Bulkowski’s Five 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 five 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.
Image of a 8 new price lines candlestick
8 new price lines
Theory: Bearish reversal
Actual: Bullish continuation 53% of the time
Frequency rank: 52
Overall performance rank: 90
 Image of a 10 new price lines candlestick
10 new price lines
Theory: Bearish reversal
Actual: Bearish reversal 51% of the time
Frequency rank: 69
Overall performance rank: 100
 Image of a 12 new price lines candlestick
12 new price lines
Theory: Bearish reversal
Actual: Bullish continuation 51% of the time
Frequency rank: 87
Overall performance rank: 99
Image of a 13 new price lines candlestick
13 new price lines
Theory: Bearish reversal
Actual: Bearish reversal 57% of the time
Frequency rank: 90
Overall performance rank: 95
 Image of a bearish breakaway candlestick
Breakaway, bearish
Theory: Bearish reversal
Actual: Bearish reversal 63% of the time
Frequency rank: 98
Overall performance rank: 11
 Image of a bullish breakaway candlestick
Breakaway, bullish
Theory: Bullish reversal
Actual: Bullish reversal 59% of the time
Frequency rank: 97
Overall performance rank: 45
Image of a falling 3 methods candlestick
Falling 3 methods
Theory: Bearish continuation
Actual: Bearish continuation 71% of the time
Frequency rank: 91
Overall performance rank: 89
 Image of a ladder bottom candlestick
Ladder bottom
Theory: Bullish reversal
Actual: Bullish reversal 56% of the time
Frequency rank: 80
Overall performance rank: 41
 Image of a mat hold candlestick
Mat hold
Theory: Bullish continuation
Actual: Bullish continuation 78% of the time
Frequency rank: 93
Overall performance rank: 86
Image of a rising 3 methods candlestick
Rising 3 methods
Theory: Bullish continuation
Actual: Bullish continuation 74% of the time
Frequency rank: 88
Overall performance rank: 94

Copyright © 2007-2008 by Thomas N. Bulkowski. All rights reserved. Where there’s a will, I want to be in it!