Candlestick bear reversal patterns 2

. Posted in Forex Material - Accordeon Candlesticks

Pattern Name How to identify Pattern picture

Bearish Breakaway

(next candle is bearish)

First day is a long bullish candle.

Second day is a bullish candle whose body gaps up.

Third & fourth days close higher each day.

Fifth day is a long bearish candle that closes inside the gap created by the first and Second days.

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Bearish Abandoned Baby

(next candle is bearish)

First day is a bullish candle.

Second day is a doji whose shadows gaps above the first day's close.

Third day is a bearish candle that gaps down and contains no overlapping shadows.

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Bearish Advance Block

(next candle is bearish)

Three consecutive bullish candles with higher closes each day.

Each day opens within the previous body.

Each day displays deterioration of the upward move as shown with the long upper shadows on the second and third days.

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Bearish Evening Doji Star

(next candle is bearish)

First day is a long bullish candle.

Second day is a doji which gaps above the first day's close. 

Third day is a bearish candle.

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Bearish Evening Star

(next candle is bearish)

first day is a long bullish candle.

Second day gaps above the first day's close.

Third day is a long bearish candle.

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Bearish Identical Three Crows

(next candle is bearish)

Three consecutive long bearish candles with lower closes each day.

Each day opens at the previous day's close.

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Bearish Three bearish Crows

(next candle is bearish)

Three consecutive bearish candles with lower closes each day.

Each day opens within the body of the previous day.

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Bearish Three Inside Down

(next candle is bearish)

First two days form a bearish harami.

Third day closes lower than the second day.

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Bearish Three Outside Down

(next candle is bearish)

Bearish Engulfing formation occurs making up the first two days.

The third day closes lower than the second day.

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