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Candlestick Patterns for Traders

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13 views2 pages

Candlestick Patterns for Traders

Uploaded by

milkaiihlmariam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Common Candlestick Chart Patterns

1. Bullish Engulfing

This pattern indicates a potential reversal to an uptrend. The second candlestick fully engulfs the

previous bearish candle, closing higher.

2. Bearish Engulfing

This pattern signals a potential reversal to a downtrend. The second candlestick fully engulfs the

previous bullish candle, closing lower.

3. Hammer

A hammer appears at the bottom of a downtrend and suggests a reversal. It has a small body and a

long lower shadow.

4. Inverted Hammer

Appears after a downtrend and signals a potential reversal to the upside. It has a small body and a

long upper shadow.

5. Doji

A Doji represents indecision in the market. The opening and closing prices are almost the same. It

often signals a potential reversal.

6. Shooting Star

A bearish reversal pattern that appears after an uptrend. It has a small body and a long upper

shadow.

7. Morning Star
A bullish reversal pattern that occurs after a downtrend. It consists of three candles: a bearish

candle, a small indecisive candle, and a bullish candle.

8. Evening Star

A bearish reversal pattern that occurs after an uptrend. It consists of three candles: a bullish candle,

a small indecisive candle, and a bearish candle.

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