The Stock Stethoscope

BULLISH & BEARISH HOMING PEGION CANDLESTICK PATTERN

The terms “bullish homing pigeon” and “bearish homing pigeon” are used in technical analysis to describe patterns observed in stock charts. These patterns can indicate a potential shift in market sentiment, and are often used by traders to make trading decisions. A “homing pigeon” is a pattern where a small body candlestick (i.e., a candlestick…
MATCHING LOW AND MATCHING HIGH CANDLESTICK PATTERN

The “matching low” and “matching high” patterns are two examples of candlestick patterns that traders can use to help identify potential market reversals or continuations. Matching Low Pattern: The matching low pattern consists of two candlesticks. The first candlestick is a bearish candle that opens near its high and closes near its low. The second…
HARAMI CROSS CANDLESTICK PATTERN

The “Harami Cross” is a candlestick pattern in technical analysis that signals a potential trend reversal. It is formed by two candles, with the first candle being a long candle in the direction of the trend, followed by a small candle with a long shadow, which represents indecision in the market. Here are the characteristics…
BEARISH MARUBOZU CANDLESTICK PATTERN

The “Bearish Marubozu” is a candlestick pattern in technical analysis used to identify potential price reversals in financial markets. It is characterized by a long black or red candlestick with no upper shadow and a small or non-existent lower shadow. The pattern suggests that sellers have controlled the market throughout the trading session, resulting in…
BULLISH MARUBOZU CANDLESTICK PATTERN

The “Bullish Marubozu” candlestick pattern is a type of candlestick formation that occurs when the open price of a security is equal to its low, and the close price is equal to its high. The term “marubozu” comes from Japanese, meaning “shaved head,” which refers to the candlestick’s lack of upper and lower shadows. The…
EVENING DOJI STAR CANDLESTICK PATTERN

The “Evening Doji Star” is a bearish candlestick pattern that appears during an uptrend and signals a potential reversal. This pattern consists of three candles: 1) The first candle is a long bullish candle, which reflects the prevailing uptrend. 2) The second candle is a Doji, which indicates indecision in the market. A Doji has…
MORNING DOJI STAR CANDLESTICK PATTERN

The “Morning Doji Star” pattern is a bullish candlestick reversal pattern that consists of three candles. It is a relatively reliable pattern that signals a potential change in trend from bearish to bullish. Here are the details of the pattern: 1) The first candlestick is a long bearish candlestick, indicating that sellers have control of…
DOWNSIDE TASUKI GAP CANDLESTICK PATTERN

The “Downside Tasuki Gap” is a bearish candlestick pattern that indicates a potential reversal in an uptrend. The pattern is made up of three candles, with the middle candlestick forming a gap down from the previous candle, and the final candlestick closing below the middle candlestick. Here are the details of the Downside Tasuki Gap…
UPSIDE TASUKI GAP CANDLESTICK PATTERN

The “Upside Tasuki Gap” is a bullish candlestick pattern that occurs during an uptrend and is formed by a gap between two candlesticks. It is a continuation pattern, meaning that it signals a continuation of the prevailing uptrend. Here are the characteristics of the Upside Tasuki Gap pattern: a) The market should be in an…