Hammer is a single candlestick pattern that is formed at the end of a
downtrend and signals a bullish reversal.
The real body of this candle is small and is located at the top with a lower
shadow which should be more than twice the real body. This candlestick
chart pattern has no or little upper shadow.
Piercing pattern is a multiple candlestick chart pattern formed after a
downtrend indicating a bullish reversal.
Two candles form it, the first candle being a bearish candle which indicates
the continuation of the downtrend.
The second candle is a bullish candle which opens the gap down but closes
more than 50% of the real body of the previous candle, which shows that
the bulls are back in the market and a bullish reversal is going to take
place.
Bullish Engulfing is a multiple candlestick chart pattern that is formed after a downtrend indicating a
bullish reversal.
It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is
a bearish candle that indicates the continuation of the downtrend.
The second candlestick is a long bullish candle that completely engulfs the first candle and shows
that the bulls are back in the market.
The Morning Star is a multiple candlestick chart pattern that is formed after a downtrend indicating
a bullish reversal.
It is made of 3 candlesticks, the first being a bearish candle, the second a Doji and the third being a
bullish candle.
The first candle shows the continuation of the downtrend. The second candle being a doji indicates
indecision in the market. The third bullish candle shows that the bulls are back in the market and
reversal will take place.
The second candle should be completely out of the real bodies of the first and third candles.
The Three White Soldiers is a multiple candlestick pattern that is formed after a downtrend
indicating a bullish reversal.
These candlestick charts are made of three long bullish bodies which do not have long shadows and
are open within the real body of the previous candle in the pattern.
he White Marubozu is a single candlestick pattern that is formed after a
downtrend indicating a bullish reversal.
This candlestick has a long bullish body with no upper or lower shadows,
which shows that the bulls are exerting buying pressure, and the markets
may turn bullish.
The Three Inside Up is a multiple candlestick pattern formed after a
downtrend indicating bullish reversal.
It consists of three candlesticks, the first being a long bearish candle, the
second candlestick being a small bullish candle which should be in the range
the first candlestick.
The third candlestick should be a long bullish candlestick confirming the
bullish reversal.
The Bullish Harami is multiple candlestick chart pattern which is formed after
a downtrend indicating bullish reversal.
It consists of two candlestick charts, the first candlestick being a tall bearish
candle and second being a small bullish candle which should be in the range
of the first candlestick.
The first bearish candle shows the continuation of the bearish trend and the
second candle shows that the bulls are back in the market.
The Tweezer Bottom candlestick pattern is a bullish reversal candlestick
pattern that is formed at the end of the downtrend.
It consists of two candlesticks, the first one being bearish and the second
one being bullish candlestick.
Both the candlesticks make almost or the same low.When the Tweezer
Bottom candlestick pattern is formed the prior trend is a downtrend.
An Inverted Hammer is formed at the end of the downtrend and gives a bullish reversal signal.
In this candlestick, the real body is located at the end, and there is a long upper shadow. It is the
inverse of the Hammer Candlestick pattern.
This pattern is formed when the opening and closing prices are near to each other, and the upper
shadow should be more than twice the real body.
Inverted Hammer Candlestick Pattern
The Three Outside Up is multiple candlestick pattern which is formed after a
downtrend indicating bullish reversal.
It consists of three candlesticks, the first being a short bearish candle, the
second candlestick being a large bullish candle which should cover the first
candlestick.
The third candlestick should be a long bullish candlestick confirming the
bullish reversal.
The on neck pattern occurs after a downtrend when a long real bodied
bearish candle is followed by a smaller real bodied bullish candle which gaps
down on the open but then closes near the prior candle’s close.
The pattern is called a neckline because the two closing prices are the
same or almost the same across the two candles, forming a horizontal
neckline.
Hanging Man is a single candlestick pattern that is formed at the end of an
uptrend and signals a bearish reversal.
The real body of this candle is small and is located at the top with a lower
shadow which should be more than twice the real body. This candlestick
pattern has no or little upper shadow.
Dark Cloud Cover is a multiple candlestick pattern formed after the uptrend
indicating a bearish reversal.
It is formed by two candles, the first candle being a bullish candle which
indicates the continuation of the uptrend.
The second candle is a bearish candle which opens the gap up but closes
more than 50% of the real body of the previous candle, which shows that
the bears are back in the market and a bearish reversal is going to take
place.
Bearish Engulfing is a multiple candlestick pattern that is formed after an
uptrend indicating a bearish reversal.
It is formed by two candles, the second candlestick engulfing the first
candlestick. The first candle being a bullish candle indicates the continuation
of the uptrend.
The second candlestick chart is a long bearish candle that completely
engulfs the first candle and shows that the bears are back in the market.
The Evening Star is a multiple candlestick pattern that is formed after the
uptrend indicating a bearish reversal.
It is made of 3 candlesticks, the first being a bullish candle, the second a
doji, and the third being a bearish candle.
The first candle shows the continuation of the uptrend, the second candle
being a doji indicates indecision in the market, and the third bearish candle
shows that the bears are back in the market and reversal is going to take
place.
The second candle should be completely out of the real bodies of the first
and third candles.
The Three Black Crows is a multiple candlestick pattern that is formed after
an uptrend indicating a bearish reversal.
These candlesticks are made of three long bearish bodies that do not have
long shadows and open within the real body of the previous candle in the
pattern.
Three Black Crows Multiple Candlestick Pattern
The Black Marubozu is a single candlestick pattern which is formed after an
uptrend indicating bearish reversal.
This candlestick chart has a long bearish body with no upper or lower
shadows which shows that the bears are exerting selling pressure and the
markets may turn bearish.
At the formation of this candle, the buyers should be caution and close their
buying position.
The Three Inside Down is a multiple candlestick pattern that is formed after
an uptrend indicating a bearish reversal.
It consists of three candlesticks, the first being a long bullish candle, the
second candlestick being a small bearish, which should be in the range of
the first candlestick.
The third candlestick chart should be a long bearish candlestick confirming
the bearish reversal.
The relationship of the first and second candlestick should be of the bearish
Harami candlestick pattern.
The Bearish Harami is a multiple candlestick pattern formed after the uptrend
indicating bearish reversal.
It consists of two candlesticks, the first candlestick being a tall bullish
candle and second being a small bearish candle which should be in the
range of the first candlestick chart.
The first bullish candle shows the continuation of the bullish trend and the
second candle shows that the bears are back in the market.
Shooting Star is formed at the end of the uptrend and gives a bearish
reversal signal.
In this candlestick chart, the real body is located at the end, and there is a
long upper shadow. It is the inverse of the Hanging Man Candlestick pattern.
The Tweezer Top pattern is a bearish reversal candlestick pattern that is
formed at the end of an uptrend.
It consists of two candlesticks, the first one being bullish and the second
one being bearish candlestick. Both the tweezer candlesticks are almost or
the same height.When the Tweezer Top candlestick pattern is formed, the
prior trend is an uptrend. A bullish candlestick is formed, which looks like
the continuation of the ongoing uptrend.
On the next day, the high of the second day’s bearish candle’s high
indicates a resistance level. Bulls seem to raise the price upward, but now
they are not willing to buy at higher prices.
The Three Outside Down is a multiple candlestick pattern formed after an
uptrend indicating bearish reversal.
It consists of three candlesticks, the first being a short bullish candle, the
second candlestick being a large bearish candle which should cover the first
candlestick.
The third candlestick should be a long bearish candlestick confirming the
bearish reversal.
Doji pattern is a price action candlestick pattern of indecision that is formed
when the opening and closing prices are almost equal.
It is formed when both the bulls and bears are fighting to control prices but
nobody succeeds in gaining full control of the prices.
The spinning top candlestick pattern is the same as the Doji, indicating
indecision in the market.
The only difference between the spinning top and the doji is in their
formation, the real body of the spinning is larger as compared to the Doji.
The “falling three methods” is a bearish, five-candle continuation pattern
that signals an interruption, but not a reversal, of the ongoing downtrend.
The candlestick pattern is made of two long candlestick charts in the
direction of the trend i.e. downtrend at the beginning and end, with three
shorter counter-trend candlesticks in the middle.
The “rising three methods” is a bullish, five-candle continuation pattern
that signals an interruption, but not a reversal, of the ongoing uptrend.
The candlestick pattern is made of two long candlesticks in the direction of
the trend i.e. uptrend in this case. At the beginning and end, with three
shorter counter-trend candlesticks in the middle