Candle Stick Patterns

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Title: Example

Description: This is an example.

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Doji

Description:

The basic doji candlestick pattern is when a candle’s open and close are almost equal.

The shadows can vary in length.

So the candlestick looks like an inverted cross, a simple cross, or plus sign. The doji conveys an even struggle between the forces of the market, both side pushing with no net gain is achieved. The doji can be both a reversal pattern and a continuation pattern.

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Abandoned Baby

Description:

This candlestick pattern looks like it sounds, the parents have walked off and left the baby behind!

This is a reversal pattern which can occur at the end of a run in prices.

It is pretty rare to find, but it is pretty reliable when it does happen.

It happens over three candles, the middle candle is a doji which has gapped away from the previous candle. The final candle gaps back the opposite direction.

The gaps leave a clear distance between the shadow of the doji candle and both shadows of the first and third candle, leaving it abandoned.