(Candlestick Pattern) Flashcards
11 cards from real Day Trading practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 11 (Candlestick Pattern) flashcards as text
What is this two-day pattern of trend reversal?
Answer: Bullish Engulfing
The Bullish Engulfing pattern is a two-day bullish reversal pattern that typically occurs during a downtrend. It is characterized by a small bearish candle on the first day being completely 'engulfed' by a large bullish candle on the second day. This indicates a strong shift in momentum from sellers to buyers, signaling a potential trend reversal upwards.
What does this trend continuation pattern of two days mean?
Answer: Bullish Thrusling Line
The Bullish Thrusting Line (likely 'Thrusting Line') is a two-day bullish continuation pattern. It appears in an uptrend, where a bearish candle on the first day is followed by a bullish candle that opens below the first day's low but closes above its midpoint. This indicates that despite an initial dip, buyers regained control, suggesting the uptrend will continue.
What is this two-day pattern of trend reversal?
Answer: Bullish Harami
The Bullish Harami is a two-day bullish reversal pattern that forms during a downtrend. It consists of a large bearish candle on the first day, followed by a small bullish candle whose real body is completely contained within the real body of the first candle. This 'pregnant' appearance suggests indecision and a potential shift in momentum, often preceding a reversal upwards.
What exactly is this three-day pattern of trend reversal?
Answer: Bullish Outside Up
The Bullish Outside Up is a three-day bullish reversal pattern. It starts with a bearish candle, followed by a bullish candle that completely engulfs the first (an outside day). The third day is another bullish candle that closes higher than the second, confirming the strong upward momentum and trend reversal.
What does this trend continuation pattern of two days mean?
Answer: Bullish Separating Line
The Bullish Separating Line is a two-day bullish continuation pattern that appears in an strong uptrend. It consists of a bearish candle followed by a bullish candle that opens at the same price as the first candle's open, but then closes higher. This pattern indicates that despite a temporary dip, the bullish sentiment remains strong, confirming the continuation of the uptrend.
What does this three-day bullish trend continuation pattern?
Answer: Bullish Upside Gap Filled
The 'Bullish Upside Gap Filled' pattern suggests a continuation of an uptrend. It typically involves a bullish gap up, where the price opens significantly higher than the previous close. Subsequently, the price may retrace to 'fill' this gap, but then resumes its upward movement, confirming the underlying bullish momentum.
What is this three-day bullish trend continuation pattern?
Answer: Bullish Upside Tasuki Gap
The Bullish Upside Tasuki Gap is a three-day bullish continuation pattern. It starts with two consecutive bullish candles forming an upward gap, followed by a bearish candle that opens within the second bullish candle and closes within the gap, but does not close the gap entirely. This indicates a temporary pullback within a strong uptrend, suggesting further upward movement.
What does this three-day bearish trend reversal pattern?
Answer: Bearish Outside Down
The Bearish Outside Down is a three-day bearish reversal pattern. It begins with a bullish candle, followed by a bearish candle that completely engulfs the first (an outside day). The third day is another bearish candle that closes lower than the second, confirming the strong downward momentum and trend reversal.
What does this three-day bearish trend reversal pattern?
Answer: Bearish Inside Down
The Bearish Inside Down is a three-day bearish reversal pattern. It starts with a long bullish candle, followed by a smaller bearish candle completely contained within the first (an inside day). The third day is a strong bearish candle that closes below the second day's close, confirming the reversal.
What does this three-day bearish trend continuation pattern?
Answer: Bearish Downside Gap Filled
The 'Bearish Downside Gap Filled' pattern suggests a continuation of a downtrend. It typically involves a bearish gap down, where the price opens significantly lower than the previous close. Subsequently, the price may retrace upwards to 'fill' this gap, but then resumes its downward movement, confirming the underlying bearish momentum.
What does this three-day bearish trend continuation pattern?
Answer: Bearish Downside Tasuki Gap
The Bearish Downside Tasuki Gap is a three-day bearish continuation pattern. It starts with two consecutive bearish candles forming a downward gap, followed by a bullish candle that opens within the second bearish candle and closes within the gap, but does not close the gap entirely. This indicates a temporary rebound within a strong downtrend, suggesting further downward movement.