See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_3846" align="alignright" width="126"] Figure 1. Dark Cloud Cover pattern.[/caption] Forecast: bearish reversal Trend prior to the pattern: uptrend Opposite pattern: Piercing Construction: First candle a candle in an uptrend white body Second candle black body the opening above…
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Two-Line Patterns
See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! The two-line patterns, as the name implies, are composed of two basic candles (lines). CandleScanner recognizes 36 patterns from this group. Only some of these patterns originate from original Japanese sources. Some western authors introduced new patterns, mainly Greg Morris.…
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Southern Doji
See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_3735" align="alignright" width="126"] Figure 1. Southern Doji pattern.[/caption] Forecast: bullish reversal Trend prior to the pattern: downtrend Opposite pattern: Northern Doji Construction: a doji candle with at least one shadow if the candle prior this pattern is of…
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Gapping Up Doji
See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_3732" align="alignright" width="126"] Figure 1. Gapping Up Doji pattern.[/caption] Forecast: bullish continuation Trend prior to the pattern: uptrend Opposite pattern: Gapping Down Doji Construction: a doji candle with at least one shadow pattern's low price has to be…
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