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Complete Binary Options Candlestick Patterns

This guide details major candlestick patterns used in binary options trading, including single, double, and triple patterns. Each pattern is explained in terms of its formation, market psychology, and implications for CALL or PUT entries. Key patterns include Doji, Hammer, Engulfing, and Star formations, among others, which indicate market reversals or continuations.

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141 views3 pages

Complete Binary Options Candlestick Patterns

This guide details major candlestick patterns used in binary options trading, including single, double, and triple patterns. Each pattern is explained in terms of its formation, market psychology, and implications for CALL or PUT entries. Key patterns include Doji, Hammer, Engulfing, and Star formations, among others, which indicate market reversals or continuations.

Uploaded by

davidjax100
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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Complete Binary Options Candlestick Pattern Guide

This guide provides all major candlestick patterns for binary options trading.

It explains how each pattern forms, its meaning (market psychology), and how to use it

for CALL (buy) or PUT (sell) entries.

1. Single Candlestick Patterns


Doji
- Indicates market indecision. Wait for confirmation.
Hammer
- Bullish reversal when found at the bottom of a downtrend.
Inverted Hammer
- Bullish reversal when found at the bottom of a downtrend.
Hanging Man
- Bearish reversal when found at the top of an uptrend.
Shooting Star
- Bearish reversal. Sellers push price down after a strong rise.
Marubozu
- Shows strong momentum (bullish or bearish).
Spinning Top
- Indicates a pause in the market or indecision.
Dragonfly Doji
- Bullish reversal if found at the bottom of a downtrend.
Gravestone Doji
- Bearish reversal if found at the top of an uptrend.
2. Double Candlestick Patterns
Bullish Engulfing
- Strong bullish reversal when a large green candle covers a previous red candle.
Bearish Engulfing
- Strong bearish reversal when a large red candle covers a previous green candle.
Bullish Harami
- Smaller green candle inside a previous red candle (bullish reversal).
Bearish Harami
- Smaller red candle inside a previous green candle (bearish reversal).
Piercing Line
- Bullish reversal when a green candle closes above 50% of the previous red candle.
Dark Cloud Cover
- Bearish reversal when a red candle closes below 50% of the previous green candle.
Tweezer Tops
- Bearish reversal with two candles having the same high.
Tweezer Bottoms
- Bullish reversal with two candles having the same low.
3. Triple Candlestick Patterns
Morning Star
- Bullish reversal pattern with 3 candles (red, small body, green).
Evening Star
- Bearish reversal pattern with 3 candles (green, small body, red).
Three White Soldiers
- 3 strong green candles showing strong bullish momentum.
Three Black Crows
- 3 strong red candles showing strong bearish momentum.
Rising Three Methods
- Bullish continuation pattern.
Falling Three Methods
- Bearish continuation pattern.

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