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Candlestick Patterns Guide

The document provides a guide on various candlestick patterns used in trading, including Bullish Engulfing, Bearish Engulfing, Doji, Hammer, Shooting Star, Morning Star, and Evening Star. Each pattern is described with its type, visual characteristics, and trading signals. The guide emphasizes the potential market reversals indicated by these patterns.

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tiwariprince968
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9 views2 pages

Candlestick Patterns Guide

The document provides a guide on various candlestick patterns used in trading, including Bullish Engulfing, Bearish Engulfing, Doji, Hammer, Shooting Star, Morning Star, and Evening Star. Each pattern is described with its type, visual characteristics, and trading signals. The guide emphasizes the potential market reversals indicated by these patterns.

Uploaded by

tiwariprince968
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 Engulfing
Type: Bullish Reversal

Description: A small red candle followed by a large green candle that completely engulfs the red

one. Indicates strong buying pressure after a downtrend.

Trading Signal: Buy

Bearish Engulfing
Type: Bearish Reversal

Description: A small green candle followed by a large red candle that completely engulfs the green

one. Indicates strong selling pressure after an uptrend.

Trading Signal: Sell

Doji
Type: Indecision / Potential Reversal

Description: Open and close are nearly the same, forming a very small body. Shows indecision in

the market.

Trading Signal: Wait / Reversal Possible

Hammer
Type: Bullish Reversal

Description: A small body at the top with a long lower shadow. Appears after a downtrend and

signals a potential reversal upward.

Trading Signal: Buy

Shooting Star
Type: Bearish Reversal

Description: A small body at the bottom with a long upper shadow. Appears after an uptrend and
signals a potential reversal downward.

Trading Signal: Sell

Morning Star
Type: Bullish Reversal

Description: Three-candle pattern: a red candle, a small-bodied candle, then a large green candle.

Appears at the end of a downtrend.

Trading Signal: Strong Buy

Evening Star
Type: Bearish Reversal

Description: Three-candle pattern: a green candle, a small-bodied candle, then a large red candle.

Appears at the end of an uptrend.

Trading Signal: Strong Sell

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