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Candlestick Patterns Trading Ebook

The document outlines various candlestick patterns used in trading, highlighting their significance in indicating market trends. Key patterns include Doji, Hammer, and Engulfing patterns, each representing potential market reversals or indecision. The document categorizes these patterns into bullish and bearish signals, providing a concise reference for traders.

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johnwicko21ks
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7 views2 pages

Candlestick Patterns Trading Ebook

The document outlines various candlestick patterns used in trading, highlighting their significance in indicating market trends. Key patterns include Doji, Hammer, and Engulfing patterns, each representing potential market reversals or indecision. The document categorizes these patterns into bullish and bearish signals, providing a concise reference for traders.

Uploaded by

johnwicko21ks
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 in Trading

Doji

Indecision in the market; open and close prices are virtually equal.

Hammer

Bullish reversal pattern after a downtrend, small body with long lower wick.

Inverted Hammer

Bullish reversal pattern, small body with long upper wick.

Hanging Man

Bearish reversal pattern after an uptrend, similar to hammer.

Shooting Star

Bearish reversal pattern, small body with long upper wick.

Bullish Engulfing

Bullish reversal pattern where a small red candle is followed by a large green candle.

Bearish Engulfing

Bearish reversal pattern where a small green candle is followed by a large red candle.

Morning Star

Bullish reversal pattern with three candles: red, small-bodied, then green.

Evening Star

Bearish reversal pattern with three candles: green, small-bodied, then red.

Three White Soldiers

Strong bullish pattern with three long green candles in a row.

Three Black Crows

Strong bearish pattern with three long red candles in a row.


Spinning Top

Indecision pattern with small body and wicks on both sides.

Marubozu

Strong trend candle with no wicks; all body.

Piercing Line

Bullish reversal pattern where a green candle opens below and closes above the midpoint of the red

candle.

Dark Cloud Cover

Bearish reversal pattern where a red candle opens above and closes below the midpoint of the

green candle.

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