The Stock Stethoscope

THREE WHITE SOLDIERS CANDLESTICK PATTERN

The “Three White Soldiers” is a bullish candlestick pattern that is often seen on a price chart. The pattern consists of three long-bodied bullish candles that have progressively higher closes. Each candle in the pattern should open above the previous day’s open and close near the high of the day, creating a bullish sentiment in…
EVENING STAR CANDLESTICK PATTERN

The “Evening Star” is a popular bearish reversal candlestick pattern that appears on a price chart after a prolonged uptrend. The pattern consists of three candles and is formed by the following sequence of candles: The first candle is a long bullish candle, indicating a strong upward move. The second candle is a small-bodied candle…
MORNING STAR CANDLESTICK PATTERN

The “Morning Star” candlestick pattern is a three-candle pattern that is typically seen at the bottom of a downtrend. It is considered a bullish reversal pattern and can be an indication of a potential trend reversal. Here are the details of this pattern: 1) First Candle: The first candle in the pattern is a long…
PIERCING LINE CANDLESTICK PATTERN

The “piercing line” candlestick pattern is a technical analysis pattern that occurs during a downtrend and signals a potential bullish reversal. It is a two-candle pattern consisting of a bearish candle followed by a bullish candle that opens below the low of the previous bearish candle but closes above the midpoint of the previous bearish…
DARK CLOUD COVER CANDLESTICK PATTERN

The “Dark Cloud Cover” is a bearish candlestick pattern that typically forms at the end of an uptrend. It is a two-candlestick pattern that can provide traders with a warning signal that the uptrend may be reversing. The first candlestick in the pattern is a long green candlestick, indicating that the market has been bullish…
BEARISH HARAMI CANDLESTICK PATTERN

The “Bearish Harami” pattern is a popular technical analysis pattern used by traders to identify potential reversals in the market. The pattern consists of two candlesticks, where the first candlestick is a long bullish candle, and the second candlestick is a smaller bearish candlestick that is completely engulfed by the first candlestick. The Bearish Harami…
BULLISH HARAMI CANDLESTICK PATTERN

The “Bullish Harami” Pattern is a two-candlestick pattern that is commonly used in technical analysis to predict potential bullish price reversals in the financial markets. It is formed by two candlesticks, with the first candlestick being a long bearish candle and the second candlestick being a small bullish candle that is completely engulfed by the…
BEARISH ENGULFING CANDLESTICK PATTERN

The “Bearish Engulfing” Pattern is a popular candlestick chart pattern used by technical analysts to identify potential trend reversals in financial markets. It is a two-candle pattern that forms during an uptrend, and is considered to be a strong signal of a potential trend reversal towards the downside. Here are the details of the Bearish…
BULLISH ENGULFING CANDLESTICK PATTERN

The “Bullish Engulfing” Pattern is a two-candlestick pattern that is typically found on price charts. It signals a potential reversal of a downtrend, with the bullish candlestick completely engulfing the prior bearish candlestick. Here are the key characteristics of the Bullish Engulfing Pattern: Downtrend: The pattern should be preceded by a downtrend. This means that…