Candlestick patterns

                                    Single-Candle patterns:

Doji: when a open and close are almost equal. The length of the high and low can vary, . Doji means a sense of indecision (Between buyers and sellers).

Dragonfly Doji: A Doji in that the open price and close price are at the high of the day. this one normally appears at market turning points.

Gravestone Doji: A doji line that develops when the Doji is at, or very near, the low of the day.

Long-Legged Doji: long upper and lower shadows with the Doji in the middle of the day's trading range, it clearly reflects the indecision of traders.

Hammer: when price moves significantly lower after the open, but closes above the intraday low.

Hanging Man: when a security moves significantly lower after the open, but closes above the intraday low.

Inverted Hammer: A one day bullish reversal pattern. In a downtrend, the open is lower, then it trades higher, but closes near its open.

Shooting Star: This is single day pattern mostly appear in an uptrend. It opens higher, trades much higher, then closes near its open.

Short Day: A short day means a small price move from open to close, in which the length of the candle body is short.

Spinning Top: Small bodies with upper and lower shadows that exceed the length of the body. This is also indecision.

                                          Two candles patterns:

Harami: A two day pattern that has a small body day completely contained within the range of the previous body, and is the opposite color.

Harami Cross: A two day pattern similar to the Harami. The difference is that the last day is a Doji.

Bullish Harami and Bearish Harami are the two more types of Two candles patterns that is already discussed in previous blog.

                                             Bullish Reversal patterns:

Piercing Line: Bullish reversal pattern. The first day, in a downtrend, is a long black day. The next day opens at a new low, then closes above the midpoint of the body of the first day.

Morning Star: A three day bullish reversal pattern consisting of three candlesticks - a long-bodied black candle extending the current downtrend, a short middle candle that gapped down on the open, and a long-bodied white candle that gapped up on the open and closed above the midpoint of the body of the first day.

Three White Soldiers: A bullish reversal pattern consisting of three consecutive long white bodies. Each should open within the previous body and the close should be near the high of the day.

Morning Doji Star: A three day bullish reversal pattern same as to the Morning Star. first day is in a downtrend with a long black body. The next day opens lower with a Doji . The last day closes above the midpoint of the first day.

                                          Bearish Reversal patterns:

Evening Doji Star: A three day bearish reversal pattern same as the Evening Star. First day The uptrend with a large white body. The next day opens higher, trades in a small range, then closes at its open (Doji). The next day closes below the midpoint of the body of the first day.

Evening Star: A bearish reversal pattern that continues an uptrend with a long white body day followed by a gap up small body day, then a down close with the close below the midpoint of the first day.

Three Black Crows: A bearish reversal pattern consisting of three consecutive long black bodies where each day closes at or near its low and opens within the body of the previous day.

                                       Continuation Patterns:

Rising Three Methods: Bullish continuation pattern in which a long white body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new high.

Falling Three Methods: Bearish continuation pattern in which a long Black body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new low.