The Shooting Star Japanese Candlestick Screen is the 10th in the Series: Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns Shooting Star Pattern Definition The Shooting Star pattern is a bearish trend reversal pattern that resembles a gravestone Doji combined with an upward gap. Shooting Stars occur during uptrends, or bullish pullbacks in a [...]
This is the 9th screen in the series: Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns Signal: Bullish Continuation Inbound Trend: Bullish Reliability: 7.1 / 10 Candlestick Pattern definition The rising three methods pattern is a bullish continuation pattern that appears in bearish markets. The pattern consists of 5 candlesticks which must meet the [...]
I decided to forgo a market update tonight as it should be pretty clear the bears own the trend right now. Instead, tonight’s post is going to cover a trading strategy that I found today entitled, “Long Entries and the Opposite Thirds Rule.” This strategy comes from Steven Lee Jones, a well known forex trader. [...]
This is the 8th stock screen in the series Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns With the recent drop in the markets over the past 3 days, I thought I would release this screen out of order. The appearance of Morning Star patterns in these market conditions will be rare, but very [...]
