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Candlesticks

The document defines various candlestick patterns including their nature (reversal, continuation, cautionary), the number of candles they consist of (single, double, triple), whether they appear at tops or bottoms, and their failure/trigger conditions. The patterns include spinning top, marubozu, doji, hammer, hanging man, shooting star, piercing pattern, engulfing patterns, harami, tweezer tops/bottoms, evening/morning stars, and three inside/outside patterns. Conditions for each pattern to fail or be triggered such as closing above or below subsequent candle highs/lows are also provided.

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Edy Karamazof
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279 views4 pages

Candlesticks

The document defines various candlestick patterns including their nature (reversal, continuation, cautionary), the number of candles they consist of (single, double, triple), whether they appear at tops or bottoms, and their failure/trigger conditions. The patterns include spinning top, marubozu, doji, hammer, hanging man, shooting star, piercing pattern, engulfing patterns, harami, tweezer tops/bottoms, evening/morning stars, and three inside/outside patterns. Conditions for each pattern to fail or be triggered such as closing above or below subsequent candle highs/lows are also provided.

Uploaded by

Edy Karamazof
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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of Candles

Name

Nature of Pattern

How it Looks Like

Conditions Close above or below the high / low of the pattern

Trigger

Failing Conditions

Spinning Top / Cautionary Single Bottom (Indecision)

None

Single

Marubozu

Continuation

None

Close beyond the opposite extreme (high of black or low of white)

Single

Doji

Cautionary (Indecision)

Close above or below the high/low of the pattern

None

Hammer Reversal (also could be a (appears on Single Doji) bottoms)

Bullish

Close above Close below the high of the low of the the pattern pattern

Hanging Man Reversal (also could be a (appears on Single Doji) tops)

Bearish

Close above Close above the low of the high of the the pattern pattern

Inverted Bullish Hammer Reversal Single (also could be a (appears on Doji) bottoms)

Close above Close below the high of the low of the the pattern pattern

Bearish Shooting Star (also could be a Reversal Single (appears on Doji) tops)

Close above Close above the low of the high of the the pattern pattern

Dark Cloud Cover Bearish (Bearish Reversal Double counterattack (appears on is a weaker tops) variation)

Close below Close above the low of the high of the the pattern pattern

Piercing Bullish Pattern (Bullish Reversal Double counterattack (appears on is a weaker bottoms) variation)

Close above Close below the high of the low of the the pattern pattern

Double

Bearish

Reversal Engulfing (appears on tops)

Bearish

Close below Close above the low of the high of the the pattern pattern

Double

Bullish

Reversal Engulfing (appears on bottoms)

Bullish

Close above Close below the high of the low of the the pattern pattern

Reversal Last Engulfing Double (appears on Top bottoms)

Bullish

Close above Close below the high of the low of the the pattern pattern

Reversal Last Engulfing Double (appears on Bottom tops)

Bearish

Close below Close above the low of the high of the the pattern pattern

Harami (or Harami Cautionary cross, if Double (indecision) Small candle is Doji)

Close above or below the high/low of the pattern

None

Weaker Double Tweezer Top Reversal (appears on tops)


Bearish

Close below Close above the low of the high of the the pattern pattern

Double

Tweezer Bottom

Weaker Bullish Reversal (appears on bottoms)

Close above Close below the high of the low of the the pattern pattern

Bearish Evening Star Reversal (second candle Triple could be a Doji) (appears on tops)

Close below Close above the low of the high of the the pattern pattern

Bullish Morning Star Reversal (second candle Triple could be a Doji) (appears on bottoms)

Close above Close below the high of the low of the the pattern pattern

Three White Bullish Soldiers Reversal Triple (Three identical (appears on Soldiers) bottoms)

None

Close below the low of the pattern

Triple

Three Black Crows (Three Identical Crows)

Reversal (appears on tops)

Bearish

None

Close above the high of the pattern

Reversal Triple Three Inside Up (appears on bottoms)

Bullish

None

Close below the low of the pattern

Triple

Three Inside Down

Reversal (appears on tops)

Bearish

None

Close above the high of the pattern

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