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Candlestick Patterns Clean Guide

The document provides a comprehensive guide to candlestick patterns used in trading, categorized into single, double, and triple patterns. Each pattern is described with its market implication, such as bullish or bearish signals, and examples include Doji, Hammer, Bullish Engulfing, and Morning Star. Additionally, it covers continuation patterns like Rising Three Methods and Falling Three Methods, highlighting their significance in market analysis.

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Sunil Saini
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10 views2 pages

Candlestick Patterns Clean Guide

The document provides a comprehensive guide to candlestick patterns used in trading, categorized into single, double, and triple patterns. Each pattern is described with its market implication, such as bullish or bearish signals, and examples include Doji, Hammer, Bullish Engulfing, and Morning Star. Additionally, it covers continuation patterns like Rising Three Methods and Falling Three Methods, highlighting their significance in market analysis.

Uploaded by

Sunil Saini
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 Candlestick Patterns Guide

SINGLE CANDLESTICK PATTERNS

Doji
Neutral: Indicates indecision; price opens and closes almost at the same level.

Hammer
Bullish: Small body with long lower shadow; suggests reversal after downtrend.

Inverted Hammer
Bullish: Small body with long upper shadow; potential reversal after a downtrend.

Shooting Star
Bearish: Small body with long upper shadow; reversal after uptrend.

Hanging Man
Bearish: Looks like Hammer, but appears at the top of an uptrend; signals reversal.

Spinning Top
Neutral: Small body with long shadows; signals indecision or consolidation.

Marubozu
Bullish/Bearish: No wicks; shows strong buying or selling pressure.

DOUBLE CANDLESTICK PATTERNS

Bullish Engulfing
Bullish: Small red candle followed by large green that 'engulfs' it.

Bearish Engulfing
Bearish: Small green candle followed by large red that 'engulfs' it.

Piercing Line
Bullish: First candle bearish, second opens lower but closes above midpoint of the first.

Dark Cloud Cover


Bearish: First candle bullish, second opens higher but closes below midpoint of the first.

Tweezer Bottom
Bullish: Two candles with equal lows after a downtrend; reversal signal.
Complete Candlestick Patterns Guide

Tweezer Top
Bearish: Two candles with equal highs after an uptrend; reversal signal.

TRIPLE CANDLESTICK PATTERNS

Morning Star
Bullish: Bearish candle, small-bodied candle (indecision), then large bullish candle.

Evening Star
Bearish: Bullish candle, small-bodied candle, then large bearish candle.

Three White Soldiers


Bullish: Three consecutive long green candles with higher closes.

Three Black Crows


Bearish: Three long red candles with lower closes.

Three Inside Up
Bullish: Bearish candle followed by smaller bullish, then larger bullish candle.

Three Inside Down


Bearish: Bullish candle followed by smaller bearish, then larger bearish candle.

CONTINUATION PATTERNS

Rising Three Methods


Bullish: Long green candle, 3 small-bodied candles within range, then another green candle.

Falling Three Methods


Bearish: Long red candle, 3 small-bodied candles, then another red candle.

Doji Star
Neutral: Depends on context; part of reversal or continuation pattern.

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