Bulkowski’s Three 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 three 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    D    E    I to M    S    T    U   

 

Image of a bearish abandoned baby candlestick
Abandoned baby, bearish
Theory: Bearish reversal
Actual: Bearish reversal 69% of the time
Frequency rank: 96
Overall performance rank: 64
 Image of a bullish abandoned baby candlestick
Abandoned baby, bullish
Theory: Bullish reversal
Actual: Bullish reversal 70% of the time
Frequency rank: 92
Overall performance rank: 9
 Image of a advance block candle pattern
Advance block
Theory: Bearish reversal
Actual: Bullish continuation 64% of the time
Frequency rank: 65
Overall performance rank: 54
Image of a deliberation candle
Deliberation
Theory: Bearish reversal
Actual: Bullish continuation 77% of the time
Frequency rank: 48
Overall performance rank: 93
 Image of a collapsing doji star candle
Doji star, collapsing
Theory: Bearish reversal
Actual: Bearish reversal 63% of the time
Frequency rank: 101
Overall performance rank: 97
 Image of a downside gap three methods candle
Downside gap three methods
Theory: Bearish continuation
Actual: Bullish reversal 62% of the time
Frequency rank: 84
Overall performance rank: 26
Image of a downside Tasuki gap candle
Downside Tasuki Gap
Theory: Bearish continuation
Actual: Bullish reversal 54% of the time
Frequency rank: 68
Overall performance rank: 23
 Image of an evening doji star candle
Evening doji star
Theory: Bearish reversal
Actual: Bearish reversal 71% of the time
Frequency rank: 81
Overall performance rank: 30
 Image of an evening star candle
Evening star
Theory: Bearish reversal
Actual: Bearish reversal 72% of the time
Frequency rank: 71
Overall performance rank: 4
Image of a identical three crows candle
Identical three crows
Theory: Bearish reversal
Actual: Bearish reversal 79% of the time
Frequency rank: 83
Overall performance rank: 24
 Image of a morning doji star candle
Morning doji star
Theory: Bullish reversal
Actual: Bullish reversal 76% of the time
Frequency rank: 78
Overall performance rank: 25
 Image of a morning star candle
Morning star
Theory: Bullish reversal
Actual: Bullish reversal 78% of the time
Frequency rank: 66
Overall performance rank: 12
Image of a bearish side by side white lines candle
Side by side white lines, bearish
Theory: Bearish continuation
Actual: Bearish continuation 56% of the time
Frequency rank: 86
Overall performance rank: 29
 Image of bullish side by side white lines candle
Side by side white lines, bullish
Theory: Bullish continuation
Actual: Bullish continuation 66% of the time
Frequency rank: 73
Overall performance rank: 46
 Image of a stick sandwich candle
Stick sandwich
Theory: Bullish reversal
Actual: Bearish continuation 62% of the time
Frequency rank: 59
Overall performance rank: 14
Image of a three black crows candle
Three black crows
Theory: Bearish reversal
Actual: Bearish reversal 78% of the time
Frequency rank: 60
Overall performance rank: 3
 Image of a three inside down candle
Three inside down
Theory: Bearish reversal
Actual: Bearish reversal 60% of the time
Frequency rank: 33
Overall performance rank: 56
 Image of a three inside up candle
Three inside up
Theory: Bullish reversal
Actual: Bullish reversal 65% of the time
Frequency rank: 31
Overall performance rank: 20
Image of a three outside down candle
Three outside down
Theory: Bearish reversal
Actual: Bearish reversal 69% of the time
Frequency rank: 21
Overall performance rank: 39
 Image of a three outside up candle
Three outside up
Theory: Bullish reversal
Actual: Bullish reversal 75% of the time
Frequency rank: 24
Overall performance rank: 34
 Image of a three stars in the south candle
Three stars in the south
Theory: Bullish reversal
Actual: Bullish reversal 86% of the time
Frequency rank: 99
Overall performance rank: 103
Image of a three white soldiers
Three white soldiers
Theory: Bullish reversal
Actual: Bullish reversal 82% of the time
Frequency rank: 67
Overall performance rank: 32
 Image of a bearish tri star candle
Tri star, bearish
Theory: Bearish reversal
Actual: Bearish reversal 52% of the time
Frequency rank: 77
Overall performance rank: 76
 Image of a bullish tri star candle
Tri star, bullish
Theory: Bullish reversal
Actual: Bullish reversal 60% of the time
Frequency rank: 79
Overall performance rank: 28
Image of a two crows candle
Two crows
Theory: Bearish reversal
Actual: Bearish reversal 54% of the time
Frequency rank: 64
Overall performance rank: 61
 Image of a unique three river bottom candle
Unique three river bottom
Theory: Bullish reversal
Actual: Bearish continuation 60% of the time
Frequency rank: 89
Overall performance rank: 60
 Image of a upside gap three methods candle
Upside gap three methods
Theory: Bullish continuation
Actual: Bearish reversal 59% of the time
Frequency rank: 85
Overall performance rank: 27
Image of an upside gap two crows candle
Upside gap two crows
Theory: Bearish reversal
Actual: Bullish continuation 60% of the time
Frequency rank: 75
Overall performance rank: 74
 Image of a upside Tasuki gap candle
Upside Tasuki gap
Theory: Bullish continuation
Actual: Bullish continuation 57% of the time
Frequency rank: 74
Overall performance rank: 5

Copyright © 2007-2008 by Thomas N. Bulkowski. All rights reserved. It it ain’t broke, take it apart and fix it.