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Candlestick Patterns

The document outlines common candlestick patterns used in trading, including Bullish and Bearish Engulfing, Doji, Hammer, Shooting Star, Morning Star, and Evening Star. Each pattern indicates potential market reversals, with specific formations signaling bullish or bearish trends. Understanding these patterns can help traders make informed decisions in the market.

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22 views1 page

Candlestick Patterns

The document outlines common candlestick patterns used in trading, including Bullish and Bearish Engulfing, Doji, Hammer, Shooting Star, Morning Star, and Evening Star. Each pattern indicates potential market reversals, with specific formations signaling bullish or bearish trends. Understanding these patterns can help traders make informed decisions in the market.

Uploaded by

chndnxnwl
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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Common Candlestick Patterns for Trading

Bullish Engulfing

A larger bullish candle completely engulfs the previous smaller bearish candle, signaling potential reversal to

the upside.

Bearish Engulfing

A larger bearish candle completely engulfs the previous smaller bullish candle, signaling potential reversal to

the downside.

Doji

The opening and closing prices are almost the same, showing indecision in the market.

Hammer

A small body with a long lower wick, appearing after a downtrend, signaling a potential bullish reversal.

Shooting Star

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

Morning Star

A three-candle pattern indicating a bullish reversal: a bearish candle, a small indecisive candle (like Doji),

followed by a strong bullish candle.

Evening Star

A three-candle pattern indicating a bearish reversal: a bullish candle, a small indecisive candle, followed by a

strong bearish candle.

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