100%(1)100% found this document useful (1 vote) 812 views45 pagesCandlestick Pattern1
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INCLUDES CANDLESTICK + BREAKOUT PATTERN'SDISCLAIMER
THE INFORMATION PROVIDED IN THIS BOOK IS FOR
EDUCATIONAL PURPOSES ONLY. IT IS NOT INTENDED
TO BE A SOURCE OF FINANCIAL OR LEGAL ADVICE.
MAKING ADJUSTMENTS TO A FINANCIAL STRATEGY
OR PLAN SHOULD ONLY BE UNDERTAKEN AFTER
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INVESTMENT ADVISOR."WE DON'T HAVE
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THAN THE REST,
WE JUST HAVE TO
BE MORE
DISCIPLINED THAN
THE REST"
-warren buffet
© AKASH KUNDUR, 2022
ALL RIGHT RESERVED. NO PART OF THIS PUBLICATION MAY BE
Nene man DISTRIBUTED, OR TRANSMITTED IN ANY FORM OR BY ANY
erie eee WRITTEN PERMISSION OF THE PUBLISHER,
eveidaaree OF BRIEF QUOTATIONS EMBODIED IN CRITICAL
RTAIN OTHER NONCOMMERCIAL USES PERMITTED BY
COPYRIGHT LAW.LET'S LEARN ABOUT
CANDLESTICK
PATTERNSHIGH HIGH
SHADOW
OPEN PRICE CLOSE PRICE “
CLOSE PRICE OPEN PRICE
Low Low
WHAT IS CANDLESTICK ?
Candlestick shows current mood of market.
green candle represent strength / buying &
red candle represent weakness / selling
rectangle part is called as body & thin line
passing through body is called as shadow or
wick, upper shadow shows the high price and
lower shadow shows low price live during
session.
PDF by Cool tradersCANDLESTICK Aricta’?
CANDLESTICK MARKET ®I 4s Geert @, Gel C-
ANDLE arieta Aatt site TIT CANDLE HricTa Act
@t Gea. RECTANGLE PART 1 Gist Ben B ate
Une mga Sea A até 5a SHADOW Ben 8.
SHADOW HIGH aie LOW at Sat Bt Guan B site
aia OPEN siz CLOSE SI Gee...
PDF by Cool ihaclits‘or = REALBODY
LOWER
HAMMER CANDLE
Hammer is single candlestick pattern which
occurs at the end of the downtrend & indicates
bullish reversal. the body of candle situated at
top side with lower shadow which should be
double than the body size. this candle has little
or no upper shadow.Tr
HAMMER CANDLE
HAMMER PATTERN Hat & S1¢ BOTTOM 4 ear
8, serét BODY Bict ett afte LOWER SHADOW
aret sat ect @ & ue sets & ares wT aim 2
gercie SA HAMMER Sen 8, a gota & are a
Been faci 8 Ht ate STOCK Bue aT Aer é.
PDF by Cool tradersmo
“Ir
HAMMER CANDLESTICK IN
LIVE CHARTioema sHoun ve
PREVIOUS CANOLS
PIERCING PATTERN
Piercing pattern is a two candlestick chart
pattern which occurs at downtrend indicates
bullish reversal. first candle is bearish then
Second candle open as gap down but closes
above 50% of previous candle which simply
means bull market is starting.PIERCING PATTERN
PATTERN @Y CANDLES ot fete sort 8 2 Het &
ge BOTTOM # ware B, UCT CANDLE caret afer
BEARISH @lril 8 Site GerET Gel CANDLE GAP DOWN
aiUot Ble @ aie feaey CANDLE & BODY} 40 %
DUE aM CLOSE BMT 8, Sea ag BU aot ATCT
8 tar aien femme.aa lly
ell bas,
& Hetty,
Downtrend
f
a] Jf
I AP hed
we
PIERCING PATTERN IN LIVE
CHART| .
ENGI
fl -
BULLISH ENGULFIN”
Bullish Engulfing pattern is a two candlestick
chart pattern which occurs at downtrend.
which signals bullish reversal second candle
completely engulfing first candle engulfing
means covering previous candle second candle
is green candle which shows bullish sign.BULLISH ENGULFING PATTERN
3 PATTERN BY CANDLES & fetcies Sore 8 a act &
1g BOTTOM & Soir 8, WECM CANDLE CITT afer
BEARISH élaT Geel CANDLE Get Zito BULLISH
For @ site ay UEct act Bl Yet Ge Sr S srtan
OST BAT B, SAH GG HT STOCK BUS arate
Can aor fem,
PDF by Cool tradershit"
BULLISH ENGULFING IN LIVE
CHARTTHE MORNING STAR
The morning star pattern is a multiple
candlestick chart pattern which occurs at
downtrend, which indicates bullish reversal.
its made of three candle first is bearish,
second is doji means neautral market & third
bullish candle which shows market is ready to
go upward.THE MORNING STAR
3 PATTERN clat CANDLES @1 feet Sora 8 a aal
® O1é BOTTOM A Sain &, UCT CANDLE SST CCT
arfar aat Bat 8 EET CANDLE DOJ! & NEUTRAL
HUM SATS Site Alea Ge ater Att Br Fear ®,
& dhan a aa STOCK Sue ot Her B UA Bea
fra.
PDF by Cool tradersa Morning Star
" Na .
MORNING STAR IN LIVE
CHART1
it
THREE WHITE SOLDIERS
Three white soldiers pattern is a multiple
candlestick chart pattern which occurs at
downtrend, which indicates bullish reversal.
its made of three bullish candles. they dont
have long shadow’. every next candle open's
Within the previous candle's body.AAT
THREE WHITE SOLDIERS
2 PATTERN rflat CANDLES @Y fret Sort Bl site
& Aat® ae BOTTOM F aor @, etait CANDLE
aS site GREEN aia @ fara SHADOWS atel eet
a fie BH Breit B, Be oe CANDLE feresct CANDLE
& RANGE # &t 9m tet B site sue ae CLOSE
amt @, & at or ator Sor seer acta 3
STOCK SUL TT ABATE,
PDF by Cool traders
sBULLISH HARAMI
The bullish harami pattern is a two candlestick
chart pattern which occurs at down trend,
which indicates bullish reversal. it consist two
candle first candle is big red candle and then
second is bullish small candle within the range
of previous candle's body. first candle shows
bearish trend second green candle shows
Starting of bullish trend.BULLISH HARAMI
3 PATTERN ST CANDLE @ fei Sarr B site Act
ag BOTTOM A Sain &, Uect CANDLE SST CiIct
Birt 8 Se GET BIcT ETS GREEN Bers H We
Gee CANDLE Uect CANDLE @ RANGE & iad
pe HG STOCK SUS Het Gre & VET Gea1 1 i
BULLISH HARAMI IN LIVE
CHARTL/
INVERTED HAMMER
Inverted hammer pattern occur at end of
downtrend, which indicates bullish reversal. in
this candle body situated at end / lower side
with big upper shadow, it is inverse of hammer
pattern. shadow should be double thanthe
body of candle.
PDF by Cool traderswie
INVERTED HAMMER
2 arc CANDLE BAT @ att SerCT GANST atey GHA
8 serat BODY eatct Bleit @ aie HIGHER SHADOW
oat ah, Yat are Boro A ware ste
Ber Gelb Bt STOCK BT Hg BUS I Ao b.a®
INVERTED HAMMER IN LIVE
CHARTaN
HANGING MAN PATTERN
Hanging man pattern forms at the end of
uptrend, which indicates bearish reversal.
body of candle is located at upside and it has
long lower shadow which should be doubled
the size of body. this candle has no or small
upper shadow it indicates simply market ma
fal after this, this look like hanging man *"°
why it called hanging man pattern.HANGING MAN PATTERN
3 Haret CANDLE eta 2 ait HAMMER Stet GH e
UZAUPTREND > SS TOPA Tae sete se
HANGING MAN wea 2. sert BoDy wrt airtt 2
ait LOWER SHADOW Set ett B, & Aatt & ae
TOP # Gorn B she a eds Sars H ae STOCKH
ana ford a er,
PDF by Cool tradersHANGING MAN IN LIVE
CHARTSECOND CANDLE
ENGULFING THE FIRST
CANDLE
BEARISH ENGULFING
Bearish engulfing pattern is two candlestick
pattern which occurs at the end of uptrend,
which indicates bearish reversal. it formed by
two candle first is green candle second is
bearish red candle which engulfing first candle
means covering green candle with red candle
which means bears are more active & bear
marketis coming up.BEARISH ENGULFING PATTERN
2 PATTERN I CANDLES @T fiers Sarl @ al a
UPTREND ® arg TOP # sar 2. user Ber ante
BULLISH CANDLE afte eter TIC Zfet BEARISH
CANDLE site TET CANDLE ftrea@tareft eet CANDLE
I Opt mel B ao Sar? anh ued art a ant
OSI BIT, Bae Gee eH aya a
soo Berend a ae
PDF by Cool traderstty,
BEARISH ENGULFING IN LIVE
CHART‘ *
An
THE EVENING STAR
The eveing star is multiple candlestick pattern
which occurs at the end of uptrend, which
indicates bearish reversal. made up of three
candle first bullish, second candle is doji means
neutral and third is red bearish candle which
signals starting of bearish trend. second
candle should be completely out of real bodies
of first & third candle.THE EVENING STAR |
2 PATTERN 7flot CANDLES ar feteraee ware 31 site |
@ UPTREND & ag Top ¥ aor @, UBcTT CANDLE
Bel afer BULLISH Geet DOul emf NEUTRAL ste
rfoer cit anf BEARISH atat ®, ze 3 goon?
&t ara STOCK ford fore exer 3)
PDF by Cool tradersa8,
THE EVENING STAR IN LIVE
CHARTi
/ ai
THREE BLACK CROWS
The three black crows is multiple candlestick
pattern which occurs at the end of uptrend,
which indicates bearish reversal. it consist
three red candle which do not have long
| shadows. all three candle opens within the
previous candle's body.Abt
THREE BLACK CROWS
3 PATTERN rial CANDLES @ FACTS Torr B site
3 UPTREAND Ss Se TOP # Sori @, ritoit CANDLE
Tilet fer BEARISH eta @ Saret SHADOWS Brel
erat an fibe oat atc Ge ae CANDLE UeCt ae |
% BODY & RANGE AZ aauime
weston Bafveens vet
PDF by Cool trader:BEARISH HARAMI
Bearish harami is multiple candlestick pattern
which occurs after uptrend, it indicates
bearish reversal. it consist two candle first
candle is bullish big candle & second candle is
small bearish candle which forms within the
range of previous bullish candle. it shows
market may fall now.BEARISH HARAMI
3 PATTERN @ CANDLES a ffieree Sota @ site a
UPTREND ® sig TOP & scint 8, Use CANDLE ger
arfot BULLISH Btn & afte Geter Ter arfor BEARISH
Bin @, geret CANDLE ect CANDLE & eter Biel @
aie Uset act & atdt & Sa sige A OPEN aie
CLOSE elm @, & Geen @ & ate STOCK Ra Area
aren,/ \
SHOOTING STAR PATTERN
Shooting star occurs at the end of uptrend,
which indicates bearish reversal signal. in this
pattern body is located at lower side and there
is long upper shadow. it is inverse of the
hanging man candlestick pattern. it is formed
when opening & closing price near to each
other.
PDF by Cool tradersSHOOTING STAR PATTERN
3} PATTERN INVERTED HAMMER Stet GHEAT 6 Tea
UPTREND ® ag TOP # sami @, safe sa
SHOOTING STAR went 8 waite 2 gent we ae
fan ate & cetat 8 & ate stock fa fir
Home.DOuJI PATTERN
Doji pattern is candlestick pattern of sideways
/ indecision occurs when opening & closing
prices are almost equal. it happens when both
the buyers and sellers are fighting but no one
wins to take market one side. it has very small
body with long shadow.°
Buyer Seller
DOJ! PATTERN
3a PATTERN Bt NEUTRAL Bel allel €, AACS el
3 CANDLE BULLISH @ ait amét BEARISH 2, Sera
ardt wich Birt 8 site SHADOWS ortht get etrtt @.
PDF by Cool tradersTRADING PSYCHOLOGY
TIPS
1 AVOID FOMO
(FEAR OF MISSING OUT)
YOU SHOULD NOT TRY TO CATCH EVERY TRADE, YOUR GOAL
AS A TRADER IS NOT TO CATCH EVERY TRADE BUT TO FOCUS
ON THE QUALITY TRADES WHERE THE RISK REWARD RATIO IS
IN YOUR FAVOUR. DAY TRADER DOSEN'T MEANS YOU HAVE TO
TRADE EVERY DAY, IF THERE IS NO BREAKOUT / SIGNAL THEN
RELAX.
2 MOVE ON FROM BAD DAYS
EVERY TRADER HAS BAD DAYS WEEKS AND MONTHS.
ACCEPT IT, MOVE ON AND PREPARE FOR NEXT TRADE
SUCCESSFUL TRADERS OVERCOME ADVERSITY,TRADING PSYCHOLOGY
TIPS
3 DONT CARRY YESTERDAYS BAGGAGE
EVERY DAY START WITH FRESH EMPTY MIND WITH CLEAN
SLATE, DONT LET ONE TRADE INFLUENCE ANOTHER TRADE
APPROACH EVERY TRADE AS IF IT'S THE START OF THE DAY
4 DONT DO OVER-TRADING
ARE YOU CONTROLLING YOUR TRADING OR TRADING
TERMINAL IS CONTROLLING YOU.
vere. CAN BE ADDICTING AND ITS EASY TO STUCKED INTO
RESSFUL TRADES, FOCUS ON WORK LIFE BALANCE & MAKE
SURE YOU ARE BUILDING SUSTAINABLE HABITS.