Belt Hold Line Bullish Pattern
A
bullish belt-hold is a tall white candlestick that opens on, or near,
its low and closes well above the opening price. It is also called a
white opening shaven bottom.
Hammer Pattern
An
important bottoming candlestick charting pattern. The hammer and the
hanging man are both the same lines that are generally called umbrella
lines; that is, a small real body (white or black) at the top of the
session's range and a very long lower shadow with little or no upper
shadow. When this line appears during a downtrend, it becomes a bullish
hammer. For a classic hammer, the lower shadow should be at least
twice the height of the real body when candlestick trading.
Inverted Hammer Pattern
Following
a downtrend, this is a Japanese candlestick line that has a long upper
shadow and a small real body at the lower end of the session. There
should be no, or very little, lower shadow. It has the same shape as
the bearish shooting star, but when this line occurs in a downtrend, it
is a bullish bottom reversal signal with confirmation the next session
when candlestick trading (i.e., a candlestick with a higher open and
especially a higher close compared to the inverted hammer's close).
Bullish Engulfing Pattern
A
bullish engulfing candlestick pattern is comprised of a large white
real body that engulfs a small black real body in a downtrend.
Counterattack Lines
Following a black candlestick
in a downtrend the market gaps sharply lower on the opening and then
closes unchanged from the prior session’s close.
Gapping Play Rising
High-price
gapping play—After a sharp advance, the market consolidates via a
series of small real bodies near the recent highs. If prices gap above
this consolidation area, it becomes a high-price gapping play.
Harami Bullish
A two-candlestick charting
pattern in which a small real body holds within the prior session’s
unusually large black body. The color of the second real body can be
white or black.
Harami Cross Bullish
A two-candlestick charting pattern in which a doji real body holds within the prior session’s unusually large black real body.
Piercing Pattern
A
Japanese candlestick bottom reversal signal. In a downtrend, a long
black candlestick is followed by a gap lower open during the next
session. This session finishes as a strong white candlestick that
closes more than halfway into the prior black candlestick's real body.
Compare to the on-neck line, the in-neck line, and the thrusting line.
Rising Window
The
same as a Western gap. Windows are continuation candlestick patterns.
When the market opens a window to the upside, it is a rising window. It
is a bullish candlestick pattern and the rising window should be
support.
Separating Line Bullish
When the market opens at the same opening as the previous session’s black candle and then closes higher as a white candle.
Side by Side White Line Bullish
Two
consecutive white candlesticks that have the same open and whose real
bodies are about the same size. In an uptrend, if these side-by-side
white lines gap higher, it is a bullish continuation candlestick
pattern. In a downtrend, on Japanese candlestick charts these
side-by-side white lines are still considered bearish (in spite of
their white candles since they come after a falling gap).
Tasuki Gap Bullish
The bullish gapping tasuki is
made of a rising window
formed by a white candlestick and then a black
candlestick. The
black candle opens within the white real body
and closes under
the white candlestick’s real body. The last two
candlesticks of the tasuki should be about the same size.
Tweezer Bottom
When the same lows are tested on back-to-back sessions.
Abandoned Baby Bottom
When the same lows are tested on back-to-back sessions.
Frying Pan Bottom
This Japanese candlestick pattern is similar to a Western rounding
bottom. A window to the upside confirms this pattern. It is the
counterpart of the dumpling top.
Morning Star
A
bottom reversal pattern formed by three candlesticks. The first is a
long black real body, the second is a small real body (white or black)
that gaps lower to form a star, and the third is a white candlestick
that closes well into the first session's black real body. Its opposite
is the evening star candlestick pattern.
Rising Three
The
rising three methods is a bullish continuation pattern. A tall white
candlestick precedes three small, usually black, real bodies that hold
within the white candlestick's range. The forth line of this pattern is
a strong white candlestick that closes at a new high for the move.
Three Buddha Bottom
An
inverted three Buddha (Three Buddha Bottom) is the same as the Western
inverted head and shoulders. In Japanese charting terminology, it is a
three river bottom in which the middle river is the longest.
Three White Soldiers
This
is a candlestick charting pattern is a group of three white
candlesticks with consecutively higher closes (with each closing near
the highs of the session). These three white candles presage more
strength if they appear after a period of stable prices or at a low
price area. Also called Three Advancing Soldiers.
Tower Bottom
Comprised of one or more long black candles followed by congestion and then one or more long white candlesticks.
