Monthly Archives: August 2015

Bearish Three-Line Strike

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_5641" align="alignright" width="126"] Figure 1. Bearish Three-Line Strike pattern.[/caption] Japanese name: santeuchi Forecast: bearish continuation Trend prior to the pattern: downtrend Opposite pattern: Bullish Three-Line Strike Number of candle lines: 4 Construction: First candle a candle in a…
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Concealing Baby Swallow

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_5537" align="alignright" width="126"] Figure 1. Concealing Baby Swallow pattern.[/caption] Japanese name: kotsubame tsutsumi Forecast: bullish reversal Trend prior to the pattern: downtrend Opposite pattern: none Number of candle lines: 4 Construction: First candle a Black Marubozu candle in…
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Scanner Settings

All statistics presented on this website were produced by CandleScanner. The efficiency statistics for daily stock charts were calculated with the following settings: Stop Loss: -3.5% FALSE efficiency: below 0.3% LOW efficiency: between 0.3% and 2% MEDIUM efficiency: between 2% and 3.5% HIGH efficiency: above 3.5% Please watch the video below to learn more details how CandleScanner…
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Four-Line and Five-Line Patterns

See our Patterns Dictionary for the full list of candlestick patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_5538" align="alignright" width="490"] Figure 1. Four-line patterns.[/caption] The more candle lines of which a candlestick pattern is composed, the less number of potential occurrences we can expect to find on the candlestick charts. This…
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