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Gravestone Doji Candlestick Pattern

June 6, 2010 By Raj Leave a Comment

Gravestone Doji:

Gravestone Doji Candlestick Formation

Gravestone Doji Candlestick Formation

Type :  Reversal
Direction : Bullish
Prior Trend : Bearish
Reliability : Medium

Gravestone Doji is a reversal pattern that occurs in a downtrend. It consists of a single candlestick where the price opens at the bottom and closes at the same point with a long upper shadow. This pattern does not contain any lower shadow.

How to Recognize Gravestone Doji:

1) The market is characterized by a downtrend.
2) A doji forms in the downtrend with the open and close at the same point.
3) The doji will have a long upper shadow.
4) The doji does not have any lower shadow.

Important Factors:

This is a medium bullish candlestick pattern so always use some other indicators or confirmation before you enter the trade.

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Long Legged Doji Candlestick Pattern

June 6, 2010 By Raj Leave a Comment

Long Legged Doji:

Long Legged Doji

Long Legged Doji

Type :  Reversal
Direction : Bullish
Prior Trend : Bearish
Reliability : Medium

Long Legged Doji is a reversal pattern that occurs in a downtrend. It consists of a single candlestick where the price opens at the top and closes at the same point with a long upper shadow and a long lower shadow.

How to Recognize Long Legged Doji:

1) The market is charecterized by a downtrend.
2) A doji forms in the downtrend with the open and close at the same point.
3) The doji will have a long lower shadow.
4) The doji will have a long upper shadow.

Important Factors:

This is a medium bulliish candlestick pattern so always use some other indicators or confimation before you enter the trade.

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Bullish Dragonfly Doji Candlestick Pattern

June 6, 2010 By Raj Leave a Comment

Bullish Dragonfly Doji:

Dragonfly Doji Candlestick Pattern

Dragonfly Doji Candlestick Pattern

Type :  Reversal
Direction : Bullish
Prior Trend : Bearish
Reliability : Medium

Bullish Dragonfly Doji is a reversal pattern that occurs in a downtrend. It consists of a single candlestick where the price opens at the top and closes at the same point with a long lower shadow. There won’t be any upper shadow.

How to Recognize Bullish Dragonfly Doji:

1) The market is charecterized by a downtrend.
2) A doji forms in the downtrend with the open and close at the same point.
3) The doji will have a long lower shadow.
4) The doji does not contain any upper shadow.

Important Factors:

This is a medium bulliish candlestick pattern so always use some other indicators or confimation before you enter the trade.

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Bullish Breakaway Candlestick Pattern

June 6, 2010 By Raj Leave a Comment

Bullish Breakaway Candlestick Pattern:

Bullish Breakaway Candlestcik Pattern

Bullish Breakaway Candlestcik Pattern

Type :  Reversal
Direction : Bullish
Prior Trend : Bearish
Reliability : Medium

Bullish Break Candlestick Pattern is a medium reliable reversal pattern. It consists of five candlestick body where the first one is strong bearish candlestick but the second, third and fourth are weak bearish candlesticks. The fifth candlestick is a strong bullish candlestick.

How to recognize bullish breakaway candlestick pattern:

1) This pattern consists of five candlseticks.
2) The first candlestick is a strong bearish candlestick.
3) Second, third and fourth candlesticks are also bearish candlesticks with lower closes but weaker than the first bearish candlestick.
4) Fifth candlestick is a strong bullish candlestick that closes into the body of the first or second bearish candlesticks.

Important Factors:

This is a medium bulliish candlestick pattern so always use some other indicators or confimation before you enter the trade.

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