The Price Action

Cheat Sheet
Bullish Candlestick Patterns

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BULLISH CANDLESTICK
 • Larger candle body engulfs
the previous candle showing a
shift in momentum to the
upside
• Price is likely to rise

BULLISH ENGULFING
 • 2 pins in the bottom
make this setup Tweezer
Bottoms
• Long lower tails show a
rejection of lower price
• Price is likely to rise

TWEEZER BOTTOMS
 • Closing price is higher
than the open
• Long lower tails shows a
rejection of lower price
• Price is likely to rise

BULLISH PINBAR
 • 3 candlestick pattern
• Middle indecision candle followed by a
bullish engulfing candle shows a shift
in momentum to the upside
• Price is likely to rise

MORNING STAR
Bearish Candlestick Patterns

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BEARISH CANDLESTICK
 • Larger candle body engulfs the
previous candle showing a shift in
momentum to the downside
• Price is likely to drop

BEARISH ENGULFING
 • 2 pins on the top make
this setup Tweezer Tops
• Long upper tails show a
rejection of higher price
• Price is likely to drop

TWEEZER TOPS
 • Closing price is lower
than the open
• Long upper tails show a
rejection of higher price
• Price is likely to drop

BEARISH PINBAR
 • 3 candlestick pattern
• Middle indecision candle followed by a
bearish engulfing candle shows a shift
in momentum to the downside
• Price is likely to drop

EVENING STAR
 • Small candle bodies
• Candle body can be red or green
• Long tails on both sides of the candle
show indecision in the market
• Price can move in either direction

SPINNING TOPS
Chart Patterns

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