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Candlestick Patterns Explained with Examples

Candlestick Patterns Explained with Examples

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Published by OlapTrader
This document describes in detail many of the most popular Japanese Candlestick patterns used for technical analysis.
This document describes in detail many of the most popular Japanese Candlestick patterns used for technical analysis.

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Categories:Business/Law, Finance
Published by: OlapTrader on Sep 03, 2009
Copyright:Attribution Non-commercial

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07/01/2013

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JAPANESE CANDLESTICK PATTERNS EXPLAINED
This document describes in detail many of the most popular Japanese Candlestick patterns. In our application 64 Candlestick patterns have been
calculated for over 14,000 Stocks, ETF’s, and Ind
exes from 1988-2008. The data currently resides in a SQL Server database. Below is a screenshotof what it looks like in its raw form. These historical candlestick patterns are now being compared with one another in order to find those whichhave tended to be the most accurate with regard to future price movement. We will calculate the following:
average percent change over timefor Days 1
 –
7 after the pattern completed
.Some of this data will probably be provided for free although the final analysis will be available for purchase in the Scribd store.
T
he candlestick techniques we use today originated in the style of technical charting used by the Japanese for over 100 years before the Westdeveloped the bar and point-and-figure analysis systems. In the 1700s a Japanese man named Homma, a trader in the futures market,discovered that, although there was a link between price and the supply and demand of rice, the markets were strongly influenced by theemotions of the traders. He understood that when emotions played into the equation a vast difference between the value and the price of riceoccurred. This difference between the value and the price is as applicable to stocks today as it was to rice in Japan centuries ago. The principlesestablished by Homma are the basis for the candlestick chart analysis, which is used to measure market emotions towards a stock.
 
 Shooting Star (Single day) Dark Cloud Cover Pattern (Multiple days)
 A type of candlestick formation that results when asecurity's price, at some point during the day, advanceswell above the opening price but closes lower than theopening price.In candlestick charting, a pattern where a black candlestick followsa long white candlestick. It can be an indication of a future bearishtrend.
 
 
Total # of Candlestick Patterns = 64.
CANDLESTICKS
Abandoned Baby Bottom
 
Hammer
 
Bearish Separating Line
 
Abandoned Baby Top
 
Hanging Man
 
Bullish Separating Line
 
Advance Block
 
Black Harami
 
Shooting Star
 
Bearish Belt Hold Line
 
Black Harami Cross
 
Side by Side White Gapping down
 
Bullish Belt Hold Line
 
White Harami Cross
 
Side by Side White Gapping up
 
Body Gap Down
 
White Harami
 
Stalled Pattern
 
High Wave
 
Tasuki Downside Gap
 
Bearish Counter Attack Line In Neck
 
Tasuki Upside Gap
 
Bullish Counter Attack Line Inverted Hammer
 
Three Gaps Down
 
Dark Cloud Cover Long Legged Doji
 
Three Gaps Up
 
Bearish Engulfing Line Mat Hold Pattern
 
Three White Soldiers
 
Bullish Engulfing Line Morning Doji Star
 
Thrusting Line
 
Evening Doji Star Morning Star
 
Upside Gap Two Crows
 
Evening Star Piercing Line
 
Western Gap Down
 
Falling Three Method Rising Three Method
 
Western Gap UpGravestone Doji Outside Bar Pattern Three Outside DownBreakaway Bear Ladder Bottom Three Outside UpBreakaway Bull Meeting Lines Bear Three Stars In The SouthDeliberation Bull Meeting Lines Bull Tri Star BullDeliberation Bear On Neck Tri Star BearDragonfly Doji Three Line Strike Bear Tweezers BottomThree Line Strike Bull Tweezers Top

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