Japanese Candlesticks by Thierry Laduguie
Bullish engulfing pattern
Bearish engulfing pattern
It occurs when a small black candlestick is followed by a large white candlestick engulfing the body of the black candlestick. This pattern is a strong buy when it occurs at market bottoms (reversal).
The opposite of the bullish engulfing pattern.
Piercing line (bullish)
The first candlestick is black, the second candlestick opens lower than the first candlestick’s low, but closes more than halfway above the first candlestick’s real body.
Morning star (bullish)
A star is a candlestick with a small real body that occurs after a candlestick with a much larger real body where the real bodies do not overlap. The bullish white candlestick that follows confirms the uptrend. This pattern often occurs at market bottoms.
Dark cloud cover (bearish) The opposite of the piercing line.
Evening star (bearish) The opposite of the morning star.
September 2012 | www.financial-spread-betting.com | 73