Deep Technical & Historical Stock Market Analysis Using OLAP

Archive for the ‘Candlestick Patterns’ Category

This pattern consists of two white candlesticks which are about the same size. The candlesticks both have the same open. If these candlesticks gap lower from a previous candlestick and the market is in an downtrend, this signals that the downtrend will continue.

Side By Side White Gapping Down Candlestick Pattern

This candlestick is a small body with a long upper shadow and little or no lower shadow. When this appears in an uptrend it is bearish signal.

Shooting Star Candlestick Pattern

also what effect of STS AND RSI when they are above 70

This pattern consists of two candlesticks. A black candlestick is followed by a white candlestick. Both candlesticks have the same open. When this pattern appears in an uptrend it is a signal that the uptrend should continue.

Separating Lines Bullish Candlestick Pattern

This pattern consists of two candlesticks. A white candlestick is followed by a black candlestick. Both candlesticks have the same open. When this pattern appears in a downtrend it is a signal that the downtrend should continue.

Separating Lines Bearish Candlestick Pattern

This pattern consists of five candlesticks. The first candlestick is long and white; it is followed by three small black bodies each of which closes lower than the prior one.  All of the small black bodies hold within the range of the first white candlestick.  The final candlestick is a long white body that closes at a new high. In an uptrend this is a bullish continuation pattern showing that the bears tried to stop the uptrend but were unsuccessful.

Rising Three Method Candlestick Pattern

This pattern consists of two candlesticks.  The first is black the second white. The white candlestick body opens lower than the black body close, but closes above the midpoint of the black body. This is a bullish continuation pattern.

Piercing Line Candlestick Pattern

An outside bar is a bar whose trading range totally encompasses that of its predecessor. These patterns develop after both down and up trends and represent exhaustion.

Outside Bar Candlestick Pattern

First day we see a long black candle. The second day is white day, opening below the low of the first day and closing barely into the body of the first day. Because the On Neck does not trade up to the previous day’s close or into day one’s candle, it serves as a strong bearish continuation signal.

On Neck Candlestick Pattern

This pattern consists of three candlesticks. This pattern is the same as the Morning Star except a Doji appears instead of a small white body.

Morning Doji Star Candlestick Pattern