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.

Symmetrical Triangle Patterns

Symmetrical triangle patterns are a bigger overall candlestick pattern. It consists of connecting coequal 2-3 peaks and valleys on both support and resistance levels, which leads price action to an apex point. This pattern could be either bullish or bearish depending on where price action goes outside of the apex point. Watch our video on…

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Bear Pennants Patterns

ROAR! What’s that? It’s the sound of price dropping in a bear pennants pattern. These types of setups are one of the most popular bearish patterns to….be bearish on. They consist of either a large bearish candlestick or several smaller bearish candlesticks down forming the flag pole, followed by several smaller bullish candlesticks forming consolidation…

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Bull Pennants Patterns

Bull pennants are one of the most popular bullish patterns. They consist of either a large bullish candlestick or several smaller bullish candlesticks up forming the flag pole, followed by several smaller bearish candlesticks forming consolidation into a triangle, which forms the pennant. Look for price to move out of the pennant to confirm bullish…

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Bear Flag Patterns

Bear flag patterns are one of the most popular bearish patterns. They consist of either a large bearish candlestick or several smaller bearish candlesticks down forming the flag pole, followed by several smaller bullish candlesticks pulling back up for consolidation, which forms the flag. Look for price to fail below the flag to confirm bearish…

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Bull Flag Patterns

What does a bull flag look like? It’s a beautiful pattern that excites momentum traders around the world. Bull flag patterns are one of the most popular bullish patterns. They consist of either a large bullish candlestick or several smaller bullish candlesticks up forming the flag pole, followed by several smaller bearish candlesticks pulling back…

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Inverted Hammer Candlesticks

Inverted hammer candlesticks are found at the base of downtrends. They look like an upside down hammer and have a longer upper wick, small to medium size body, and no lower shadow. They signal a reversal to the upside. These candles are either green or white on stock charts. Look for a break above candle…

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Hanging Man Candlesticks

Hanging man candlesticks are found near resistance levels or at the top of uptrends. They are shaped like a hammer with a longer shadow and little to no upper wick. They are a bearish reversal pattern. These candles are typically red or black on stock charts. Look for break below candle to confirm reversal to…

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High Wave Candlesticks

High wave candlesticks are indecision candlesticks that look like long legged doji’s. They have long lower shadows and long upper wicks. They also typically have a larger real body. They can be found near support and resistance levels and also during consolidation areas. High wave candles could be bullish or bearish. Watch our video on…

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