Pattern Index Bearish Patterns
|
In a downtrend, a black candle is followed by a Doji that gaps below it completely. The next day is a white candle that gaps completely above the Doji.
|
This is an example of a breakout pattern, included to show that not only traditional candlestick patterns can be searched for. It scans items that have been trading relatively flat for the previous 20 bars and then have an above-average-length white bar that closes near its high and whose high is higher than the highest high of the previous 20 bars. It also must have an increasing volume over the last 3 bars.
|
|
|
In a downtrend, a black candle is followed by a white candle that engulfs the body of the first black candle.
Confirmation: Required (See Three Outside Up)
|
|
In a downtrend, a long black candle with average volume is followed by a white candle that gaps open and closes within the body of the first day. The white candle has higher volume than the first day.
Confirmation: Required (See Three Inside Up)
|
|
In a downtrend, two black Marubozu candles are followed by a black candle that gaps down, but trades into the body of the second Marubozu. The last day is also black and engulfs the previous day completely.
|
This is a contrarian pattern described by Thomas Stridsman in his book 'Trading Systems and Money Management' that is shown by him to be very profitable. He also includes additional rules on position sizing and stop loss methods. The pattern has been modified from his version to include confirmation, i.e., the current bar must close up and also close higher than the previous day's close. The pattern basically looks for stocks that have been trending too long and so are ready for a pullback. The pattern Stridsman describes can be formulated as 'C<C1 AND C1<C2 AND C<C5 AND C5<C10', which we have modified to 'C1<C2 AND C2<C3 AND C1<C6 AND C6<C11 AND WC AND C>C1' for confirmation.
|
Dave Paxton Bullish Star Confirmation
|
An
example of a user-defined scan from Dave Paxton of Y2Kseminars.com.
It's purpose is to confirm a Bullish (Morning) Star and looks for either of two sequences:
|
This
is a breakdown pattern described by Gary Smith of TheStreet.Com in Technical Analysis of Stocks & Commodities Magazine, October 2000.
It is included as an example of a non-traditional candlestick pattern.
|
|
In a downtrend, a small body appears near the top of its daily range. Lower shadow should be at least twice as long as the body.
|
|
In a downtrend, a black candle is followed by a candle with a small body near the bottom of its range.
|
|
A white marubozu gaps over a black marubozu. The prior trend is not important.
|
|
In an uptrend, a long white candle is followed by a black candle that gaps above it. This is followed by two black candles that close successively lower than the first black candle, but do not fall lower than the open of the first long white candle. The last day is a white candle that gaps up and closes above the three black candles preceding it.
|
|
In a downtrend, a long black candle is followed by a long white candle that closes near the close of the previous day.
|
|
In a downtrend, a long black candle is followed by a Doji that gaps down. This is followed by a white candle that opens above the Doji.
|
|
In a downtrend, a long black candle is followed by a day that gaps below it. This is followed by a white candle that gaps above the day before it and closes above the close of the first day.
|
|
In an uptrend, a long white candle is followed by three black candles that open and close successively lower, but not lower than the open of the first long white candle. The last day is a white candle that closes above the close of the first white candle.
|
|
In an uptrend, two white candles are side by side after gapping above another white candle. The last two candles should be about the same size and open close to each other.
|
|
In a downtrend, a long black candle with average volume is followed a white candle that gaps open and closes within the body of the first day. The white candle has higher volume than the first. The third day is a white candle that closes above the first, confirming the move.
|
|
In a downtrend, a black candle is followed by a white candle that engulfs the body of the first black candle. This is followed by another white candle that closes above the prior white candle.
|
|
After a downtrend, three similar white lines open and close successively higher.
|
|
In a downtrend, a long black candle is followed by a black Harami that opens above the close of the previous day, but trades lower than the previous day. The next day is a small white candle that opens and closes below the body of the previous day.
|