Candlestick trading video series
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Candlestick Trading video series
https://www.youtube.com/user/CandlestickCharts
Some candlestick patterns in bullish and bearish conditions
There are more than 100 patterns in candlestick charts.
Experts are always working on making more accurate predictions from the patterns.
Some of the patterns have both bearish and bullish versions.
Here are some patterns which have both bullish and bearish versions.
Harami
Bearish Harami consists of an unusually large white body followed by a small black body.
It is considered as a bearish pattern when preceded by an uptrend.
Bullish Harami consists of an unusually large black body followed by a small white body.
It is considered as a bullish pattern when preceded by a downtrend.
3-method-formation
The Bearish 3-Method Formation is a long black body followed by three small bodies and a long black body.
The three white bodies are contained within the range of first black body.
This is considered as a bearish continuation pattern.
The Bullish 3-Method Formation consists of a long white body followed by three small bodies (normally black) and a long white body.
The three black bodies are contained within the range of first white body.
This is considered as a bullish continuation pattern.
Harami Cross
The Bearish Harami Cross consists of a large white body followed by a Doji.
This pattern is considered as a reversal signal when it appears at the top.
The Bullish Harami Cross is a large black body followed by a Doji.
It is considered as a reversal signal when it appears at the bottom.
Engulfing Line
Engulfing Bearish Line consists of a small white body that is contained within the followed large black candlestick.
When it appears at top it is considered as a major reversal signal.
The Engulfing Bullish Line consists of a small black body that is contained within the followed large white candlestick.
When it appears at bottom it is interpreted as a major reversal signal.
