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Author: Admin | 2025-04-28
Candlestick that closes well into the body of the first candle, confirming the reversal. Evening Star: Appears at the top of an uptrend, signaling a potential bearish reversal. It consists of: - A long bullish (green) candlestick showing strong buying pressure. - A small-bodied candlestick (bullish or bearish) indicating indecision, often gapping up from the previous candle. - A long bearish (red) candlestick that closes well into the body of the first candle, confirming the reversal. 2. Continuation Patterns Doji Patterns: Candles with very small bodies, indicating market indecision. Variations include Long-Legged Doji, Dragonfly Doji, and Gravestone Doji. Rising and Falling Three Methods: These are five-candle continuation patterns indicating the resumption of the prevailing trend after a brief consolidation. Rising Three Methods: Occurs during an uptrend, signaling a continuation of bullish momentum. It consists of: - A long bullish (green) candlestick showing strong buying pressure. - Three (or more) small-bodied bearish (red) candlesticks that stay within the range of the first bullish candle, indicating a temporary pullback without breaking the overall uptrend. - A final long bullish (green) candlestick that closes above the high of the first candle, confirming the continuation of the uptrend. Falling Three Methods: Appears during a downtrend, indicating a continuation of bearish momentum. It consists of: - A long bearish (red) candlestick showing strong selling pressure. - Three (or more) small-bodied bullish (green) candlesticks contained within the range of the first bearish candle, reflecting a weak upward retracement. - A final long bearish (red) candlestick that
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