BEARISH CANDLESTICK PATTERNS – PART 2

Uploaded by : DreamGains Financials, Posted on : 05 Oct 2015

 
  1. Bearish Engulfing

 

 Bearish Engulfing

 

Identification:

First day is a long white body candle

Second day is a black body candle that completely covers the real body of first day’s candle

  1. Evening Doji Star

 

 Evening Doji Star

 

Identification:

First day is a long white body candle

Second day is a doji that gaps in the direction of the previous trend

Third day is a black body candle usually body of it below the second day’s candle

  1. Evening Star

 

 Evening Star

 

Identification:

First day is a long white real body candle

Second day is a small body candle that gaps in the direction of previous trend

Third day is a black real body candle

  1. Bearish Falling Three Method

 

Bearish Falling Three Method

 

Identification:

First day is a long black real body candle

Second, third and fourth days have small real bodies and follow a brief uptrend, but stay within the range of first day

Fifth day is a long black real body candle that closes below the close of first day

  1. Shooting Star/ Gravestone Doji Bearish

 

 Shooting Star/ Gravestone Doji Bearish

 

Identification:

Small real body (no real body in case of gravestone doji) at the lower end of the trading range

Prices open gap up

Upper shadow usually at least three times as long as the real body

No (or almost no) lower shadow

  1. Hanging Man/ Dragonfly Doji Bearish

 

 Hanging Man/ Dragonfly Doji Bearish

 

Identification:

Small real body (no real body in case of dragonfly doji) at the upper end of the trading range

Lower shadow at least twice as long as the real body

No (or almost no) upper shadow

  1. Bearish Harami

 

 Bearish Harami

 

Identification:

First day is a long white body candle

Second day is a black real body candle that is completely engulfed by the real body of the first day

  1. Bearish Harami Cross

 

 Bearish Harami Cross

 

Identification:

First day is a long white body candle

Second day is a doji that is within the range of previous day’s real body

  1. Identical Three Crows Bearish

 

 Identical Three Crows Bearish

 

Identification:

Consecutive three black body candles, each with a close below the previous day

Each day opens at the close of previous day

  1. Bearish Three Black Crows

 

 Bearish Three Black Crows

 

Identification:

Consecutive three black body candles each with a close below the previous day

Each day opens within the body of previous day and closes at near or at its lows

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