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.

Tweezer Bottom Patterns

Tweezer bottom patterns are two candlestick patterns found near the bottom of downtrends or support levels. It’s important to be able to spot these patterns for downtrend reversals. They have co-equal bottoms and typically show signs of a reversal to the upside. Look for price to break above the second candle and hold to confirm…

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Tweezer Top Patterns

Tweezer top patterns are a two candlestick reversal pattern with co-equal tops. This pattern can form at turning points in the market near support levels signaling a bearish reversal. Trend traders can find a tweezer top pattern to be really helpful because of what it means. Knowing when a trend is going to end and…

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Three White Soldiers Patterns

Three white soldiers patterns are bullish patterns. Where do they get their name from? Well, its kind of strange. You see, the Japanese originally called them Three red soldiers, but in the western world, we used white candles, so we called them three white soldiers. For awhile, during world war 2, they were often called…

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Falling Three Methods Patterns

Falling three methods patterns are bearish patterns. They are essentially a bear flag pattern. The flag pole consists of either a big bearish candle or several bearish candles put together. Next, there are three smaller bullish candles that create the pullback. Look for a breakdown when price falls below the third pullback candle and holds….

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Rising Three Methods Patterns

Rising three methods patterns are bullish. They are essentially the candlesticks that we find inside bull flag patterns. The flag pole consists of either a big bullish candle or several candles where price moves up consecutively. Next, there are three smaller bearish candles that create the pullback within the pattern. Look for a breakout when…

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Shooting Star Patterns

Shooting Star patterns are interpreted as a bearish reversal pattern. Shooting stars appear in up trends but are a bearish candle. These patterns look just like inverted hammer candlesticks but are found near resistance levels. They are typically red or black on stock charts. Look for price to fall below candle to confirm bearish direction. Watch…

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Spinning Top Candlesticks

Spinning top candlesticks are found on stock charts and could be a bullish or bearish reversal sign. A spinning top candlestick is a sign of indecision in the market. However, this doesn’t come as a surprise because it’s apart of the doji candlesticks family. It has a thicker real body and could also be found…

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Triple Bottom Patterns

Triple bottom patterns are a bullish pattern. It consists of three valleys or support levels. After the first valley is formed, price goes up either quickly or gradually. After that, price moves back down to the first valley level and it holds that first support level, thus creating a double bottom. After that, price moves…

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Triple Top Patterns

Triple top patterns are a bearish pattern. It consists of three peaks or resistance levels. After the first peak level is formed, price goes down either quickly or gradually. After that, price moves back up to the first peak level and it fails that first resistance level, thus creating a double top. After the failure…

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Double Bottom Patterns

Double bottom patterns are a bullish pattern. It consists of two valleys or support levels. After the first support level is formed, price goes up either quickly or gradually. After that, price moves back down to the first support level and it holds that first support level, thus creating the double bottom. Look for price…

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