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Indicators
Examples and interpretation of many commonly used indicators.

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Custom explorations, indicators and trading systems.

Price Charts
Examples and interpretation of all charts used in technical analysis.

Candlestick - Interpretations

Bullish Patterns
  

	Long White Line: This is a bullish line. It occurs when prices near the low and close significantly higher near the period's high.
	Hammer: This is a bullish line if it occurs after a significant downtrend. If the line occurs after a significant up-trend, it is called a Hanging Man. A Hammer is identified by a small real body (i.e. a small range between the open and closing prices) and a long lower shadow (i.e. the low is significantly lower than the open, high, and close). The body can be empty or filled-in.
	Piercing Line: This is a bullish pattern and the opposite of a dark cloud cover. The first line is a long black line and the second line is a long white line. The second line opens lower than the first line's low, but it closes more than halfway above the first line's real body.
	Bullish Engulfing Lines: This pattern is strongly bullish if it occurs after a significant downtrend (i.e. it acts as a reversal pattern). It occurs when a small bearish (filled-in) line is engulfed by a large bullish (empty) line.
	Morning Star: This is a bullish pattern signifying a potential bottom. The "star" indicates a possible reversal and the bullish (empty) line confirms this. The star can be empty or filled-in.
	Bullish Doji Star: A "star" indicates a reversal and a doji indicates indecision. Thus, this pattern usually indicates a reversal following an indecisive period. You should wait for a confirmation (e.g. as in the morning star, above) before trading a doji star. The first line can be empty or filled in.

Bearish Patterns
  

	Long Black (Filled-in) Line: This is a bearish line. It occurs when prices open near the high and close significantly lower near the period's low.
	Hanging Man: These lines are bearish if they occur after a significant uptrend. If this pattern occurs after a significant downtrend, it is called a Hammer. They are identified by small real bodies (i.e. a small range between the open and closing prices) and a long lower shadow (i.e. the low was significantly lower than the open, high, and close). The bodies can be empty or filled-in.
	Dark Cloud Cover: This is a bearish pattern. The pattern is more significant if the second line's body is below the center of the previous line's body (as illustrated).
	Bearish Engulfing Lines: This pattern is strongly bearish if it occurs after a significant up-trend (i.e. it acts as a reversal pattern). It occurs when a small bullish (empty) line is engulfed by a large bearish (filled-in) line.
	Evening Star: This is a bearish pattern signifying a potential top. The "star" indicates a possible reversal and the bearish (filled-in) line confirms this. The star can be empty or filled-in.
	Doji Star: A star indicates a reversal and a doji indicates indecision. Thus, this pattern usually indicates a reversal following an indecisive period. You should wait for a confirmation (e.g. as in the evening star illustration) 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 line should have a long upper shadow.
	Long-Legged Doji: This line often signifies a turning point. It occurs when the open and close are the same, and the range between the high and low is relatively large.
	Dragon-Fly Doji: This line also signifies a turning point. It occurs when the open and close are the same, and the low is significantly lower than the open, high, and closing prices.
	Gravestone Doji: This line also signifies a turning point. It occurs when the open, close, and low are the same, and the high is significantly higher than the open, low, and closing prices.
	Star: Stars indicate reversals. A star is a line with a small real body that occurs after a line with a much larger real body, where the real bodies do not overlap. The shadows may overlap.