Category: Candlesticks

Candlesticks archives contain all the Bullish Bears articles on the meaning of a candlestick as well as patterns.

Candlesticks are the name of the game and the first line of defense. By themselves they tell a story. When grouped together they form patterns.

Those patterns show continuations or reversals. They also provide support and resistance along with the real bodies and wicks of candles.

Moving averages and other indicators don’t mean anything without candles. As a result, they could be considered the most important part of trading.

Candles are used to gauge the emotions of other traders. They are bullish, bearish or indecisive.

As a result of candles being the foundation for trading, knowing what candlesticks mean help you chose when to trade and when to wait.

This section contains all the articles relating to the different types of candles as well as patterns and how to trade them successfully.

Bullish Wallpaper Black

A candlestick cheat sheet is a great tool to have when you’re a new trader. In fact, even experienced traders can benefit from having a candlestick cheat sheet. We’ve created custom-made desktop wallpaper backgrounds of bullish candlesticks patterns, bearish candlesticks, as well as reversal patterns. Also, included is our free e-book breaking how to trade…

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chart patterns

Candlestick chart patterns are the most important aspect to learn if you want to become a successful trader. Price action is instant and the most accurate trading indicator of them all. It forms the basics of candlesticks and these patterns show very important support and resistance levels. Patterns such as flags, pennants, triangles, wedges, and…

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Megaphone Patterns SPY

The megaphone pattern is another chart pattern used for technical analysis. This is one of my favorite patterns because there is usually a lot of volatility happening when you spot it in the wild….and volatility equals opportunity in the world of trading. This pattern is famous for its “broadening formation” and the price action also…

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types of candlesticks

Knowing the types of candlesticks is imperative to trading. Charts are made up of candlesticks which show the fight between buyers and sellers. Patterns such as flags, pennants, triangles, wedges and reversals are all important to learn. These patterns become the guide to getting in and out of trades. Knowing how to read charts, candlesticks…

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Marubozu Candlesticks

A marubozu candlestick is a full body either bullish or bearish candlestick. They are larger candlesticks and don’t have any upper wicks or lower shadows. They are typically green or white on stock charts when bullish and red or black on charts when they are bearish. How to Trade Marubozu Candlesticks How to trade marubozu…

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Three Outside Down Patterns

Three outside down patterns are bearish patterns. They are a four candlestick pattern that takes place near resistance levels. The first candlestick is a bullish candlestick. The next three candlesticks are bearish and each have a candlestick close below the previous one. Look for price action to fall below the fourth candle and hold for…

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Three Outside Up Patterns

Three outside up patterns are bullish patterns. They are a four candlestick pattern that takes place near support levels. The first candlestick is a bearish candlestick. The next three candlesticks are bullish and each have a candlestick close above the previous one. Look for price action to rise above the fourth candle and hold for…

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Three Inside Down Patterns

Three inside down patterns are bearish patterns. They are a four candlestick pattern that takes place near resistance levels. The first candlestick is a larger bullish candlestick. The next three candlesticks are bearish and each have a candlestick close below the previous one. Look for price action to fall below the fourth candle and hold…

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Three Inside Up Patterns

Three inside up patterns are bullish patterns. They are a four candlestick pattern that takes place near support levels. The first candlestick is a larger bearish candlestick. The next three candlesticks are bullish and each have a candlestick close above the previous one. Look for price action to rise above the fourth candle and hold…

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