Binary options group

Description : PATTERNS
Candlestick patterns - Bearish and Bullish

>> "TriStar"

TriStar is a trend reversal candlestick pattern consisting of three Doji candles.
A bullish trend reversal can be predicted after a downtrend when the second Doji gaps down from the first and the third candles.
In uptrend, a bearish reversal is recognized when the second Doji gaps up from the first and the third candles.

Example:

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Description : PATTERNS
Candlestick patterns - Bearish and Bullish

>> "ZigZagStepPattern"


ZigZagStepPattern is a candlestick pattern proposed by Sylvain Vervoort in his article in July 2013 issue of Technical Analysis of Stocks & Commodities.
This technical indicator is based on the observation that certain patterns often form at high and low swing points, thus signifying that previous trend is about to reverse.
High and low swing points are defined using the ZigZagHighLow technical indicator.

- The UpStep pattern can signify reversal of downtrend and is identified upon any of the following conditions:
> Low swing point candle is bullish and opens within the body of the previous candle (lower of the Open and Close included) and closes above it.
> Low swing point candle of either color is followed by a bullish candle which opens within previous candle's body (lower of the Open and Close included) and closes above it.

- The DownStep pattern can signify reversal of uptrend and is identified upon any of the following conditions:
> High swing point candle is bearish and opens within the body of the previous candle (higher of the Open and Close included) and closes below it.
> High swing point candle of either color is followed by a bearish candle which opens within previous candle's body (higher of the Open and Close included) and closes below it.


Example:

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Description : PATTERNS
Candlestick patterns - Bearish Only

>> "AdvanceBlock"

Advance Block is a bearish trend reversal candlestick pattern consisting of three candles.

The Advance Block candlestick pattern is recognized if:

> All three candles are bullish and continue the uptrend;
> Each candle's Open price is within the previous candle's body;
> The second candle's body is smaller than that of the first candle,
and the third candle's body is smaller than that of the second candle;
> Both second and third candles have long upper shadows.

Example:

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Description : PATTERNS
Candlestick patterns - Bearish Only

>> "DarkCloudCover"

Dark Cloud Cover is a bearish trend reversal candlestick pattern consisting of two candles.

The Dark Cloud Cover candlestick pattern is recognized if:

> The first candle is long and bullish and continues the uptrend;
> The second candle is bearish and it opens above the first candle's High price;
> The Close price of the second candle is in the lower half of the previous candle body.

Example:

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Description : PATTERNS
Candlestick patterns - Bearish Only

>> "Deliberation"


Deliberation is a bearish trend reversal candlestick pattern consisting of three candles.

The Deliberation candlestick pattern is recognized if:

> The first and the second candles are long and bullish;
> All the three candles have consequently higher Open prices;
> The Open and Close prices of the second candle are greater than those of the first candle;
> The third candle is short and either gaps up from the second candle or has about the same Close price.

Example:

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Description : PATTERNS
Candlestick patterns - Bearish Only

>> "DownsideGapThreeMethods"

Downside Gap Three Methods is a bearish trend continuation candlestick pattern consisting of three candles.
The Downside Gap Three Methods candlestick pattern is recognized if:

> The first and the second candles are long and bearish and continue the downtrend;
> The second candle gaps down from the first one;
> The third candle is bullish and its body covers the gap between the two previous candles.

Example:

 
Description : PATTERNS
Candlestick patterns - Bearish Only

>> "DownsideTasukiGap "


Downside Tasuki Gap is a bearish trend continuation candlestick pattern consisting of three candles.

The Downside Tasuki Gap candlestick pattern is recognized if:

> The first two candles are bearish and continue the downtrend;
> The second candle gaps down from the first one;
> The third candle is bullish and opens within the previous candle's body;
> The third candle's Close price is within the gap between the first and the second candles.


Example:

 
Description : PATTERNS
Candlestick patterns - Bearish Only

>> "EveningDojiStar "


Evening Doji Star is a bearish trend reversal candlestick pattern consisting of three candles.

The Evening Doji Star candlestick pattern is recognized if:

> The first candle is long and bullish and continues the uptrend;
> The second candle is Doji that gaps up from the first candle;
> The third candle is bearish and closes below the first candle's midpoint.

Example:

 
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Description : PATTERNS
Candlestick patterns - Bearish Only

>> "EveningStar"


Evening Star is a bearish trend reversal candlestick pattern consisting of three candles.

The Evening Star candlestick pattern is recognized if:

> The first candle is long and bullish and continues the uptrend;
> The second candle is short and gaps up from the first one;
> The third candle is bearish and its Close price is lower than the first candle's midpoint.

Example:

 
Description : PATTERNS
Candlestick patterns - Bearish Only

>> "FallingThreeMethods"

Falling Three Methods is a bearish trend continuation candlestick pattern consisting of five candles.

The Falling Three Methods candlestick pattern is recognized if:

> The first candle is long and bearish and continues the downtrend;
> The next three candles are short and, as a group, form a short-term uptrend, closing within the first candle's body;
> The fifth candle is long and bearish again and its Close price is lower than that of the first candle.

Example:

 
Description : PATTERNS
Candlestick patterns - Bearish Only

>> "HangingMan"

Hanging Man is a bearish trend reversal candlestick pattern which is a candle of specific shape.
The trend reversal can be predicted if occurring after the uptrend, this candle has a short body located in the top half of the trading range, absent or very short upper shadow, and long lower shadow.


Example:

 
Description : PATTERNS
Candlestick patterns - Bearish Only

>> "IdenticalThreeCrows"


Identical Three Crows is a bearish trend reversal candlestick pattern consisting of three candles.
The Identical Three Crows candlestick pattern is recognized if:

> All the three candles are long and bearish and appear after the uptrend;
> Each candle has the Close price lower than that of the previous one;
> Each candle opens at the previous candle's Close price.

Example:

 
Description : PATTERNS
Candlestick patterns - Bearish Only

>> "InNeck"


In Neck is a bearish trend continuation candlestick pattern consisting of two candles.

The In Neck candlestick pattern is recognized if:
> The first candle is long and bearish and continues the downtrend;
> The second candle is bullish and opens at a new Low price;
> The second candle's Close price is either equal to or slightly higher than that of the first candle.

Example:

 
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