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Double Top and Double Bottom Reversal Patterns
The next sets of patterns are very important and are the easiest to spot. The double top and bottom form when the stock tries to…
23Jul2006 | S. Oakes | Comments Off | ContinuedOptimal Moving Average Positioning
Moving averages come in three kinds known as simple (SMA), weighted, or exponentially smoothed averages. An example of a 50-day moving average would be the…
23Jul2006 | S. Oakes | Comments Off | ContinuedFlag and Triangle Continuation Patterns
A stock’s price can do two things. It can either reverse or continue in the same direction. Continuation patterns are made up of candlesticks and…
22Jul2006 | S. Oakes | Comments Off | ContinuedCongested and Continuation Patterns
Congested and consolidation patterns are easy to spot. When a stock trades and moves in an irregular pattern, it is said that the stock is…
22Jul2006 | S. Oakes | Comments Off | ContinuedSpinning Tops and High Wave Candlesticks
The last groups of candlesticks shown below are named “spinning tops” and, high wave candlesticks. Candlesticks that show a smaller real body and obtain either…
22Jul2006 | S. Oakes | Comments Off | ContinuedLong-legged Doji and Gravestone Candlesticks
In this graph we will look at a “Long-legged Doji†and the “gravestone†patterns. The long legged doji has very long upper and lower shadows…
Candlestick Star Patterns
The next group of patterns is made up of three candlesticks that include “stars.†These patterns are very strong signs that a reversal is coming.…
Harami and the Harami Cross
The “harami†pattern is made up of a long real body that engulfs the smaller candlestick. This can be associated to a parent with their…
Candlestick Reversal Patterns
The next sets of candlesticks shown below are known as the “hammer†and the “hanging man.†The lower shadows attached to the bodies should be…
22Jul2006 | S. Oakes | Comments Off | Continued
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