Open
High
Low
Close
Doji
Opening= Closing
Market hesitation
Engulfing
High Volume, Check Support/Resistance
Bullish
Downtrend
Small red
Large green which engulfs red
Buy
Bearish
Uptrend
Small green
Large red which engulfs green
Sell
Abandoned Baby
High timeframes, high volume
Bullish
Downtrend
Bearish candle
Doji(with gap)
Bullish candle
Buy
Bearish
Uptrend
Bullish candle
Doji(with gap)
Bearish candle
Sell
Dark Cloud Cover
Bullish(buyer in control)
Above 1st candle, but closes at half the size of previous candle(sellers pushing price down)
Sell
Piercing Bullish
Bearish(seller in control)
Below 1st candle, but closes at half the size of previous candle(buyers pushing price up)
Buy
Downside Takushi Gap
Bearish candle
Lower bearish candle
Bullish candle which closes the gap but doesn't fill it
Sell
Dragonfly Doji
T shape doji
Sellers pushed down but rejection
At support if large green candle in daily/weekly
Buy
Gravestone Doji
Hammer shape doji
Buyers pushed up but rejection
At resistance if large red candle in daily/weekly
Sell
Evening Doji Star
Bullish candle
Upwards Doji- indecision
Bearish candle which closes below Doji’s low
Break support
No uptrend, indecision, sellers are controlling
High timeframe, high volume
Sell
Morning Doji Star
Bearish candle
Downwards Doji- indecision
Bullish candle which opens above Doji’s high
Break resistance
No downtrend, indecision, buyers are controlling
High timeframe, high volume
Buy
Evening Star
Bullish candle
Gap up(uptrend losing strength, buyers are slow)
Bearish candle which closes in the body of the first candle, (sellers are controlling)
If 4th candle is low, put stop loss in 1st candle high, resistance
Sell
Morning Star
Bearish candle
Gap down(downtrend losing strength, sellers are slow)
Bullish candle which closes in the body of the first candle, (buyers are controlling)
If 4th candle is high, put stop loss in 1st candle low, support
Buy
Falling Three Methods
Bearish candle
3 small bullish candles which move sideways/up within 1st candle range(buyers can’t break)
Bearish candle which closes below 1st candle(downtrend resumes)
Consolidation of downtrend
Sell
Rising Three Methods
Bullish candle
3 small bearish candles which move sideways/down within 1st candle range(sellers can’t break)
Bullish candle which closes above 1st candle(uptrend resumes)
Consolidation of uptrend
Buy
Falling Window
Bearish candle
Candle which gaps down
Increase in bearish momentum
Sellers can gap price down but buyers can’t
If gap is not filled, bearish trend continues
Sell
Rising Window
Bullish candle
Candle which gaps up
Increase in bullish momentum
Buyers can gap price up but sellers can’t
If gap is not filled, bullish trend continues
Buy
Hammer
Green candle
Small body at top of candle(price opened)
Long lower shadow(fell sharply)
No upper shadow(buyers pushed it back up and rejected it, upwards)
High volume and should be in support
Buy
Hanging Man
Red candle
Small body at bottom of candle(price fell)
Long lower shadow(fell sharply)
No upper shadow(sellers pushed it back down and rejected it, downwards)
High volume and should be in resistance
Sell
Harami
Bearish
Large bullish- momentum
Small bearish/Doji within body of 1st- indecision, weak momentum
Sell
Bullish
Large bearish-momentum
Small bullish/Doji within body of 1st- weak,indecision
Buy
Inverted Hammer
Small real body(sellers pushed price low)
Long upper shadow(buyers pushed up, bullish and rejected prices)
No lower shadow
After green candle, enter long
Stop loss below 1st candle low
Target- Resistance
Buy
Black Marubozu
Opens at high
Closes at low(Strong selling pressure, continued downtrend)
Sell
White Marubozu
Opens at low
Closes at high(Strong buying pressure, continued uptrend)
Buy
Kicking
Bullish
Long bearish candle
Long bullish second candle which gaps up
Buy
Bearish
Long bullish candle
Long bearish second candle which gaps down
Sell
Long Lower Shadow
Long lower wick(sellers drived price down)
Buyers pushed it up(buyers absorbed it)
Support level
Wait for next candle confirmation
Buy
Long Upper Shadow
Long upper wick(buyers drived price up)
Sellers pushed it down(sellers absorbed it)
Resistance level
Wait for next candle confirmation
Sell
On Neck
Bearish candle(strong selling pressure)
Small bullish which opens below previous close but closes near previous close without crossing
it(weak attempt by buyer but they fail)
Downtrend will continue
Sell
Spinning Top
Small body with long wick- indecision
Indecision
Three Black Crows
Three bearish candles continuously with long red body and opens within previous candle’s body and
closes lower than the previous candle’s close(buyers losing control and sellers dominating, closing
lower and lower with resistance zones)
Small shadows
Sell
Three White Soldiers
Three bullish candles continuously with long green body and opens within previous candle’s body and
closes higher than the previous candle’s close(sellers losing control and buyers dominating, closing
higher and higher with support zones)
Small shadows
Buy
Tri Star
3 consecutive Doji candles(losing strength)
Middle Doji is gapped(uncertainty)
Last Doji(stopped momentum)
Reversal
Tweezer Top
Bullish candle(bulls push price up)
Bearish candle(bulls fail)
Equal heights
Sell
Tweezer Bottom
Bearish candle(bears push price down)
Bullish candle(bears fail)
Equal heights
Buy
