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Candlestick Pattern Guide

The document provides a guide to five key candlestick patterns used in trading: Hammer, Hanging Man, Inverted Hammer, Engulfing Pattern, and Pin Bar. Each pattern indicates potential bullish or bearish reversals based on their formation after specific market trends. Understanding these patterns can help traders make informed decisions in the market.

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10 views1 page

Candlestick Pattern Guide

The document provides a guide to five key candlestick patterns used in trading: Hammer, Hanging Man, Inverted Hammer, Engulfing Pattern, and Pin Bar. Each pattern indicates potential bullish or bearish reversals based on their formation after specific market trends. Understanding these patterns can help traders make informed decisions in the market.

Uploaded by

sojukwu41
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Candlestick Pattern Guide

1. Hammer

A hammer is a bullish reversal candlestick that forms after a downtrend. It has a small real body and

a long lower shadow, signaling a potential price reversal.

2. Hanging Man (Hanging Hammer)

The hanging man appears after an uptrend and signals a bearish reversal. It looks similar to the

hammer but forms at the top of an uptrend.

3. Inverted Hammer

This pattern forms after a downtrend and has a small body with a long upper shadow. It signals a

potential bullish reversal.

4. Engulfing Pattern

A two-candle reversal pattern where the second candle completely engulfs the first. A bullish

engulfing appears after a downtrend, and a bearish one after an uptrend.

5. Pin Bar

A pin bar has a long wick and small body, showing price rejection and potential reversal. It's strong

when formed at key support/resistance zones.

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