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Candlestick Patterns Guide

The document outlines various candlestick patterns used in trading, categorized into bullish, bearish, and continuation patterns. Bullish patterns indicate potential upward reversals or continuations, while bearish patterns signal possible downward reversals. Continuation patterns suggest indecision or continuation of the current trend.

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7 views3 pages

Candlestick Patterns Guide

The document outlines various candlestick patterns used in trading, categorized into bullish, bearish, and continuation patterns. Bullish patterns indicate potential upward reversals or continuations, while bearish patterns signal possible downward reversals. Continuation patterns suggest indecision or continuation of the current trend.

Uploaded by

sachinbhai58395
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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Bullish Candlestick Patterns

# Pattern Description
1 Hammer Signals reversal from downtrend to uptre
2 Inverted Hammer Suggests possible bullish reversal.
3 Bullish Engulfing Strong reversal signal.
4 Morning Star Indicates strong bullish reversal.
5 Piercing Line Reversal of downward trend.
6 Three White Soldiers Strong bullish continuation signal.
Bearish Candlestick Patterns

# Pattern Description
1 Shooting Star Signals potential downward reversal.
2 Hanging Man Suggests bearish reversal after uptrend.
3 Bearish Engulfing Strong bearish signal.
4 Evening Star Signals reversal to a downtrend.
5 Dark Cloud Cover Indicates trend reversal.
6 Three Black Crows Strong bearish continuation signal.
Continuation Candlestick Patterns

# Pattern Description
1 Doji Signals indecision, trend continuation like
2 Spinning Top Market is undecided.
3 Rising Three Methods Bullish continuation pattern.
4 Falling Three Methods Bearish continuation pattern.
5 Marubozu Strong trend continuation signal.

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