BeForex

Dark Cloud Cover
This is a bearish pattern. The pattern is more significant if the second candle’s body is below the center of the previous candle’s body.




Bearish Engulfing Lines
This pattern is strongly bearish if it occurs after a significant uptrend (it may serve as a reversal pattern). It occurs when a small bullish (empty) candle is engulfed by a large bearish (filled-in) candle.




Evening Star
This is a bearish pattern signifying a potential top. The star indicates a possible reversal and the bearish (filled-in) candle confirms this.




Doji Star
This star indicates a reversal and a doji indicates indecision. Thus, this pattern usually indicates a reversal following an indecisive period. One should wait for a confirmation (like a evening star) before trading a doji star.




Shooting Star
This pattern suggests a minor reversal when it appears after a rally. The star’s body must appear near the low price, and the candle should have a long upper wick.