Candlestick Pattern Part - 3

 16) Three Black Crows

The Three Black Crow is a multiple candlestick patterns that forms after an uptrend that signals a bearish reversal.

These candlesticks are made up of three bearish bodies that do not have long shadows and open within the actual body of the previous candle in the pattern.

17) Black Marubozu

The Black Marubozu is a single candlestick pattern formed after an uptrend that signals a bearish reversal.

This candlestick chart has a long bearish body with no upper or lower shadows, which indicates that the bears are building selling pressure and a bearish trend is likely in the market. 

In this candle formation, buyers should be careful and close their buy position.

18) Three Inside Down

The Three Inside Down is a multiple candlestick patterns formed after an uptrend indicating a bearish reversal.

It consists of three candlesticks, the first is a long bullish candle, and the second is a short bearish candlestick that should be in the range of the first candlestick.

The third candlestick chart should be a long bearish candlestick that confirms a bearish reversal.

The first and second candlesticks should belong to the Bearish Harami candlestick pattern.

Traders can take short positions after the completion of this candlestick pattern.

19) Bearish Harami

There is a Bearish Harami multiple candlestick patterns formed after an uptrend indicating a bearish reversal.

It consists of two candlesticks, the first candlestick is a long bullish candle and the second is a short bearish candle which should be in the range of the first candlestick chart.

The first bullish candle indicates a continuation of the bullish trend and the second candle indicates that the bears are back in the market.

Traders can take short positions after the completion of this candlestick pattern.

20) Shooting Star

A shooting star is formed at the end of an uptrend and signals a bearish reversal.

In this candlestick chart, the real body is located at the end and there is a long upper shadow. This is the inverse of the Hanging Man candlestick pattern.

This pattern is formed when the opening and closing prices are close to each other and the upper shadow should be more than twice that of the actual body.

 

21) Tweezer Top

The Tweezer Top Pattern is a bearish reversal candlestick pattern that forms at the end of an uptrend.

It consists of two candlesticks, one is Bullish and the other is Bearish. Both tweezer candlesticks make almost or the same high.

When the Tweezer Top candlestick pattern is formed, the prior trend is an uptrend. A bullish candlestick is formed which looks like a continuation of an ongoing uptrend.

The next day, the second day's bearish candle highs indicate a resistance level. The bulls seem to be pushing the prices upwards, but now they are not ready to buy higher prices.

Top candles with almost the same height indicate the strength of resistance and also indicate that an uptrend may reverse to form a downtrend. This bearish reversal is confirmed the next day when a bearish candle is formed.

 22) Bearish Counterattack

Bearish Reversal Candlestick Pattern A bearish reversal pattern that appears during an uptrend in the market. It predicts that the market will make an existing uptrend and a new downtrend will take over the market.

23) Doji

The Doji pattern is a candlestick pattern of indecision that is formed when the opening and closing prices are almost equal.

It is formed when both the bulls and the bears are fighting to control the prices but no one is successful in gaining complete control over the prices.

The candlestick pattern looks like a cross with a very small real body and a long shadow.

24) Falling Three Methods 

The "Three Ways to Fall" is a bearish, five-candle continuation pattern that signals a halt, but not a reversal of the ongoing downtrend.

The candlestick pattern is made up of two long candlestick charts in the direction of the trend, ie downtrend at the beginning and end, with three short counter-trend candlesticks in the middle.

The candlestick pattern is important as it shows traders that the bulls still do not have enough strength to reverse the trend.

 25) Rising Three Methods

The "Rising Three Methods" is a bullish, five-candle continuation pattern that signals a halt, but not a reversal of the ongoing uptrend.

The candlestick pattern is made up of two long candlesticks in the direction of the trend i.e. uptrend in this case. At the beginning and end, with three small counter-trend candlesticks in the middle.

The candlestick pattern is important because it shows traders that the bears still do not have enough power to reverse the trend.

 26) Upside Tasuki Gap

This is a Bullish continuation candlestick pattern forming in an ongoing uptrend.

This candlestick pattern consists of three candles, the first candlestick is a long-bodied bullish candlestick, and the second candlestick is also a bullish candlestick chart formed after the gap up.

The third candlestick is a bearish candle that closes in the gap formed between these first two bullish candles.

 27) Downside Tasuki Gap

This is a bearish continuation candlestick pattern formed in an ongoing downtrend.

This candlestick pattern consists of three candles, the first candlestick is a long-bodied bearish candlestick, and the second candlestick is also a bearish candlestick formed after a gap down.

28) Rising Window

A rising window is a candlestick pattern in which there is a gap between two bullish candlesticks. The gap is the space between the high and low of two candlesticks which results in high trading volatility. This is a trend continuation candlestick pattern which indicates strong buyer strength in the market.

29) Falling Window

A falling window is a candlestick pattern consisting of two bearish candlesticks with a gap between them. The gap is the space between the high and low of two candlesticks. This is due to the high trading volatility. This is a trend continuation candlestick pattern and it is a sign of strong sellers strength in the market.

 30) White Marubozu

The White Marubozu is a single candlestick pattern formed after a downtrend that signals a bullish reversal.

This candlestick consists of a long bullish body with no upper or lower shadows, which indicates that the bulls are building up buying pressure and the market is likely to move higher.

In this candle formation, sellers should be careful and close their shorting positions.

Important Note:-

Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret potential market trends and make decisions from those projections. There are different types of candlestick patterns that can indicate bullish or bearish movements.

1. Risk in the stock market is when you do not know what you are doing in the stock market.

2. It is very important for the investor to have confidence in himself while investing.

3. If you lose in the share market, that is the real meaning of victory and the new way to win.

4. If there is no possibility of defeat then victory has no meaning. 

5. You should have the utmost confidence in yourself while investing. 

Investing in the stock market comes with its share of ups and downs. It is important to understand that investing in stocks can be profitable and can also cause harm. The market movement is not always upwards. That's why it takes time, patience and the right mindset to make a good investment.