There are two types of separating lines that we will discuss today. These include the bullish and the bearish separating lines.
Bullish separating lines are lines that move in opposite directions and act in the exact reverse manner as the meeting lines pattern. In order to qualify there must be a significant uptrend in progress and [...]
The upside gap three method is a candlestick continuation pattern that is similar to the upside tasuki gap, however the upside tasuki gap pattern is not filled on the third day. The upside gap three method occurs in a strong uptrend and it is characterized by two long white candlesticks with a gap upward in [...]
The thrusting pattern is a bearish candlestick pattern that occurs in a downtrend. It is considered to be similar to the candlestick neck line patterns known as the “on neck” and the “in neck” patterns. The thrusting pattern is basically the same description as the “on neck” pattern except for the fact that it closes [...]
There are two candlestick patterns that are considered candlestick neck line patterns. These secondary candlestick patterns include the on neck line and the in neck line candlestick patterns and both indicate the same market psychology. There is only one minor difference between these two patterns however and this difference is explained below.
The on neck line [...]
The bullish mat hold candlestick is a strong continuation pattern that occurs during an uptrend. This candlestick pattern is similar to the rising three method in that is begins with a long white candle in an uptrend and it is then followed by three small real bodies that indicate a short downtrend. The only difference [...]
The falling three method candlestick pattern is a bearish continuation pattern and it is the opposite of the rising three method candlestick pattern. This pattern indicates to traders that a bearish trend is continuing even after there is a temporary stop in trading. This pattern typically occurs after a downtrend and it ideally consists of [...]
The rising three method candlestick pattern is a bullish continuation pattern. This pattern indicates to traders that a bullish trend is continuing even after there is a temporary stop in trading. This pattern typically occurs after an uptrend and it ideally consists of five candles, but it must consist of more than three candlesticks.
In order [...]
Three Line Strike Candlestick Pattern
In today’s article we will review both the bearish and the bullish three line strike candlestick patterns. These candlestick patterns are secondary to the major Japanese Candlesticks patterns however they are still important to learn to identify.
Bearish Three Line Strike Candlestick
The bearish three line strike candlestick pattern is characterized by a [...]
The on neck line candlestick pattern is one of many continuation patterns used by stock traders. Before we explain this pattern and what it means, we first revisit the definition of a continuation pattern. Continuation patterns help stock traders to differentiate between a price action that is in a full reversal and those patterns that [...]
The downside tasuki gap candlestick pattern occurs in a strong downward moving market and is considered to be a rare formation. It is similar to the bearish downside gap three methods pattern except that the gap that is made between the first two days is filled by the third day in the downside gap [...]
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