This section allows you to test candlestick patterns based on daily candlesticks.
This section will be updated soon, in the meantime please enjoy the glossary below which was created by StockCharts.
Dark Cloud Cover
A bearish reversal pattern that continues the uptrend with a long white body. The next day opens at a new high, then closes below the midpoint of the body of the first day.
Doji
Doji form when the open and close of a security are virtually equal. The length of the upper and lower shadows can vary, and the resulting candlestick looks like either a cross, inverted cross or plus sign. Doji conveys a sense of indecision or tug-of-war between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level.
Engulfing Pattern
A reversal pattern that can be bearish or bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's body and closes in the opposite direction of the trend. This pattern is similar to the outside reversal chart pattern, but does not require the entire range (high and low) to be engulfed, just the open and close.
Evening Star
A bearish reversal pattern that continues an uptrend with a long white body day followed by a gapped up small body day, then a down close with the close below the midpoint of the first day.
Hammer
Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.
Harami
A two-day pattern that has a small body day completely contained within the range of the previous body, and is the opposite color.
Inside Day
A chart pattern where the high is less than the previous day's high and the low is greater than the previous day's low. Picture not available.
Inverted Hammer
A one-day bullish reversal pattern. In a downtrend, the open is lower, then it trades higher, but closes near its open, therefore looking like an inverted lollipop.
Morning Star
A three-day bullish reversal pattern consisting of three candlesticks - a long-bodied black candle extending the current downtrend, a short middle candle that gapped down on the open, and a long-bodied white candle that gapped up on the open and closed above the midpoint of the body of the first day.
Outside Day
A chart pattern where the high is above the previous day's high and the low is below the previous day's low. If the close is less than the prior close it is considered Bearish, if the close is greater than the prior close it is considered Bullish. Picture not available.
Piercing Line
A bullish two-day reversal pattern. The first day, in a downtrend, is a long black day. The next day opens at a new low, then closes above the midpoint of the body of the first day.
