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Bullish Engulfing

  • Sunday, 16 May 2010 23:09
  • Written by Desmond Wira

Bullish Engulfing candlestick signals bullish reversal. This pattern characterized by 2 candles. One is black candle, and the other is white candle. The white candle has longer body and covering all the first candle body. Reversal signal created from this candle is strong. Most of the times, when this candle appears, the reversal will soon going on.

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Bearish Harami

  • Sunday, 16 May 2010 23:07
  • Written by Desmond Wira

Bearish Harami candlestick signals bearish reversal. This pattern characterized by 2 candles. One is white candle, and the other is black candle. The black candle has smaller body than the white one. Reversal signal created from this candle is weak. You have to confirm with the following candle to know wether the reversal continues. Note: Harami in Japanese means "pregnant"

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Bullish Harami

  • Sunday, 16 May 2010 23:05
  • Written by Desmond Wira

Bullish Harami candlestick signals bullish reversal. This pattern characterized by 2 candles. One is black candle, and the other is white candle. The white candle has smaller body than the black one. Reversal signal created from this candle is weak. You have to confirm with the following candle to know wether the reversal continues. Note: Harami in Japanese means "pregnant"

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Bearish Abandoned Baby

  • Sunday, 16 May 2010 23:02
  • Written by Desmond Wira

Bearish Abandoned Baby candlestick signals bearish reversal. This candle pattern is almost the same with Evening Star or Evening Doji Star. This pattern characterized by 3 candle. One is black candle, candle in the middle is a Doji or Spinning Top, and the last candle is white candle. Candle in the middle has some distance with other two candles. This candlestick pattern is rarely seen. Usually appear in longer time frame, for example daily or weekly chart.

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Bullish Abandoned Baby

  • Sunday, 16 May 2010 23:01
  • Written by Desmond Wira

Bullish Abandoned Baby candlestick signals bullish reversal. This candle pattern is almost the same with Morning Star or Morning Doji Star. This pattern characterized by 3 candle. One is black candle, candle in the middle is a Doji or Spinning Top, and the last candle is white candle. Candle in the middle has some distance with other two candles. This candlestick pattern is rarely seen. Usually appear in longer time frame, for example daily or weekly chart.

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Evening Doji Star

  • Sunday, 16 May 2010 22:58
  • Written by Desmond Wira

Evening Doji Star candlestick signals bearish reversal. This candle pattern is almost the same with Evening Star. This pattern characterized by 3 candle. One is white candle, candle in the middle is a Doji, and the last candle is black candle. Reversal signal created from this candle is pretty strong. So, you have to be careful when seeing this candle pattern. Usually this candle pattern confirms a trend reversal.

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