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Advanced Candlestick Patterns Guide

The document outlines advanced candlestick patterns used in technical analysis for trading. Key patterns include the Morning Star and Evening Star for bullish and bearish reversals, respectively, as well as Three White Soldiers and Three Black Crows indicating strong momentum. Additional patterns like the Piercing Pattern, Dark Cloud Cover, and Harami signal potential trend changes and reversals.

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ky75193013
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19 views1 page

Advanced Candlestick Patterns Guide

The document outlines advanced candlestick patterns used in technical analysis for trading. Key patterns include the Morning Star and Evening Star for bullish and bearish reversals, respectively, as well as Three White Soldiers and Three Black Crows indicating strong momentum. Additional patterns like the Piercing Pattern, Dark Cloud Cover, and Harami signal potential trend changes and reversals.

Uploaded by

ky75193013
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Advanced Candlestick Patterns

1. Morning Star A three-candle bullish reversal pattern. Appears at the bottom of a downtrend.

2. Evening Star A three-candle bearish reversal pattern. Appears at the top of an uptrend.

3. Three White Soldiers Three strong bullish candles in a row — indicates strong upward
momentum.

4. Three Black Crows Three strong bearish candles in a row — indicates strong downward
pressure.

5. Piercing Pattern Bullish reversal pattern where the second candle closes above the midpoint of
the previous bearish candle.

6. Dark Cloud Cover Bearish reversal pattern where the second candle closes below the midpoint
of the previous bullish candle.

7. Harami A small candle inside a large previous candle — indicates trend slowdown and possible
reversal.

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