Candlestick charts explained
Posted in Bullish reversals, and Continuation patterns
The white marubozu is a simple single candle pattern. As the name suggests it is white, showing that the stock price closed on a higher level than it started the day. It has a long body without any lower or upper shadows. The day opens and prices continue to move…
Posted in Bearish reversals, and Continuation patterns
The black marubozu is a simple single candle pattern. As the name suggests it is black, showing that the stock price closed on a lower level than it started the day. It has a long body without any lower or upper shadows. The day opens and prices continue to move…
Posted in Bullish reversals
Bullish kicking is a two candlestick reversal pattern. A downtrend prevails on the market. On the first day a black marubozu appears, that is followed by a white marubozu on the second day. The second day opens higher with a body gap. What happens on the market when a this…
The bullish separating lines is a two-line bullish continuation pattern. On the first day a long black candle is formed that is followed by a long white one. The two candles have the same opening price, however the stock price moves to different direction until the end of each day.…
Bearish separating lines pattern appears very scarcely on the candlestick charts. It is considered as a bearish continuation pattern. It is exactly opposite to bullish separating line. It’s a simple two candle pattern. The first candle is a long white one appearing in a downtrend. The second candle is black…
Posted in Bullish reversals
Bullish belt hold is a single candlestick pattern, mostly a white opening marubozu that forms in a downtrend. The market gaps down and opens at its low, and closes near to the high of the day. There is just a small upper shadow. Confirming bullish belt hold Occurring after a…
Posted in Bearish reversals
Bearish belt hold is a single bearish reversal pattern, appearing in an uptrend. In this pattern, the day opens at its high level, but then price falls and closes near its low, not necessarily at the lows of the day. The candle is a black opening marubozu. It has very…
Posted in Bearish reversals
Explaining the bearish kicking candlestick Bearish kicking is a two-candle reversal pattern. There are some criteria to identify this candlestick pattern. The first formation is a white candlestick, a marubozu. It is followed by a black candlestick, a black marubozu, which opens gapping lower than the previous day’s low. The decline…