Here are some common Japanese candlesticks and what they can indicate (supply/demand/emotions) within a market

However, please consider Japanese candlesticks are more an art than a science and need to be coupled with other pieces of
confirmation i.e. full proven trading strategy including risk management in order to see consistent long term profits.

Bullish Engulfing Pattern

Consists of a number of
small bodies that are
contained within the
followed large green
candlestick. When it
appears at bottom it is
interpreted as a major
reversal signal

Bearish Engulfing Pattern

Consists of a number of
small bodies that are
contained within the
followed large red
candlestick. When it
appears at top it is
considered as a major
reversal signal

Gap
These
are produced when the
highest price of one day is
lower than the lowest
price of the following day.
The gap reflects a bullish
movement when the price
has gapped upwards and a
bearish movement when
the price has gapped
downwards

Day
1

Day
2

Day
3

Day
4

Day
5

Day
6

Hammer
A
small body near the high
with very little upper wick
and a long lower tail.
Typically bullish in a
downtrend
Hanging Man
A
small body near the high
with very little upper wick
and a long lower tail.
Typically bearish in an
uptrend

Shooting Star
A
green candlestick in an
upside-down hammer
position. Can be bearish in
an uptrend

Inverted Hammer
A
red body in an upside
down hammer position.
Typically a bottom reversal
signal

Spinning Top
Can
be red or green with a
small body. Is neutral but
may be important within
other formations

Doji
This
signifies indecision and we
wait until after the
proceeding move

Gravestone Doji
Both
open and closing price are
at the lowest of the day. A
potential reversal signal at
a market top or bottom

Long Legged Doji *Open

and Close position may
vary. Again signifies
indecision and we wait
until after the proceeding
move

Dragonfly Doji
This
signifies indecision. It can
be bearish in an uptrend
and bullish in a downtrend