Recent Posts by Jack Lempart

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...

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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!

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 statement is even stronger when particular...

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Upside Gap Two Crows

See our Patterns Dictionary for other patterns.

Check our CandleScanner software and start trading candlestick patterns!

Japanese name: shita banare niwa garasu
Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: none
See Also: Two Crows

Construction:

  • First candle
    • a candle in an uptrend
    • white body
  • Second candle
    • black body
    • candle's body above the...
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Upside Tasuki Gap

See our Patterns Dictionary for other patterns.

Check our CandleScanner software and start trading candlestick patterns!

Japanese name: uwa banare tasuki
Forecast: bullish continuation
Trend prior to the pattern: uptrend
Opposite pattern: Downside Tasuki Gap

Construction:

  • First candle
    • a candle in an uptrend
    • white body
  • Second candle
    • white body
    • the low above the prior high...
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Recent Comments by Jack Lempart