hammer. What is a Dragonfly Doji First, the lower shadow indicates price rejection by being many…
Gravestone Doji
A Gravestone Doji is a one bar price action pattern that shows up when prices have advanced significantly, but then fall to close near the open. Therefore, a large upper shadow will form, significantly larger than the candle body, indicating price rejection. What is a Gravestone Doji A Gravestone Doji is a more restrictive version…
Dark Cloud Cover
The Dark Cloud Cover is a two bar may pattern that may indicate a shift in momentum to the downside. It is composed by an up-close followed by a down-close. Accordingly, the second bearish candle is the basis for the pattern name, forming a “dark cloud” over the preceding bullish candle. What is a Dark…
Bullish Piercing
The Bullish Piercing is a two bar may pattern that may indicate a shift in momentum to the upside. It is composed by a down-close followed by an up-close. Accordingly, the second bullish candle is the basis for the pattern name, piercing above the prior bullish candle. What is a Bullish Piercing Pattern Both bearish…
Three Black Crows
The Three Black Crows pattern is a bearish three bar reversal pattern and may indicate a reversal at the end of an uptrend. To learn more, check out the video below: What is the Three Black Crows Pattern The Three Black Crows pattern is composed by three large consecutive down-closes. All three bars must have…
Three White Soldiers
The Three White Soldiers is a bullish three bar reversal pattern and may indicate a reversal at the end of an downtrend. To learn more, check out the video below: What is the Three White Soldiers Pattern The Three White Soldiers pattern is composed by three large consecutive up-closes. All three bars must have moderately…
Tweezers Bottom
The Tweezers Bottom is a two bar bearish reversal pattern that may indicate a reversal at the end of an downtrend. It is composed by a down-close followed by an up-close. The near identical lows of the two bars is the basis for the pattern name, forming a tweezer bottom. Review the video below to…