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.

Long Legged Doji Candlesticks

Long legged doji candlesticks are a member of the doji family. They are an indecision candlestick that has a small real body, longer lower shadow, and a smaller upper wick. They can be found in both up trends, down trends and are bullish or bearish coloring on stock charts. Long legged doji candlesticks tell the…

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Gravestone Doji Candlesticks

Gravestone doji candlesticks are reversal candles that are found at the top of an uptrend or near resistance levels. They are shaped like an upside down T with a slim real body and signify a possible reversal to the downside. Look for price to fall below this candle to confirm reversal. Watch our video on…

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Dragonfly Doji Candlesticks

Dragonfly doji candlesticks are a reversal candlestick that are found at the bottom of downtrends. They are shaped like a T and signal a potential reversal to a new uptrend. They have a long shadow and almost no upper body. Enter trade long on the break above the top of the candle. Watch our video…

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Hammer Candlesticks Patterns

Hammer candlesticks are a popular reversal pattern formation found at the bottom of down trends. They consist of small to medium size lower shadows, a real body, and little to no upper wick. This shows a hammering out of a base and reversal setup. These candles are typically green or white on stock charts. Look…

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Doji Candlesticks

Doji candlesticks come in several different shapes and sizes. The Doji candlestick by itself is a neutral pattern. They look like a plus sign or cross. Depending on the price action for the day it can be red (bearish) or green (bullish). They could be found near support levels, resistance levels, or consolidation areas. Watch our…

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Bearish Candlesticks

Bearish candlesticks come in many different forms on candlestick charts. There are also bullish candlesticks. Bearish candles show that the price of a stock is going down. They are typically red or black on stock charts. Bullish candles show that the price of a stock is going up. They are typically green or white on…

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Bullish Candlesticks

Bullish candlesticks are one of two different types of candlesticks that form on stock charts. The bullish candlestick and bearish candlestick. Bullish candles show that a stock is going up in price. They are typically green or white on stock charts. Bearish candles show that price is going down. They are typically red or black on…

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