|
Bearish Continuation:
Pattern: A long black body followed by several small body's and ending in another long black body. The small body's are usually contained within the first black body's range.
Interpretation: A strong bearish continuation pattern.
Big Black Candle:
Pattern: An unusually long black body with a wide range. Prices open near the high and close near the low. ( A Black Marubozu when the candlestick doesn't has lower / upper shadows (wicks).
Interpretation: A strong bearish pattern.
Black Body:
Pattern: This candlestick is formed when the closing price is lower than the opening price.
Interpretation: A bearish trading signal. More important when part of a pattern.(3 black crows)
Long Upper Shadow:
Pattern: A candlestick with an upper wick that has a length equal to or greater than the range of the candlestick. Sellers dominate the session end and bid prices lower
Interpretation: A bearish signal.
On Neck-Line:
Pattern: In a downtrend, a black candlestick is followed by a small white candlestick with its close near the low of the black candlestick.
Interpretation: A bearish continuation pattern where the market should move lower when the white candlestick's low is penetrated by the next bar.
Three Black Crows:
Pattern: 3 Black Bodies indicates a period of powerful selling pressure. ( Note: the lower shadows on three black crows are small, or in some cases even nonexistent.)
Interpretation: Three Black Crows is a strong bearish continuation pattern.. |
