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Candlestick Patterns Guide

The document provides a guide to candlestick patterns, categorizing them into bullish and bearish patterns. Bullish patterns include Hammer, Inverted Hammer, and Morning Star, while bearish patterns include Hanging Man, Shooting Star, and Evening Star. Each pattern is briefly described with its significance in indicating potential market reversals.

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60 views1 page

Candlestick Patterns Guide

The document provides a guide to candlestick patterns, categorizing them into bullish and bearish patterns. Bullish patterns include Hammer, Inverted Hammer, and Morning Star, while bearish patterns include Hanging Man, Shooting Star, and Evening Star. Each pattern is briefly described with its significance in indicating potential market reversals.

Uploaded by

emiramanov25
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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Candlestick Patterns Guide

Bullish Candlestick Patterns

1. Hammer - Reversal pattern found at the bottom of a downtrend.

2. Inverted Hammer - Signals possible trend reversal at the bottom.

3. Dragonfly Doji - Indicates potential reversal with a long lower shadow.

4. Bullish Engulfing - A small red candle followed by a large green candle.

5. Piercing Line - A bullish reversal pattern with a gap down followed by a close above the midpoint.

6. Tweezer Bottom - Two candles with similar lows, signaling reversal.

7. Morning Star - A three-candle pattern indicating bullish reversal.

8. Bullish Three Method - Small bearish candles in between two large bullish candles.

9. Three White Soldiers - Three consecutive green candles, strong bullish signal.

Bearish Candlestick Patterns

1. Hanging Man - Reversal pattern found at the top of an uptrend.

2. Shooting Star - Bearish signal with a small body and long upper shadow.

3. Gravestone Doji - Potential reversal at the top of an uptrend.

4. Bearish Engulfing - A large red candle that engulfs a small green candle.

5. Dark Cloud Cover - Bearish pattern with a gap up followed by a close below the midpoint.

6. Tweezer Top - Two candles with similar highs, signaling reversal.

7. Evening Star - A three-candle pattern indicating bearish reversal.

8. Bearish Three Method - Small bullish candles in between two large bearish candles.

9. Three Black Crows - Three consecutive red candles, strong bearish signal.

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