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Single Candlestick Patterns Visual Guide | PDF
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Single Candlestick Patterns Visual Guide

The document provides a visual guide to single candlestick patterns used in trading. It describes various patterns including the Hammer, Inverted Hammer, Hanging Man, Shooting Star, Doji, Dragonfly Doji, and Gravestone Doji, along with their implications for market trends. Each pattern indicates either bullish or bearish reversals or market indecision based on their shapes and positions in relation to price trends.

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50 views1 page

Single Candlestick Patterns Visual Guide

The document provides a visual guide to single candlestick patterns used in trading. It describes various patterns including the Hammer, Inverted Hammer, Hanging Man, Shooting Star, Doji, Dragonfly Doji, and Gravestone Doji, along with their implications for market trends. Each pattern indicates either bullish or bearish reversals or market indecision based on their shapes and positions in relation to price trends.

Uploaded by

kashafmini6686
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Single Candlestick Patterns – Visual

Guide
Hammer
Bullish reversal pattern. Appears after a downtrend. Long lower wick, small body on top.
Strong buying pressure.

Inverted Hammer
Bullish reversal pattern. Appears after a downtrend. Looks like an upside-down hammer.
Needs confirmation from the next bullish candle.

Hanging Man
Bearish reversal pattern. Appears at the top of an uptrend. Same shape as hammer but
indicates selling pressure.

Shooting Star
Bearish reversal pattern. Appears at the top of an uptrend. Long upper wick, small body at
bottom. Shows rejection of higher prices.

Doji
Indecision candle. Open and close prices are almost equal. Shows market uncertainty.

Dragonfly Doji
Bullish reversal pattern. Long lower wick, open and close are at top. Appears after a
downtrend.

Gravestone Doji
Bearish reversal pattern. Long upper wick, open and close are at bottom. Appears after an
uptrend.

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