Bulkowski’s Two Line Candlesticks

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Written by and copyright © 2007-2008 by Thomas N. Bulkowski. All rights reserved.

Shown are small images of candlestick patterns, listed alphabetically, based on two candle lines. The information is derived from my book, Encyclopedia of Candlestick Charts, and performance is based on the bull market only. A rank of 1 is best out of 103 candle patterns. Be sure to return to the home page for more trading information.
 
Theory refers to how the candle is theoretically supposed to act, based on other (not my book) published sources.
Actual describes how the candle actually acts, based on tests using over 4.7 million candle lines.
Frequency rank tells how often the candle appears when compared to all other candles.
Overall performance rank is a ranking of the sum of performance over 1, 3, 5 and 10 days after the candle ends. Performance measures the change in closing prices over the four time periods.
The black arrow on the figure shows which way price usually moves after the candlestick pattern ends.
Quick reference: A to D    E    H    I to K    L    M    O to S    T    W   

 

Image of a above the stomach candlestick
Above the Stomach
Theory: Bullish reversal
Actual: Bullish reversal 66% of the time
Frequency rank: 32
Overall performance rank: 31
 Image of a below the stomach candlestick
Below the stomach
Theory: Bearish reversal
Actual: Bearish reversal 60% of the time
Frequency rank: 38
Overall performance rank: 59
 Image of a dark cloud cover candle pattern
Dark cloud cover
Theory: Bearish reversal
Actual: Bearish reversal 60% of the time
Frequency rank: 46
Overall performance rank: 22
Image of a bearish doji star candle
Doji star, bearish
Theory: Bearish reversal
Actual: Bullish continuation 69% of the time
Frequency rank: 43
Overall performance rank: 51
 Image of a bullish doji star candle
Doji star, bullish
Theory: Bullish reversal
Actual: Bearish continuation 64% of the time
Frequency rank: 53
Overall performance rank: 49
 Image of a bearish engulfing candle
Engulfing, bearish
Theory: Bearish reversal
Actual: Bearish reversal 79% of the time
Frequency rank: 11
Overall performance rank: 91
Image of a bullish engulfing candle
Engulfing, bullish
Theory: Bullish reversal
Actual: Bullish reversal 63% of the time
Frequency rank: 12
Overall performance rank: 84
 Image of an inverted hammer
Hammer, inverted
Theory: Bullish reversal
Actual: Bearish continuation 65% of the time
Frequency rank: 61
Overall performance rank: 6
 Image of a bearish harami candle
Harami, bearish
Theory: Bearish reversal
Actual: Bullish continuation 53% of the time
Frequency rank: 26
Overall performance rank: 72
Image of a bullish harami candle
Harami, bullish
Theory: Bullish reversal
Actual: Bullish reversal 53% of the time
Frequency rank: 25
Overall performance rank: 38
 Image of a bearish harami cross candle
Harami cross, bearish
Theory: Bearish reversal
Actual: Bullish continuation 57% of the time
Frequency rank: 45
Overall performance rank: 80
 Image of a bullish harami cross candle
Harami cross, bullish
Theory: Bullish reversal
Actual: Bearish continuation 55% of the time
Frequency rank: 47
Overall performance rank: 50
Image of a homing pigeon candle
Homing pigeon
Theory: Bullish reversal
Actual: Bearish continuation 56% of the time
Frequency rank: 34
Overall performance rank: 21
 Image of an in neck candle
In neck
Theory: Bearish continuation
Actual: Bearish continuation 53% of the time
Frequency rank: 62
Overall performance rank: 17
 Image of a bearish kicking candle
Kicking, bearish
Theory: Bearish reversal
Actual: Bearish reversal 54% of the time
Frequency rank: 102
Overall performance rank: 102
Image of a bullish kicking candle
Kicking, bullish
Theory: Bullish reversal
Actual: Bullish reversal 53% of the time
Frequency rank: 100
Overall performance rank: 96
 Image of a last engulfing bottom candle
Last engulfing bottom
Theory: Bullish reversal
Actual: Bearish continuation 65% of the time
Frequency rank: 13
Overall performance rank: 48
 Image of a last engulfing top candle
Last engulfing top
Theory: Bearish reversal
Actual: Bullish continuation 68% of the time
Frequency rank: 14
Overall performance rank: 79
Image of a matching low candle
Matching low
Theory: Bullish reversal
Actual: Bearish continuation 61% of the time
Frequency rank: 58
Overall performance rank: 8
 Image of a meeting lines bearish candle
Meeting lines, bearish
Theory: Bearish reversal
Actual: Bullish continuation 51% of the time
Frequency rank: 63
Overall performance rank: 16
 Image of a bullish meeting lines candle
Meeting lines, bullish
Theory: Bullish reversal
Actual: Bullish reversal 56% of the time
Frequency rank: 72
Overall performance rank: 18
Image of a bearish on neck candle
On neck, bearish
Theory: Bearish continuation
Actual: Bearish continuation 56% of the time
Frequency rank: 70
Overall performance rank: 33
 Image of a piercing pattern candle
Piercing pattern
Theory: Bullish reversal
Actual: Bullish reversal 64% of the time
Frequency rank: 40
Overall performance rank: 13
 Image of a bearish separating lines candle
Separating lines, bearish
Theory: Bearish continuation
Actual: Bearish continuation 63% of the time
Frequency rank: 82
Overall performance rank: 40
Image of a bullish separating lines candle
Separating lines, bullish
Theory: Bullish continuation
Actual: Bullish continuation 72% of the time
Frequency rank: 76
Overall performance rank: 36
 Image of a shooting star candle
Shooting star
Theory: Bearish reversal
Actual: Bullish continuation 61% of the time
Frequency rank: 51
Overall performance rank: 52
 Image of a thrusting candle
Thrusting
Theory: Bearish continuation
Actual: Bullish reversal 57% of the time
Frequency rank: 56
Overall performance rank: 15
Image of a tweezers bottom candle
Tweezers Bottom
Theory: Bullish reversal
Actual: Bearish continuation 52% of the time
Frequency rank: 39
Overall performance rank: 44
 Image of a tweezers top candle
Tweezers top
Theory: Bearish reversal
Actual: Bullish continuation 56% of the time
Frequency rank: 35
Overall performance rank: 81
 Image of a two black gapping candles
Two black gapping
Theory: Bearish continuation
Actual: Bearish continuation 68% of the time
Frequency rank: 29
Overall performance rank: 10
Image of a falling window candle
Window, falling
Theory: Bearish continuation
Actual: Bearish continuation 67% of the time
Frequency rank: 23
Overall performance rank: 7
 Image of a rising window candle
Window, rising
Theory: Bullish continuation
Actual: Bullish continuation 75% of the time
Frequency rank: 20
Overall performance rank: 42

Copyright © 2007-2008 by Thomas N. Bulkowski. All rights reserved. Whenever I feel blue, I start breathing again.