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Candlestick patterns

On-neck candlestick pattern: What is it?

The on-neck candlestick pattern is a 2-bar continuation pattern. Closing prices of the second candle is nearly the same than first candle high/low forming a horizontal neckline. Statistics to prove if the On-neck pattern really works The on-neck candlestick pattern is a bearish continuation pattern that appears during a downtrend in the market. It consists […]

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Candlestick patterns

In-neck candlestick pattern: Full Guide

The in-neck candlestick pattern is a 2-bar continuation pattern. Closing prices of both candles are the same or nearly the same forming a horizontal neckline. Statistics to prove if the In-neck pattern really works The in-neck candlestick pattern is a bearish continuation pattern. It appears during downtrends and predicts the continuation of the current downtrend […]

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Candlestick patterns

Tri-star Candlestick Pattern: Complete Guide

The tri-star candlestick pattern is a 3-bar trend reversal pattern. There must be a clear and defined trend in the market.  Three consecutive Doji candles must appear.  The second Doji candle must create a gap below the first and third Doji candles creating a shape that resembles the letter “V” (or the opposite for the […]

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Candlestick patterns

Kicking candlestick pattern: Full Guide

The kicking candlestick pattern is a 2-bar reversal pattern. It is made of two opposite side marubozus separated by a price gap. Statistics to prove if the Kicking pattern really works The kicking candlestick pattern is a two-bar trading pattern that signals an upcoming reversal of the current trend in the market. It signals a […]

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Candlestick patterns

Concealing Baby Swallow candlestick pattern

The concealing baby swallow candlestick pattern is a 4-bar bullish reversal pattern. The first candle must be a Marubozu which appears during a trend.  The second candle must also be a same color Marubozu. It opens within the body of the previous candle and closes out of the previous closing price. The first two candles […]

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Candlestick patterns

Counterattack candlestick pattern

The counterattack candlestick pattern is a reversal pattern that indicates the upcoming reversal of the current trend in the market. There are two variants of the counterattack pattern, the bullish counterattack pattern and the bearish counterattack pattern. The counterattack candlestick pattern is a 2-bar reversal pattern. It should appear in a strong trending market. The […]

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Candlestick patterns

Breakaway candlestick pattern: Full Guide

The breakaway candlestick pattern is a five bar reversal candlestick pattern. It can be bullish or bearish. The first candle must be a long candle. The next three candles must be spinning tops.  The second candle must also create a gap between the first and itself.  The fifth candle must be a long candle closing […]

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Candlestick patterns

Ladder Bottom candlestick pattern: Definition

The ladder bottom candlestick pattern is a 5-bar bullish reversal pattern. It forms following these characteristics: The first three long black candlesticks, resembling three black crows formation, with successive lower opens and close The fourth is also a black candlestick but with a short body and an upper wick The fifth white candlestick opening above […]

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Candlestick patterns

Three White Soldiers Candlestick Pattern

The three white soldiers candlestick pattern is a 3-bar bullish pattern. It has 3 long green candles, each making new higher high. Each candle’s body should be approximately the same size. Statistics to prove if the Three White Soldiers pattern really works What is the Three White Soldiers candlestick pattern? The three white soldiers candlestick […]

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Candlestick patterns

Advance Block Candlestick Pattern

The advance block candlestick pattern is a 3-bar bearish reversal pattern. It has three long green candles with consecutively higher closes than the previous candles. Each candle has a shorter body than the previous one. Statistics to prove if the Advance Block pattern really works What is the Advance Block candlestick pattern? The advance block […]