In Neck Pattern – Bullish Irikubi Definition A bullish Irikubi (line in the neck) structure is comprised of two Japanese candlesticks. The first is a large bullish candlestick (green) followed by a small bearish candlestick (red) with a closing just below the closing level of the previous candlestick. The second candlestick must be significantly smaller […]
Bullish Gapping Play Definition A bullish gapping play structure is comprised of three Japanese candlesticks. The first two are small and bullish (green), indicating hesitation. The opening of the third candlestick occurs with a bullish gap, and this candlestick must be large. Illustration Characteristic A bullish gapping play follows a period of hesitation, represented by […]
Bullish Gap Definition A bullish gap is defined as a Japanese candlestick with an opening price higher than the closing price of the previous candlestick. It generally occurs in a bullish trend. Characteristic A bullish gap often forms after a significant increase characterized by several large green Japanese candlesticks. Significance A bullish gap is a […]
Rising and Falling Window Candlestick Pattern The support and resistance zones of Window candlestick patterns are highly rigid. In the case of a Falling Window candlestick pattern, a stiff resistance region is generated, which provides a higher probability of trade opportunities during consecutive re-tests of the resistance area. Similarly, a stiff support region is generated […]
The “Falling Three Methods” is a bearish, five-candle continuation pattern that signals an interruption of a current downtrend but not a reversal. This pattern is characterized by two long candlesticks in the direction of the trend—down—at the beginning and end, with three shorter counter-trend candlesticks appearing in the middle. This pattern contrasts with the Rising […]
