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Candlestick Patterns

The important candlestick patterns

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116 views2 pages

Candlestick Patterns

The important candlestick patterns

Uploaded by

2yearbhms
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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Important Candlestick Patterns

1. Hammer

A bullish reversal pattern formed after a downtrend. It has a small body and a long lower wick.

2. Shooting Star

A bearish reversal pattern with a small body and a long upper wick, appearing after an uptrend.

3. Doji

Indicates indecision in the market. The open and close prices are nearly equal.

4. Bullish Engulfing

A two-candle pattern where a bullish candle completely engulfs the previous bearish candle.

5. Bearish Engulfing

A two-candle pattern where a bearish candle completely engulfs the previous bullish candle.

6. Morning Star

A bullish reversal pattern formed by three candles: a bearish candle, a small indecisive candle, and

a bullish candle.

7. Evening Star

A bearish reversal pattern formed by three candles: a bullish candle, a small indecisive candle, and

a bearish candle.

8. Hanging Man

A bearish reversal pattern similar to a Hammer but appears after an uptrend.

9. Inverted Hammer

A bullish reversal pattern similar to a Shooting Star but appears after a downtrend.
10. Spinning Top

A pattern with small bodies and long wicks, indicating indecision or potential reversal.

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