FIRE SAMURAI

  Here is the link to my previous article on A Study in Technical Analysis : Candlestick Part 1 - One White Soldier  :   Link ONE BLACK CROW One Black Crow candlestick pattern is a Bearish Reversal Pattern used to predict the reversal of the current uptrend. The pattern consists of two consecutive long-bodied candlesticks - The first being a Bullish Candlestick followed by a Bearish Candlestick. This candlestick pattern rarely appears and if it does appear it can be quite strong. The One Black Crow should have the following  characteristics. Bullish Candle followed by a Bearish Candle.  If it is during a long uptrend, The Bullish Candle must be a new high in the downtrend(Counter Trend Trade).   1.   The Bearish Candle must open Below the Close of the Bullish Candle Open2 Lower than Close1   2. Must make a lower high. High2 Lower than High1   3. The Bearish Candle must close below the low of the Bullish Candle. Close2 Lowe...

Decided to start a Technical Analysis series to analyze a few candlestick patterns and other tools to help me improve my stock and options trading.  ONE WHITE SOLDIER One White Soldier candlestick pattern is a Bullish Reversal Pattern used to predict the reversal of the current downtrend. The pattern consists of two consecutive long-bodied candlesticks - The first being a Bearish Candlestick followed by a Bullish Candlestick. This candlestick pattern rarely appears and if it does appear it's likely a strong indication of a reversal in trend (supported by other indicators as well). The One White Soldier should have the following  characteristics.  Bearish Candle followed by a Bullish Candle.  If it is during a long downtrend, The Bearish Candle must be a new low in the downtrend(Counter Trend Trade).   1.   The Bullish Candle must open Above the Close of the Bearish Candle Open2 Higher than Close1   ...