With help of a computer program the author analyses 4.7 million samples (charts) of a very big database.
attention, mr. Thomas N. Bulkowski did not analyses forex only.
Best performing candlestick pattern have been as follwed:
"The following list shows candle patterns ranked by performance in bull and
bear markets over one, three, five, and ten days after the candle ends. I summed the performance results (after multiplying downward breakout results by –1) and sorted them. The number after the candle is the performance sum. The theory behind the list is that the best-performing candle patterns will post good numbers in bull and bear markets and over time.
1. Three-line strike, bearish: 67.38%
2. Three-line strike, bullish: 65.23%
3. Three black crows: 59.83%
4. Evening star: 55.85%
5. Upside Tasuki gap: 54.44%
6. Hammer, inverted: 51.73%
7. Matching low: 50.00%
8. Abandoned baby, bullish: 49.73%
9. Two black gapping candles: 49.64%
10. Breakaway, bearish: 49.24%
11. Morning star: 49.05%
12. Piercing: 48.37%
13. Stick sandwich: 48.20%
14. Thrusting: 48.10%
15. Meeting lines, bearish: 48.07%"
attention, mr. Thomas N. Bulkowski did not analyses forex only.
Best performing candlestick pattern have been as follwed:
"The following list shows candle patterns ranked by performance in bull and
bear markets over one, three, five, and ten days after the candle ends. I summed the performance results (after multiplying downward breakout results by –1) and sorted them. The number after the candle is the performance sum. The theory behind the list is that the best-performing candle patterns will post good numbers in bull and bear markets and over time.
1. Three-line strike, bearish: 67.38%
2. Three-line strike, bullish: 65.23%
3. Three black crows: 59.83%
4. Evening star: 55.85%
5. Upside Tasuki gap: 54.44%
6. Hammer, inverted: 51.73%
7. Matching low: 50.00%
8. Abandoned baby, bullish: 49.73%
9. Two black gapping candles: 49.64%
10. Breakaway, bearish: 49.24%
11. Morning star: 49.05%
12. Piercing: 48.37%
13. Stick sandwich: 48.20%
14. Thrusting: 48.10%
15. Meeting lines, bearish: 48.07%"