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FLAG AND PENNANT PATTERN just a breather Characteristics: 1. There is a clear direction of the price trend; 2. This is followed by a consolidation and range bound movement; and...
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WEDGE PATTERN a temporary stop of the primary trend Characteristics: 1. It is a contracting range in prices; 2. This is coupled with an upward trend in prices (the rising...
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TRIPLE TOP PATTERN a good time to sell Characteristics: 1. Volume is usually low during the second rally up and lesser during the formation of the third top; 2. The...
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DOUBLE TOP PATTERN buyers and sellers taking turns Characteristics: 1. A financial instrument runs up to a particular level; 2. It then drops back from that level; then 3. Makes...
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CUP AND HANDLE PATTERN (CAHP) a cup preceding its handle Characteristics: 1. A cup and handle formation should follow a trend increase, ideally one that is a few months old;...
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TREND LINES a bounding line for the movement of a security Definitions: 1) When you can draw a diagonal line between two or more price pivot points, you can then...
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HEAD AND SHOULDERS PATTERN (HASP) a head and two shoulders Characteristics: The HASP has a structure that is visually similar to that of a head with two shoulders. It has...
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BULLISH WHITE OPENING MARUBOZU (BWOM) A white that has a upper shadow but has no lower shadow. Characteristics: 1. A BWOM does not have a lower shadow but it has...
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BULLISH WHITE CLOSING MARUBOZU (BWCM) a white body that has a lower shadow but no upper shadow Characteristics: 1. A BWCM has a lower shadow but it has no upper...
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BULLISH WHITE MARUBOZU (BWM) A white body that has no lower or upper shadow Characteristics: 1. It does not have a lower or upper shadow; 2. When the day opens,...
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BULLISH LONG WHITE CANDLESTICK (BLWC) A white body with upper and lower shadows Characteristics: 1. The body of the BLWC is relatively long relative to other candlesticks; and 2. The...
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BULLISH THREE LINE STRIKE PATTERN (BTLSP) Three whites and a black Characteristics: 1. Market is on an uptrend; 2. There are 3 consecutive long white sticks with consecutive higher closes;...
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BULLISH SEPARATING LINES PATTERN (BSLP) A black stick followed by a White Marubozu Characteristics: 1. Market is on an uptrend; 2. Day 1 has a long black candlestick; 3. Day...
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BULLISH UPSIDE TASUKI GAP PATTERN (BUTGP) Day 2’s gap is not fully closed Characteristics: 1. Market is on an uptrend; 2. There are two long white sticks with a gap...
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BULLISH UPSIDE GAP THREE METHODS PATTERN (BUGTMP) Gap closes on the third day Characteristics: 1. Market is on an uptrend; 2. On the first two days, we see two long...
