Blog

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…
Read more

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…
Read more

Upside Gap Two Crows

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_5496" align="alignright" width="126"] Figure 1. Upside Gap Two Crows pattern.[/caption] 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…
Read more

Upside Tasuki Gap

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_5497" align="alignright" width="126"] Figure 1. Upside Tasuki Gap pattern.[/caption] 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…
Read more