Entries by The Synapse Network

Bullish Engulfing

What Is a Bullish Engulfing Pattern? A bullish engulfing pattern is a white candlestick that closes higher than the previous day’s opening after opening lower than the previous day’s close. It can be identified when a small black candlestick, showing a bearish trend, is followed the next day by a large white candlestick, showing a […]

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On Neck Pattern

The on neck pattern occurs when a long real-bodied down candle is followed by a smaller real-bodied up candle that gaps down on the open but then closes near the prior candle’s close. The pattern is called a neckline because the two closing prices are the same (or almost the same) across the two candles, […]

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Up Gap Side-by-Side White Lines & Down Gap Side-by-Side White Lines

The up/down gap side-by-side white lines is a continuation pattern that can signal the persistence of the current trend, either upward or downward. While it is a moderately reliable indicator, its rarity and the often muted price movements following its occurrence mean that it should be used in conjunction with other technical analysis tools. The […]

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Bullish Three Line Break & Bearish Three Line Break

Bullish Three Line Break Definition A bullish three line break structure is comprised of four Japanese candlesticks. The first three candlesticks are bullish (green) and small. The opening occurs at the closing price of the previous candlestick, and the closing occurs at the highest point of the candlestick. The fourth candlestick is large, bearish (red), […]

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Mat Hold Pattern

What Is a Mat Hold Pattern? A mat hold pattern is a candlestick formation that indicates the continuation of a prior move. There can be either bearish or bullish mat hold patterns. A bullish pattern starts with a large upward candle followed by a gap higher and three smaller candles that move lower. These smaller […]

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