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Candlestick Patterns Guide

The document provides a comprehensive guide to candlestick patterns used in trading, detailing their basic structure, including the significance of green and red candles. It categorizes various patterns into single candlestick, bullish reversal, bearish reversal, continuation, and bonus patterns, each with specific characteristics and implications for market trends. This guide serves as a valuable resource for traders to identify potential market movements based on candlestick formations.

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34 views2 pages

Candlestick Patterns Guide

The document provides a comprehensive guide to candlestick patterns used in trading, detailing their basic structure, including the significance of green and red candles. It categorizes various patterns into single candlestick, bullish reversal, bearish reversal, continuation, and bonus patterns, each with specific characteristics and implications for market trends. This guide serves as a valuable resource for traders to identify potential market movements based on candlestick formations.

Uploaded by

vedantkhardikar9494
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 Patterns Guide

Basic Candlestick Structure

Each candle has a body and wicks:

- Green candle: Closed higher than open (Bullish)

- Red candle: Closed lower than open (Bearish)

Single Candlestick Patterns

1. Doji: Market undecided

2. Hammer: Bullish reversal at bottom

3. Inverted Hammer: Bullish but weaker

4. Shooting Star: Bearish at top

5. Hanging Man: Bearish at top

6. Marubozu: Strong momentum, no wicks

7. Spinning Top: Indecision, low momentum

Bullish Reversal Patterns

8. Bullish Engulfing: Big green after red, strong signal

9. Morning Star: Red + Doji + Green, strong reversal

10. Piercing Line: Green candle penetrates red

11. Tweezer Bottom: Two equal lows

12. Three White Soldiers: Three strong green candles

Bearish Reversal Patterns

13. Bearish Engulfing: Big red after green

14. Evening Star: Green + Doji + Red

15. Dark Cloud Cover: Red penetrates green


Candlestick Patterns Guide
16. Tweezer Top: Two equal highs

17. Three Black Crows: Three strong red candles

Continuation Patterns

18. Rising Three Methods: Bullish continuation

19. Falling Three Methods: Bearish continuation

20. Marubozu (again): Strong single trend candle

Bonus Patterns

21. Inside Bar: Breakout setup

22. Outside Bar: Engulfing structure

23. Long Wick Rejection: Reversal signal

24. Dragonfly Doji: Bullish signal

25. Gravestone Doji: Bearish signal

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