| 1 |
Double Top |
Neutral or Bearish Candle Patterns at previous Resistance levels |
Weapon of the Bulls is taken out. |
Divergence with BKT, High Volume |
High of Weapon Candle |
Same as Double Top Rules |
| 2 |
Double Bottom |
Neutral or Bullish Candle Patterns at previous Support levels |
Weapon of the Bears is taken out. |
Divergence with BKP, High Volume |
Low of Weapon Candle |
Same as Double Bottom Rules |
| 3 |
Three White Soldiers |
Three White Soldiers and then price dips in the range of 2nd Soldier's High and Low Levels. |
Buying Signals / Bullish Candles |
|
Low of the 1st Candle |
As per Major Resistance or Chart Pattern |
| 4 |
Three Black Crows |
Three Black Crows and then price rallies in the range of 2nd Crow's High & Low Levels |
Selling Signals / Beaish Candles |
|
High of the 1st Candle |
As per Major Support or Chart Pattern |
| 5 |
Bulls Counter Attack |
Price opens below the Major Support levels |
Once Price enters again above the Breakdown levels |
Lower BBC Failed, High Volume |
Low of the Counter attack Candle |
As per Major Resistance or Chart Pattern |
| 6 |
Bear Counter Attack |
Price opens above the Major Resistance levels |
Once Price enters again below the Breakout levels. |
Upper BBC Failed, High Volume |
High of the Counter attack Candle |
As per Major Support or Chart Pattern |
| 7 |
Sandwich Pattern |
Multiple alternate Green & Red candles within ranging price levels |
Once Sandwich pattern Breakout Candle Closes above the previous candle or Breakdown candle closes below the previous candle. |
|
Low of the Sandwich Breakout Candle or High of the Sandwich Breakdown Candle |
Major Resistance for Breakout Candle or Major Support for Breakdown Candle or as per Chart Pattern |
| 8 |
Rounding Bottom |
Multiple Big Red Candles with no strong follow-up, mostly forming Neutral Candle patterns |
Strong Breakout Candle closing above the Sideways range. |
|
Low of the Candles in the range at Bottom. |
As per Major Resistance or Chart Pattern |
| 9 |
Rounding Top |
Multiple Big Green Candles with no strong Follow-up, mostly forming Neutral Candles Patterns |
Strong Breakdown Candle closing below the Sideways range |
|
High of the Candles in the range at Top |
As per Major Support or Chart Pattern |
| 10 |
Genuine BO |
Shakeout at Major Resistance level before actual Breakout Candle |
Once follow-up Candle closes above the Breakout level |
Ungali Setup (DMI) |
Low of the Breakout Candle |
As per Major Resistance or Chart Pattern |
| 11 |
Genuine BD |
Shakeout at Major Support level before actual Breakdown Candle |
Once follow-up Candle closes above the Breakdown level |
Ungali Setup (DMI) |
High of the Breakdown Candle |
As per Major Support or Chart Pattern |
| 12 |
Fake BO |
Generally there is no Shakeout before Breakout, Price again enters below the Breakout level with Bearish Candles |
Once the follow-up Candle closes below the Breakout Candle |
Divergence with BKT, High Volume |
High of the Breakout Candle |
As per Major Support or Chart Pattern |
| 13 |
Fake BD |
Generally there is no Shakeout before Breakdown, price again enters above the Breakdown level with Bullish Candles |
Once the follow-up Candle closes above the Breakdown Candle |
Divergence with BKP, High Volume |
Low of the Breakdown Candle |
As per Major Resistance or Chart Pattern |
| 14 |
Gap Up |
Price opens directly above the Major Resistance levels & sustains the Gap |
Once can enter after follow-up Candle |
Ungali Setup (DMI) |
Low of the Breakout Candle or below Gap up level |
As per Major Resistance or Chart Pattern |
| 15 |
Gap Down |
Price opens directly below the Major Support levels & sustains the Gap |
Once can enter after follow-up Candle |
Ungali Setup (DMI) |
High of the Breakdown Candle or above Gap down level |
As per Major Support or Chart Pattern |
| 16 |
Mother Candle (Bullish Reversal) |
Mother Candle found at Major Support |
Candle that Breaksout the Mother Candle |
BKP at Major Support |
Low of Mother Candle |
As per Major Resistance or Chart Pattern |
| 17 |
Mother Candle (Bearish Reversal) |
Mother Candle found at Major Resistance |
Candle that Breaksdown the Mother Candle |
BKT at Major Resistance |
High of Mother Candle |
As per Major Support or Chart Pattern |
| 18 |
Mother Candle (Continuation) - Bullish |
Mother Candle found in between the Bullish trend |
1. Bullish Continuation- Candle that Breaks out the Mother Candle |
|
1. Bullish Trade - Low of Mother Candle |
As per Major Support / Resistance or Chart Pattern. |
| 19 |
Mother Candle (Continuation) - Bearish |
Mother Candle found in between the Bearish trend |
2. Bearish Continuation- Candle that Breaks down the Mother Candle |
|
2. Bearish Trade - High of Mother Candle. |
As per Major Support / Resistance or Chart Pattern. |