Flashcards
REVERSAL PATTERNS
Cards in this deck (4)
- 1—ENGULFING BULLISH
In a downtrend, there is a small black body, not a doji, followed and enclosed by a bigger white body. Though not necessary, it is better when the white body also encloses the short shadows of the black candle. - 2—BULLISH HARAMI
In a downtrend, a white (but preferably a black) body is followed by a small white or black candle that is completely covered by the first candle body.
A bottom reversal signal after confirmation. Black-white and black-black (called homing pigeon) combinations are the most common.
- 3—PIERCING LINE
In a downtrend, a bigger black body is followed by a white body with a lower opening price than the low of the black body; however, the white candle closes above the midpoint of the black body.
- 4—BULLISH COUNTERATTACK
A bullish counterattack is a bigger black candle in a downtrend, followed by a bigger white candle. Closing prices of both candles are at the same price level.
Confirmation is needed.
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- 1 CANDLESTICK CHARTING Flashcards on REVERSAL PATTERNS, created by flashcard on 04/07/2016.
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