Candlestickgenius Flash Cards

Instructions: Go to any stationary or office supply and purchase thick card stock.. Put 10 card stock pieces of paper in your printer and print in color. Use scissors or a cutting machine to cut out your flash cards. Keep them with you at work, next to your easy chair, or in your laptop. Reference them as often as possible, and before long you will know them all by heart. Keep your eyes peeled for our advanced course coming soon. PS: You may share this with your friends if you like. The dragonfly doji. What happens here is the open, close and high are all the same price, but price did attempt a low that wasn’t able to stick. This is a period of indecision, or some would say a period of agreement between the bears and the bulls that price is “fair”, at least for the time being. The fact that the low wasn’t sustained is actually a little bullish, but the other fact is that the open and the close were the same which is a bit bearish.

All in all the dragon fly doji should get your attention. Coming off of an up trend this is a reasonably strong reversal signal. With confirmation this doji can be very reliable. The next doji is the Doji cross. This shows us an open and close that are identical, but there was a decent high and low during the day, and ironically price ended up closing at the open price. This is very similar to the dragonfly save the fact that price moved around a bit in both directions before closing right where it started hours earlier. (Daily.) http://www.candlestickgenius.com

The Bullish Engulfing pattern demonstrates a pretty immediate change in sentiment. Remember that the first candlestick closes below its open. In other words it opens, and then closes lower - bearish. The next candlestick (white) actually gaps down a bit appearing initially that its going to continue the downward movement, but then suddenly reverses and closes above the previous days open. Do you see the reason this is a bullish pattern ? Look for a bullish engulfing formation at the bottom of a short term trend down. 2 Candlestick bullish reversal pattern Bullish candlestick #2 completely engulfs #1

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Next is the bearish engulfing formation. Exactly the opposite. but then ends up closing beyond the 50% point of the previous candlestick. and goes on to close higher than it opened. Bearish candlestick #2 completely engulfs #1. The next candlestick then opens higher than the previous days close.Bullish.com The piercing line is a bullish reversal. We first have a series of lower highs and lower lows. http://www. as if its going to continue the trend. The last candlestick gaps down as if to be more bearish. a bullish start. http://www. The white candlestick opens. . 2 Candlestick bearish reversal pattern.com . but then it falls to close below the previous days open. 2 Candlestick bullish reversal pattern Candlestick #2 retraces to at least 50% of the first candlestick #2 Candlestick open is less than or equal to (< or =) candle #1’s close.candlestickgenius.candlestickgenius.

com The kicker signal is a very powerful short term reversal signal. You have a series of candlesticks making higher highs and higher lows. Looking at the bullish kicker we see a down trend. The kicker identifies a very drastic change in market sentiment. The last candlestick opens above the previous close. then we instantly get an open that is at or above the previous candlesticks open and then price continues to head in the opposite direction.candlestickgenius.com . 2 Candlestick reversal pattern Candlestick # 2 opens higher than the previous open and continues up and closes higher than the open today. http://www. as if it was going to be even more bullish than the previous candlesticks. http://www.Take a look at the dark cloud. but then it fails immediately and closes well into the real body of the previous candlestick 2 Candlestick bearish reversal pattern Candlestick #2 retraces to at least 50% of the first candlestick #2 Candlestick open is less greater than or equal to (> or =) candle #1’s open.candlestickgenius.

http://www. and then an open that is less than the previous candlesticks open.com A Harami is a signal to just take note of. and closes lower than today’s open. Candlestick # 2 opens and closes within the confines of candlestick #1 AND closes higher than today’s open.The bearish kicker is identical.candlestickgenius.com . The signal candlestick then proceeds to open inside the real body of the previous candlestick. and then close higher than it opened. http://www. we have a stock that is up trending. 2 Candlestick reversal pattern. otherwise it can quickly turn into a bullish engulfing or a piercing pattern depending upon the open. Its basically telling you that a potential change is near. but lower than the previous days open. Take note as to the obvious dramatic change in market sentiment.candlestickgenius. The candlestick proceeds to close lower than the open. A bullish harami stays within the bounds of the previous candlestick. 2 Candlestick reversal pattern Candlestick #2 opens lower than the previous open. A bullish Harami forms when a stock is down trending.

The next day the stock gaps up and then closes higher than the open. and that the bulls (bears) are probably taking over. coming off of a bullish trend the last candlestick opens well into the real body and then closes below the open. A Harami looks like a backwards engulfing pattern. The higher the close on this day the more powerful the signal. http://www.com . This pattern is simply telling you that the bears (bulls) are losing steam. The doji is a small gap down and indicates that the bears are losing strength.A bearish Harami is the same thing. 2 Candlestick reversal pattern.candlestickgenius. but also higher than the previous days open. Notice that the doji failed to make any bearish headway.candlestickgenius. http://www. A bullish abandoned baby is a very high probability pattern.com A bullish abandoned baby is a 3 candlestick reversal pattern where the first candlestick is simply a reflection of the prevailing trend. Candlestick #2 opens and closes within the confines of candlestick #1 AND closes lower than today’s open. Candlestick #3 should gap up. 3 Candlestick reversal pattern Candlestick #2 should gap down.

This is telling us that the bullish trend may be over. 3 Candlestick reversal pattern Candlestick #2 is a doji Candlestick #3 is bullish. and then the close is lower than the open. The doji candlestick gaps up but makes no bullish headway. The higher the close on this day the more powerful the signal. http://www. The next day there’s a little gap down. Must close at least thru the half way point of the first candlestick in the pattern.candlestickgenius. 3 Candlestick reversal pattern Candlestick # 2 should gap up. http://www. The next day we get a doji that indicates that the bears are losing strength. the first candlestick continuing that trend.com . the longer the better the signal. A morning star doji is a very high probability pattern.com An morning star doji is a 3 candlestick reversal pattern where the first candlestick is simply a reflection of the prevailing trend. Notice that the doji failed to make any bearish headway..candlestickgenius. No gap is necessary. The following day the stock opens and then closes higher than it opened.Bearish abandoned baby is one where the overall trend is bullish. Candlestick # 3 should gap down. forming the strong and reliable abandoned baby.

http://www.com Bullish Three White Soldiers Pattern indicates a strong reversal in the market. Each day opens down from the previous days close but still closes higher than the previous close. The reversal has completed.candlestickgenius.An evening star doji is one where the overall trend is bullish. http://www. Each candlestick opens below the previous close. the longer the better the signal. Then we have a doji candlestick that tells us that the bulls have pushed as far as they are going to right now. The very next day the stock open at or near the previous close and then continues to close lower than the open. It is characterized by three long candlesticks stepping upward like a staircase. No gap is necessary. Each candlestick closes above the previous close. 3 Candlestick reversal pattern Candlestick #2 is a doji Candlestick #3 is bearish.com .candlestickgenius. the first candlestick continuing that trend. 3 Candlestick Reversal Pattern.

and 4 stay within the range of candlestick #1 http://www. 3 Candlestick reversal pattern Each open is greater than the previous close.com A long white day in an up trend is followed by three relatively small candles that move opposite the overall trend but stay within the range of the first day. The fifth day is a long white day that closes above the close of the first day and continues the up trend.com . Candlesticks 2.candlestickgenius.This pattern consists of three consecutive long-bodied candlesticks that have closed lower than the previous day with each session’s open occurring within the body of the previous candle.candlestickgenius. 5 Candlestick continuation pattern.3. Each close is less than the previous close. http://www.

closing at a new low and showing that bears are finally taking over. 5 Candlestick continuation pattern Candlesticks 2.The Bearish Falling Three Methods Pattern is a continuation pattern. with a small 3 candles retracement of the first candlestick. The pattern is completed by a long black candlestick.com The Bullish Three Inside Up Pattern is basically another name for the Confirmed Bullish Harami Pattern. 3 Candlestick Reversal Pattern Bullish Harami with confirmation http://www. The third candlestick simply confirms the reversal. These small bodies must all remain within the highlow range of the first day’s black candlestick. It is then followed by small consecutive small bodies that look like a short up trend.com . http://www.3 and 4 stay within the range of candlestick #1.candlestickgenius. The pattern is characterized by a long black candlestick during a downtrend.candlestickgenius. These can be black or white candlesticks.

the three inside down is a bearish harami with confirmation. http://www. 3 Candlestick reversal pattern Bearish Harami with confirmation.Like its predecessor.com .candlestickgenius.

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