#看懂K线

Stock Price Behavior Analysis Course

Lesson 5: Multiple Candlestick Patterns and Price Signals (Part 1)

In the previous lesson, we learned about single candlesticks. Now let's look at combinations of multiple candlesticks, as this allows us to more accurately judge market trends, since market sentiment often manifests over a series of consecutive candlesticks. Today, we will first learn three common multi-candlestick patterns.

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1. Engulfing Pattern

• Bullish Engulfing:

The second bullish candlestick completely engulfs the previous bearish candlestick (including body and shadow), usually occurring in a downtrend, indicating strong buying pressure and a potential reversal.

• Bearish Engulfing:

The second bearish candlestick engulfs the previous bullish candlestick, often appearing at the end of an uptrend, signaling that selling pressure is returning and a potential downturn may begin.

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2. Morning Star and Evening Star

• Morning Star: A sequence of three candlesticks, starting with a long bearish candlestick, followed by a doji or short candlestick (indicating hesitation), and concluding with a strong bullish candlestick. Commonly found at bottoms, indicating a potential upward reversal.

• Evening Star: The opposite of the Morning Star, appearing at a high point, suggesting that the trend will reverse downward.

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3. Piercing Line and Dark Cloud Cover

• A combination of two candlesticks. The first candlestick is a long bearish or bullish one, and the second is in the opposite direction with its body penetrating more than 50% into the first.

• Indicates a strong intent to reverse, but not to the extent of engulfing, still holds reference value.