This is the 12 screen in the series Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns Bullish Three White Soldiers Type: Reversal Direction: Bullish Inbound Trend: Bearish Reliability: 8.2 Number of Candles in Pattern: 3 Definition: The Bullish Three White Soldiers Pattern is a reliable bullish trend reversal indication. Formed by three long candlesticks [...]
Signal Type: Reversal Bias: Bearish Inbound Trend: Bullish Reliability: 7.8 / 10 Pattern Definition Found during an uptrend, the Bearish Three Black Crows pattern is a strong indicator of a coming reversal in trend. Consisting of three long black (bearish) candlesticks, this pattern resembles a descending staircase. With each candle, a gap up from the [...]
Whole Foods Markets Inc is looking like a very strong buy here. We see a rising three methods Japanese Candlestick Pattern, combined with a bullish flag. The three “inside” candles came on diminishing volume, with day 1 and day 5 coming on strong volume. Checking our momentum and trend strength indicators, we see bullish crosses [...]
In his guest post earlier today, Adam showed you a video forecasting a reversal in the S&P 500 using Marketclub Trade Triangles. I wanted to follow up his video using more traditional indicators to show you not only how accurate the triangles are, but how much easier they are to utilize as a trend following [...]
#adp02The Doji Candlestick Screen is the 3rd in the series: Japanese Candlestick Trading: Stock Screens for 15 Candlestick Patterns . For those of you familiar with candlestick trading, the Doji is nothing new. If market opens and closes at almost exactly the same price, this forms a Doji. As you can tell from the image, [...]
