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Dow Jones chart patterns
We ran 60 candlestick patterns, chart patterns and indicator signals over Dow Jones (daily candles from January 2015 and hourly candles from October 2024) and counted 3,392 cases. Here is how often each one reached its target before its stop.
Best on Dow Jones: bearish harami (57% of 23), bullish harami (55% of 22), inverted hammer (50% of 20). Weakest: atr expansion down (25% of 20), hammer (28% of 32), bearish marubozu (30% of 66). Most patterns hit the stop more often than the target: that is why the app teaches context and risk, not single signals.
Buy and sell setups, ranked
| Pattern | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bearish harami | 23 | 57% | 39% | 4% |
| Bullish harami | 22 | 55% | 45% | 0% |
| Inverted hammer | 20 | 50% | 50% | 0% |
| EMA 9/21 bullish cross | 115 | 50% | 44% | 6% |
| Bullish marubozu | 70 | 49% | 49% | 3% |
| EMA 9/21 bearish cross | 115 | 47% | 52% | 1% |
| RSI oversold bounce | 72 | 44% | 56% | 0% |
| Tweezer top | 27 | 44% | 56% | 0% |
| Bollinger breakout down | 27 | 44% | 48% | 7% |
| Bearish engulfing | 48 | 42% | 56% | 2% |
| Fibonacci bounce up | 36 | 42% | 53% | 6% |
| Gap up | 106 | 41% | 49% | 10% |
| MACD bullish cross | 119 | 40% | 55% | 5% |
| RSI overbought drop | 110 | 39% | 58% | 3% |
| MACD bearish cross | 175 | 39% | 60% | 1% |
| Volume profile rejection | 96 | 39% | 57% | 4% |
| Shooting star | 21 | 38% | 62% | 0% |
| Stochastic bearish cross | 365 | 38% | 60% | 2% |
| Stochastic bullish cross | 227 | 37% | 60% | 3% |
| Volume profile bounce | 107 | 37% | 56% | 7% |
| Hanging man | 30 | 37% | 63% | 0% |
| Tweezer bottom | 25 | 36% | 64% | 0% |
| Bullish engulfing | 37 | 35% | 65% | 0% |
| Bollinger breakout up | 32 | 34% | 56% | 9% |
| Fibonacci bounce down | 35 | 34% | 63% | 3% |
| Gap down | 88 | 32% | 66% | 2% |
| Bearish marubozu | 66 | 30% | 68% | 2% |
| Hammer | 32 | 28% | 69% | 3% |
| ATR expansion down | 20 | 25% | 75% | 0% |
Neutral patterns
| Pattern | Found | Broke up | Broke down | Stayed inside |
|---|---|---|---|---|
| Inside bar | 595 | 55% | 44% | 1% |
| Doji | 171 | 55% | 44% | 1% |
| Spinning top | 157 | 52% | 48% | 0% |
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
Learn to read Dow Jones charts
- United States: stocks, ETFs and extended hoursUS stocks trade mainly from 9:30 to 4:00 New York time, with thinner trading before and after.
- What one candle tells youEvery candle shows four prices: where it started, its highest, its lowest and where it finished.
- Bodies and wicks: the tug of warA big body means one side won; a long wick means a push that got pushed back.
- The hammerA hammer after a fall shows sellers pushed hard but buyers pushed the price back up.
- Rule one: stay in the gameLose half your money and you must double what is left just to get back to the start.
- The stop-loss: decide your exit firstA stop-loss is the price where your idea is wrong, and you choose it before you enter.
More US stock market charts
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Questions
Which pattern worked best on Dow Jones?
In our count the bearish harami reached its target first most often on Dow Jones: 57% of 23 cases. No pattern works every time; past odds are not a forecast.
Which candlestick pattern works best on Dow Jones?
The bearish harami: target first 57% of 23 times on Dow Jones.
How were these numbers counted?
Every case enters at the signal candle's close with a target 1.5 × ATR(14) away and a stop 1 × ATR(14) away, and gets 12 candles to reach one of them. Only clean stretches of real sessions are used.