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Candlestick Pattern

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0% found this document useful (0 votes)
35 views4 pages

Candlestick Pattern

Uploaded by

Musiclover
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

Description Additional Features


Pattern

Indicates market indecision and potential – Can appear in various shapes and sizes. – Confirmation
Doji
reversal. needed from subsequent price action.

– Requires confirmation from subsequent price action. –


Bullish reversal signal characterized by a
Hammer Lower shadow should be at least twice the length of the
long lower wick.
body.

Bearish reversal signal, similar to the


– Signifies potential trend reversal. – Requires
Hanging Man hammer but appears at the peak of an
confirmation from subsequent candlesticks.
uptrend.

Bearish reversal signal with a small body – Indicates potential reversal in an uptrend. –
Shooting Star
and long upper wick. Confirmation needed from subsequent price action.

Inverted Bullish reversal signal with a long upper – Typically appears at the bottom of a downtrend. –
Hammer wick and small body. Requires confirmation from subsequent candlesticks.

– Strong bullish signal when it appears at the end of a


Bullish Bullish reversal pattern where the second
downtrend. – Indicates a shift from selling pressure to
Engulfing candlestick completely engulfs the first.
buying pressure.

– Strong bearish signal when it appears at the end of an


Bearish Bearish reversal pattern opposite to bullish
uptrend. – Indicates a shift from buying pressure to
Engulfing engulfing.
selling pressure.

– Second candlestick should close above the midpoint of


Bullish reversal signal formed after a
Piercing Line the first candlestick. – Indicates potential trend reversal
downtrend.
when preceded by a downtrend.

– Second candlestick should open above the previous


Dark Cloud Bearish reversal signal formed after an
candle’s high. – Indicates potential trend reversal when
Cover uptrend.
preceded by an uptrend.

Bullish reversal pattern consisting of three


– Signals potential reversal from bearish to bullish. –
Morning Star candles – a long bearish, a small-bodied,
Requires confirmation from subsequent price action.
and a bullish candle.
Candlestick
Description Additional Features
Pattern

Bearish reversal pattern opposite to the – Signals potential reversal from bullish to bearish. –
Evening Star
morning star. Requires confirmation from subsequent candlesticks.

– Indicates strong buying pressure and potential trend


Three White Bullish reversal pattern formed by three
reversal. – Requires confirmation from subsequent price
Soldiers consecutive long bullish candles.
action.

– Indicates strong selling pressure and potential trend


Three Black Bearish reversal pattern opposite to three
reversal. – Requires confirmation from subsequent
Crows white soldiers.
candlesticks.

– Requires confirmation from subsequent candlesticks. –


Bullish reversal pattern characterized by a
Bullish Harami Suggests a potential shift in market sentiment from
small candlestick inside a larger one.
bearish to bullish.

– Requires confirmation from subsequent candlesticks. –


Bearish reversal pattern opposite to bullish
Bearish Harami Suggests a potential shift in market sentiment from
harami.
bullish to bearish.

Bullish signal with a long white candlestick


Bullish Belt – Indicates strong buying pressure throughout the
that opens at or near the low and closes
Hold session. – Typically occurs after a downtrend.
near the high.

Bearish Belt – Indicates strong selling pressure throughout the


Bearish signal opposite to bullish belt hold.
Hold session. – Typically occurs after an uptrend.

– Signifies strong buying or selling pressure depending


Bullish or bearish reversal pattern with a
Marubozu on the color. – Little to no wicks indicate dominance by
long body and little to no wicks.
buyers or sellers.

Bearish reversal pattern with two – Requires confirmation from subsequent candlesticks. –
Tweezer Tops
candlesticks at the peak of an uptrend. Indicates potential exhaustion of buying pressure.

Tweezer Bullish reversal pattern opposite to tweezer – Requires confirmation from subsequent candlesticks. –
Bottoms tops. Indicates potential exhaustion of selling pressure.
Candlestick
Description Additional Features
Pattern

Bearish
Bearish reversal pattern characterized by a – Requires confirmation from subsequent candlesticks. –
Abandoned
gap down after a doji. Indicates potential reversal in an uptrend.
Baby

Bullish
Bullish reversal pattern opposite to bearish – Requires confirmation from subsequent candlesticks. –
Abandoned
abandoned baby. Indicates potential reversal in a downtrend.
Baby

Upside Tasuki Bullish continuation pattern with a gap up – Indicates potential continuation of an uptrend. –
Gap followed by two inside days. Second day’s close should be above the first day’s close.

Downside Bearish continuation pattern opposite to – Indicates potential continuation of a downtrend. –


Tasuki Gap upside tasuki gap. Second day’s close should be below the first day’s close.

Bullish or bearish reversal pattern with one


– Strong signal when the prior candlestick is completely
Kicking candlestick completely engulfing the prior
engulfed. – Indicates a decisive shift in market sentiment.
candlestick.

Bearish reversal pattern with a long upper – Indicates potential reversal in an uptrend. – Requires
Gravestone Doji
wick and no lower wick. confirmation from subsequent candlesticks.

Bullish reversal pattern with a long lower – Indicates potential reversal in a downtrend. – Requires
Dragonfly Doji
wick and no upper wick. confirmation from subsequent candlesticks.

Long-Legged Indicates market indecision with long upper – Indicates uncertainty in the market. – Requires
Doji and lower wicks. confirmation from subsequent price action.

Indicates market indecision with small – Suggests a battle between buyers and sellers. –
Spinning Top
body and long upper and lower wicks. Requires confirmation from subsequent candlesticks.

Indicates market indecision with a small – Signifies uncertainty in the market. – Requires
Rickshaw Man
body and long wicks. confirmation from subsequent candlesticks.

Bullish or bearish reversal pattern with a – Requires confirmation from subsequent candlesticks. –
Harami Cross small candlestick inside a larger one, Indicates potential reversal depending on the direction of
indicating uncertainty. the subsequent candlestick.
Candlestick
Description Additional Features
Pattern

Bullish or bearish continuation pattern with


– Indicates potential continuation of the current trend. –
Meeting Lines two candlesticks of opposite colors having
Requires confirmation from subsequent candlesticks.
the same close.

Bullish or bearish continuation pattern with


Separating Lines
two candlesticks of the same

Bullish continuation pattern where a long


Mat Hold white candle is followed by a series of – Indicates
small-bodied candles.

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