39 Different Types of Candlesticks Patterns

4/9/24, 5:24 PM 39 Different Types of Candlesticks Patterns
39 Different Types of Candlesticks

Patterns
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Table of content [ hide ]

1. Bullish Engulfing
2. Bullish Spinning Top
3. Bearish Spinning Top
4. Bullish Harami
5. Tweezer Bottom
6. Bearish Engulfing
7. Doji
8. Gravestone Doji
9. Dragonfly Doji
10. Three Outside Up
11. Three Inside Down
12. Long Legged Doji
13. Hanging Man
14. Double Candlestick Patterns
15. Bullish Kicker
16. Piercing Line
17. Bearish Kicker
18. Dark Cloud Cover
19. Bearish Harami
20. Tweezer Top
21. Marubozu
22. Triple Candlestick Patterns
23. Morning Star Doji
24. Bullish Abandoned Baby
25. Morning Star
26. Evening Star Doji
27. Evening Star
28. Three White Soldiers
29. Three Black Crows
30. Shooting Star
31. Bearish Abandoned Baby
32. Rising Three
33. Falling Three
34. Three Outside Down
35. Three Inside Up
36. Tri-Star
37. Single Candlestick Patterns
38. Hammer
39. Inverted Hammer
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Are Candlestick Patterns reliable?
39 Different types of candlesticks patterns is a list of candlestick

patterns comprising strongest and mostly used candlestick patterns.
Knowing 39 different types of candlestick patterns will help a beginner
trader in leveling up his trading game.
Candlestick patterns offer a visual representation of how the forces of

demand and supply affect the prices of any specific stock or commodity.
There are several types of candlestick patterns. Traders use different
types of candlestick patterns to identify and trade in the markets.
Candlestick pattern types can be found in both a bullish market as well
as a bearish market.
Different types of candlestick patterns tell you a different story about the
price chart. Candlestick patterns have been accepted fairly by the
traders worldwide to be the most effective technical tool for reading a
price chart.
Candlestick patterns were first used in Japan in the 17th century.

Candlestick patterns have been able to showcase the emotions of
market participants on a price chart, in a way that is easy to read and
understand.
Candlestick patterns are made by plotting the open, high, low and close
prices of any specific stock over some time. Each candle contains a
body and wicks, which showcases the opening and closing, high and low
price of the security. Traders take trading decisions by using candlestick
patterns to identify the repeating behavior of the markets.
One of the reasons why candlestick patterns are accepted by traders

worldwide is the fact that these patterns have been able to represent the
market sentiment very well. Traders using candlestick patterns can read
a chart in a much more effective way.
A beginner trader can also benefit from using candlestick patterns as

they are very easy to read and understand. Candlestick patterns are also
known for providing early signs that enable traders to take their trading
decisions effectively.
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1. Bullish Engulfing How may I help you today? 
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control and that the number
sellers. Bullish engulfing pattern is made at the bottom of a price chart

and it marks what traders conclude as a potential market bottom.
Bullish engulfing candlestick pattern can be identified when a small red

candle’s high and low are breached by a large green candle at the bottom
of a price chart. For further confirmation, traders often look at a
technical tool called volume.
The pros of this candlestick pattern are that it provides the traders with
an early sign of a potential trend reversal. Bullish engulfing pattern is
also very easy to spot on the price chart.
A con of this candlestick pattern is that, like all technical tools, this
pattern too can generate false signals.
2. Bullish Spinning Top

Bullish spinning top candlestick pattern indicates a potential trend
reversal from downtrend to uptrend. Bullish spinning top experiences
wild price movements on both its upper side and lower side but at the
same time, the candle opens and closes near the same price.
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Bullish spinning top shows the indecision of the market participants.

Meaning, it tells us that neither the buyers nor the sellers are currently in
control of the market.
Bullish spinning top is spotted on the bottom of a chart. It leaves a long

wick on both lower and higher sides and closes nearly at the price. This
is why this candlestick pattern is easier for even beginners to spot on the
price chart.
The pros of this candlestick pattern are that it is easier to identify, and
gives traders a warning signal of a potential trend reversal. Traders also
use the low of the bullish spinning top pattern as a stop loss of their
bullish trade position.
The cons of this candlestick pattern are that compared to other

candlestick patterns, the bullish spinning top is not that strong and can
generate false signals.
3. Bearish Spinning Top

Bearish spinning top candlestick pattern indicates a potential trend
reversal from uptrend to downtrend. Bearish spinning top experiences
wild price movements on both its upper and lower side. But at the same
time, the candle opens and closes almost at the same price.
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Bearish spinning top shows the confusion in the market. It tells us that
neither sellers nor buyers are currently in hold of the markets.
Bearish spinning top is spotted on the upside of a price chart. It leaves a

long wick on both the upper side and lower side of the candle. This
candlestick pattern can be easily spotted because of its unique
structure.
The pros of the bearish spinning top are that it provides traders with an
early sign of a potential trend reversal and the pattern is clearly
established for even beginners to spot.
The cons of this candlestick pattern are that it is not as strong as other
candlestick patterns and can generate false signals.
4. Bullish Harami
Bullish harami candlestick pattern is a 2-candle pattern. Bullish harami
pattern occurs when a small body (Green) candle forms under a bigger
body (Red) candle. This pattern usually occurs at the bottom of the chart
and signals a potential bullish trend reversal.
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Bullish harami pattern indicates confusion in the market participants. It

also tells us that the selling pressure is declining and the buyers are
slowly taking control over the market.
Bullish harami candlestick patterns can easily be spotted on the bottom

of the price chart. You just have to spot a big bearish candle followed by
a small bullish candle. Note that the bullish candle must form under the
high and low of the previous bearish candle as shown in the above
diagram.
The pros of the bullish harami pattern are that it gives traders an early
signal of the potential bullish trend reversal and is easy to spot on a
naked chart.
The cons of this candlestick pattern are that it can generate a false
signal and some additional confirmation may be required to approve the
authenticity of this candlestick pattern.
5. Tweezer Bottom
The Tweezer bottom candlestick pattern is a bullish reversal pattern.
Tweezer bottom pattern occurs when there are two or more candles with
identical lows that mark a horizontal line of support. This candlestick
pattern is generally formed on the bottom of a price chart.
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The Tweezer bottom pattern is looked upon as a strong bullish pattern. It

signals that the buyers are stepping in and buying from the same level. It
also shows that the sellers are getting weaker and the potential bottom
of the market is in making.
Tweezer bottom pattern can be easily spotted on the bottom of a price

chart. You just have to spot two or more candles having almost identical
lows or two or more consecutive candles that are bouncing back from
almost similar levels of support.
The pros of tweezer bottom pattern are that it is a strong bullish reversal
pattern which can also be used with conjunction of other technical
indicators as well.
The con of this pattern is that like all other technical tools, this pattern
can also generate false trading signals.
6. Bearish Engulfing
Bearish engulfing candlestick pattern indicates that sellers have now
taken control over the market. Bearish engulfing pattern also shows that
the number of sellers have outweighed the number of buyers. This
candlestick pattern can be spotted on the top of the price chart and is
perceived as the potential market top.
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Bearish engulfing can be identified when a small green candle’s high and
low are breached by a large red candle at the top of a price chart. For
further confirmation, traders often used technical indicators such as
volume.
The pros of this candlestick pattern are that it provides the traders with
an early sign of a potential bearish trend reversal. This candlestick
pattern is also easier to spot on the naked price chart.
A con of this candlestick pattern is that like all technical tools, this
candlestick pattern too can generate false trading signals.
7. Doji
Doji candlestick pattern occurs when the price of a stock opens and
closes at almost the same level. Doji candlestick patterns become very
easy to spot as it has an almost non-existent body.
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This candlestick pattern signals that there is indecision between buyers

and sellers. A doji can be formed at the top as well as the bottom of a
price chart. Meaning, it signals a potential reversal depending on which
side of the chart it has formed.
Doji is a very simple pattern to spot because of its structure. You just
have to look for a candlestick pattern that has a very small or no body at
all.
The pros of this candlestick pattern are that it signals an early sign of a
potential trend reversal and that it is very easy to spot on a naked chart.
The con of a doji is that it can be formed multiple times on a price chart
and create confusion for a trader. Also, it can also generate false trading
signals.
8. Gravestone Doji
Gravestone doji candlestick pattern indicates a potential bearish trend
reversal. Gravestone doji is generally formed at the top of the price chart.
Traders interpret this pattern as a sign to take a bearish trade in the
underlying stock.
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Gravestone doji essentially tells us that buyers were trying to take the
market higher but eventually sellers took control of the market. The long
wick on the upper side of this candle shows that buyers have lost the
momentum.
Gravestone doji can be spotted at the top of a price chart. A candle

having a long wick on its upper side with the price opening and closing
at nearly the same level is identified as the gravestone doji.
The pros of gravestone doji are that it signals a potential bearish trend
reversal and it can also be easily identified on the naked chart.
Gravestone doji can also be used with the combination of other technical
indicators.
The cons of this candlestick pattern are that it can generate false trading
signals and the formation of the gravestone doji has become very rare.
9. Dragonfly Doji
Dragonfly doji candlestick pattern indicates a potential bullish trend
reversal. Dragonfly doji is generally formed at the bottom of the price
chart. Traders interpret this pattern as a signal to take a bullish trade in
the underlying stock.
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Dragonfly doji tells us that the sellers were pushing the market on the
lower side but they eventually lost control to increasing buying pressure.
The long wick on the lower side of this candle shows the strength of
buyers on that particular price level.
Dragonfly doji can be spotted at the bottom of a price chart. You will just
have to look for a candle having a long wick on its lower side with the
price opening and closing at nearly the same level.
The pros of dragonfly doji are that it gives trades an early signal of a
potential bullish trend reversal and it can also be identified easily on the
naked chart. This candlestick pattern becomes more effective when
used with the combination of other technical tools.
The con of this candlestick pattern is that it can generate false trading
signals.
10. Three Outside Up

The three outside up candlestick pattern is a bullish reversal pattern
which is formed at the bottom of the price chart. Three outside up
patterns are formed when the first candle is bearish followed by a long
bullish candle which covers the bearish candle from both sides and
lastly, the third candle which breaks and closes above the 2nd candle’s
high.
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Three outside up patterns is a strong bullish pattern which indicates that

the bears tried to take the market further down but were defeated by
immense buying pressure. This pattern also signals a potential
bottoming out of the market.
This candlestick pattern is spotted on the bottom of the chart. Spotting

this pattern is very easy. You just have to look for 3 candles in a
sequence where –
1. The first candle is a bearish candle looking to continue the

established trend
2. The second candle is a strong bullish candle which covers both the
highs and lows of the first candle
3. The third candle resumes the new trend by breaking above the
second candle’s high
The pros of this candlestick pattern is that it is a strong reversal pattern

which has a high probability rate and it is also easier to spot on the price
chart.
The con of the three outside up candlestick patterns is that like all
technical tools, it can generate false trading signals.
11. Three Inside Down

The three inside down candlestick pattern is a bearish reversal pattern
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inside down patterns
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are formed when the first candle is bullish followed by a long bearish
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Three inside down pattern is a strong bearish pattern which shows that
the bulls tried to take the market further up but lost against immense
selling pressure. This pattern also signals a potential top in the making.
This candlestick pattern is spotted on the top of the price chart. Spotting
three inside down candlestick pattern is very easy.
The pros of this candlestick pattern is that it is a strong reversal pattern

which has a high probability rate and it is also easier to spot on the
naked chart.
The con of the three inside down candlestick pattern is that like all
technical tools, it can too generate false trading signals.
12. Long Legged Doji

A long legged doji pattern resembles the indecision between the market
participants. A long legged doji pattern can form at the top of the chart
as well as the bottom of the chart.
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A long legged doji leaves long wicks on both of its sides and the price
opens and closes at nearly the same price. This pattern signals that the
buyers and sellers are evenly matched and there is no confirmation of
the future trend.
Long legged doji can be easily spotted on a naked chart. This

candlestick pattern has a long wick on both of its sides and is very small
or no body at all.
The pro of this pattern is that it is a strong signal of market indecision. It

tells traders to stop their trading till the market is in a clear trend.
The cons of this pattern are that it can provide false trading signals and
it creates confusion between the traders.
13. Hanging Man

Hanging man candlestick pattern is a bearish trend reversal pattern.
Hanging man pattern is formed at the top of the price chart. The pattern
has a long wick on the downside but little to no wick on the upper side of
the candle.
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Hanging man indicates that the buyers are slowing down and sellers
have entered the market. Sellers have started to take positions and the
market can potentially start going downwards from this level.
Hanging man can be spotted after a bullish rally near the top of the price
chart. Hanging man is easier to spot because of its structure.
The pro of this candlestick pattern is that it is a very strong indication of

a potential trend reversal.
The con of hanging man is that it generates false trading signals.
14. Double Candlestick Patterns

Double candlestick patterns are the patterns that are formed by two
consecutive candlesticks. Double candlestick patterns can be bullish as
well as bearish. The location of these patterns on the price chart
determines the direction of these patterns.
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A bullish example of this candlestick pattern can be a bullish engulfing

candlestick pattern. And similarly, a bearish example of this pattern can
be a bearish engulfing candlestick pattern.
These candlestick patterns can be formed on either side of the chart.

They are easy to spot on a naked price chart.
The pros of these patterns are that they are easy to spot on the price
chart and the probability rate of these patterns are high.
The con of double candlesticks patterns is that they can still generate
false trading signals.
15. Bullish Kicker

The bullish kicker pattern is a candlestick pattern where a bearish candle
is immediately followed by a strong bullish candle. The bullish kicker
pattern forms when the bullish candle gaps up, breaks and closes above
the previous bearish candle’s high.
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Bullish kicker pattern indicates that the buyers have made a comeback
with a strong desire to push the prices further up. This pattern also
represents the quick sentiment shift of the market participants.
The bullish kicker candlestick pattern can be easily spotted on the naked
price chart at bottom.
The pros of this pattern are that it is a very strong pattern and it is also
supported by strong amounts of volume most of the time.
The cons of this pattern are that the bullish kicker pattern does not occur
most of the times and beginner traders can confuse this pattern with the
gap-up pattern.
16. Piercing Line

Piercing line candlestick pattern is a bullish reversal pattern. Piercing line
pattern is formed when a strong bearish candle is followed by a bullish
candle which has opened below the bearish candle’s low but it closes
above the midpoint of the previous candle.
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Piercing line pattern is formed when the market experiences a bearish

day at first, but on the second day, market sentiments are quickly shifted
towards buyers and the market is rallying despite opening below
yesterday’s low.
This candlestick pattern can be found on the bottom of the price chart.
The pros of this pattern are that this candlestick pattern is strong and
easy to spot on a naked price chart.
The cons of the piercing line candlestick pattern are that its occurrence
is rare and beginners can confuse this pattern with another candlestick
pattern.
17. Bearish Kicker

The bearish kicker pattern is a candlestick pattern where a bullish candle
is quickly followed by a strong bearish candle. The bearish kicker pattern
forms when the bearish candle gaps down, breaks and closes below the
previous bullish candle’s low.
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Bearish kicker pattern indicates that the sellers are back with conviction.
This pattern also represents the quick sentiment shift of the market
participants.
The bearish kicker candlestick pattern can easily be spotted on the top
of a naked price chart.
The pros of this pattern are that it is a very strong pattern and
oftentimes, this pattern is supported by strong amounts of volume.
The cons of this pattern are that the occurrence of the bearish kicker
pattern is rare and beginner traders can end up confusing this pattern
with the gap-down pattern.
18. Dark Cloud Cover

The dark cloud cover candlestick pattern is a bearish trend reversal
pattern. Dark cloud cover pattern forms when a bullish candlestick is
followed by a bearish candle which has opened above the bullish
candle’s high but it ends up closing below the midpoint of its previous
candle.
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Dark cloud cover pattern is formed when the market experiences a

bullish day at first, but on the second day, market sentiments change
rapidly and sellers are pushing the markets down.
This candlestick pattern can be easily spotted at the top of a naked price
chart. You just have to look at a bearish candle that has opened above a
bullish candle’s high but has closed below the midpoint of its previous
candle.
The pros of this pattern are that the candlestick pattern is strong and
easy for a beginner to spot.
The cons of the dark cloud cover pattern are that its occurrence is rare
and beginners can confuse this pattern with another candlestick
pattern.
19. Bearish Harami

Bearish harami candlestick pattern is a 2-candle pattern. A bearish
harami pattern occurs when a small-body (Red) candle forms under a
bigger-body (Green) candle. This pattern usually occurs at the top of the
price chart and signals a potential bearish trend reversal.
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Bearish harami pattern indicates indecision in the market participants. It

also tells us that the buying pressure is declining and the sellers are
slowly taking control over the market.
Bearish harami candlestick patterns can be easily spotted on the top of

the price chart. Note that the bearish candle must form under the high
and low of the previous bearish candle as shown in the above diagram.
The pros of the bearish harami pattern are that it gives traders an early
signal of the potential bearish trend reversal and this pattern is easy to
spot on a naked chart.
The cons of this candlestick pattern are that it can generate a false
trading signal and it also requires some additional confirmation to
approve the authenticity of this candlestick pattern.
20. Tweezer Top

The Tweezer top candlestick pattern is a bearish reversal pattern. A
tweezer top pattern occurs when there are two or more candles having
identical highs that mark a horizontal line of resistance. This candlestick
pattern is generally formed at the top of a price chart.
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The Tweezer top pattern is looked upon as a strong bearish pattern. It

signals that the sellers are stepping in and selling from the same
resistance level. It also shows that the buyers are getting weaker and the
potential top of the market is in making.
The Tweezer top pattern can be easily spotted at the top of the price
chart.
The pros of the tweezer top pattern are that it is a strong bearish reversal
pattern which can also be used with the conjunction of other technical
indicators.
The con of this pattern is that like all other technical tools. This pattern
can also generate false trading signals.
21. Marubozu
A marubozu candlestick pattern can be bullish as well as bearish.
Morubozu candlestick pattern is formed when a candle opens at the low
or high of the previous candle and closes at the opposite end without
leaving any wicks.
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A bullish marubozu is formed when a bullish candle opens at the low of

a bearish candle and closes near the same level of its previous candle’s
high. This indicates the strength of buyers. Similarly, a bearish marubozu
is formed when a bearish candle opens at the high of a bullish candle
and closes near the same level of its previous candle’s low.
Spotting marubozu candlestick patterns is very easy. Note that this

candlestick pattern has very little to no wick at all.
The pros of this pattern are that this pattern is strong and easy for even
beginners to spot on the naked price chart.
The con of this pattern is that this pattern can get very risky to trade for
beginner traders.
22. Triple Candlestick Patterns

Triple candlestick patterns are the patterns that are formed by three
consecutive candlesticks. Triple candlestick patterns can be bullish as
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well as bearish. The location of these patterns onHow
the may
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A bullish example of this candlestick pattern can be the morning star

candlestick pattern. And similarly, a bearish example of this pattern can
be an evening star candlestick pattern.
The triple candlestick patterns can be formed on either side of the chart.
The pros of these patterns are that they are easy to spot on the naked
price chart and the probability rate of these patterns are high.
The con of triple candlestick patterns is that they can still generate false
trading signals.
23. Morning Star Doji

A morning star doji candlestick pattern is a bullish reversal pattern.
Morning star doji is made up of three candles. The first candle is a
strong bearish candle which resumes the bearish trend. The second
candle is a doji which represents the indecision of the market
participants and also shows that the selling pressure has slowed down.
The third candle is a strong bullish candle which marks the trend change
from bearish to bullish.
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Morning Star Doji is a very strong bullish reversal which shows that the
bears have lost the momentum and now the bulls have taken over and
will continue to rally the market up.
This candlestick pattern is formed at the bottom of the chart after a

downtrend. You can easily spot this three-candle pattern on a naked
chart.
The pros of this pattern are that this pattern provides a clear indication
of trend reversal and it also provides the traders with a favorable risk-to-
reward ratio.
The cons of this pattern are that this pattern can generate false trading
signals and this pattern also takes a long time to develop on the price
chart.
24. Bullish Abandoned Baby

A bullish abandoned baby is a bullish reversal pattern. The bullish
abandoned baby pattern is made up of three candles. The first is a
strong bearish candle. The second one is a doji which opens after a gap
down. The third candle is a strong bullish candle that gaps up and marks
a trend change.
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This candlestick pattern occurs very rarely. The market only reacts this
wildly when the euphoria or fear within market participants is very
strong.
Bullish abandoned baby pattern is formed at the bottom of the price

chart and is very easy to spot because of its structure.
The pros of this pattern are that the probability rate of this pattern is high
and its very easy to identify.
The con of this pattern is that the occurrence of this pattern is very rare.
25. Morning Star

A morning star candlestick pattern is a bullish reversal pattern. Morning
star pattern is made up of three candles. The first candle is a strong
bearish candle. The second candle is a doji which shows the indecision
of the market participants and also shows that the sellers are getting
weak. The third candle is a strong bullish candle which marks the trend
change.
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This candlestick pattern is a strong indication of the potential trend

reversal. Traders use this pattern to set up stop losses below the doji or
the bullish candle.
This pattern is formed at the bottom of the price chart and can be easily
spotted on the naked price chart.
The pros of this candlestick pattern are that the probability rate of this
pattern is high and it can be easily spotted on the naked chart.
The cons of this candlestick pattern are that it can still generate false
trading signals and this pattern is not that effective without the use of
any other additional technical tool.
26. Evening Star Doji

An evening star doji candlestick pattern is a bearish reversal pattern.
Evening Star Doji is made up of three candles. The first candle is a
strong bullish candle which resumes the bullish trend. The second
candle is a doji which represents the indecision of the market
participants and also shows that the buying pressure has slowed down.
The third candle is a strong bearish candle which marks the trend
change from bullish to bearish.
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Evening star doji is a very strong bearish reversal which shows that the
bulls have lost the momentum and now the bears have taken over.
This candlestick pattern is formed at the top of the chart after an

uptrend. You can easily spot this three-candle pattern on a naked chart.
The pros of this pattern are that this pattern provides a clear indication
of trend reversal and it also provides the traders with a favorable risk to
reward ratio.
The con of this pattern is that this pattern can generate false trading
signals.
27. Evening Star

An evening star candlestick pattern is a bearish reversal pattern. The
evening star pattern is made up of three candles. The first candle is a
strong bullish candle. The second candle is a doji which shows the
indecision of the market participants and also shows that the buyers are
getting weak. The third candle is a strong bearish candle which marks
the trend change.
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This candlestick pattern is a strong indication of the potential bearish

trend reversal. Traders often use this pattern to set up stop losses above
the doji’s high.
This pattern is formed at the top of the price chart and can be easily
spotted on the naked price chart.
The pros of this candlestick pattern are that the probability rate of this
pattern is high and it is easier for even beginners to spot this pattern on
the price chart.
The con of this pattern is that it can still generate false trading signals
and this pattern is not that effective without the use of any other
additional technical tool.
28. Three White Soldiers

The three white soldiers candlestick pattern is formed when the market
makes three consecutive bullish candles with higher closes. The three
white soldiers pattern is formed at the bottom of the price chart after a
bearish rally.
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In order for this pattern to be valid, each candle must open above the
previous candle’s low and close above the previous candle’s high. This
indicates the strength of the buyers.
This candlestick pattern can be spotted at the bottom of the chart right
after a bearish rally ends. It is fairly easy to spot this pattern because of
its structure.
The pros of this pattern are that the probability rate of this pattern is very
high and the structure of this candlestick pattern can be easily spotted
by even a beginner trader.
The con of this pattern is that the occurrence of this candlestick pattern
is very rare.
29. Three Black Crows

The three black crows candlestick pattern is formed when the market
makes three consecutive bearish candles with lower lows. The three
black crows pattern is formed at the top of the price chart right after a
bullish rally.
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This pattern is only valid when each candle opens below the previous
candle high and closes below the previous candle’s low. This shows the
strength of the sellers.
This candlestick pattern can be spotted at the top of the chart right after
a bullish rally. The structure of this pattern makes it easier for this
pattern to be spotted on the naked chart.
The pros of this pattern are that the probability rate of this pattern is very
high and the structure of this candlestick pattern can easily be spotted
by even a beginner trader.
The con of this pattern is that the occurrence of this candlestick pattern
is very rare.
30. Shooting Star

The shooting star candlestick pattern is a single candlestick bearish
reversal pattern. Shooting star is formed with a single candle which has
a long wick at the top and a small or no body. The shooting star pattern
is confirmed after a strong bearish candle follows the shooting star
candle.
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The long upper wick of the pattern represents that initially the buyers
were looking to take the prices further up but they eventually lost control
and the sellers are now in control.
Shooting star is very easy to spot on the naked chart because of its
structure. This pattern is formed at the top of the price chart and marks
the potential top of the market.
The pros of this pattern are that it provides the traders with clear
indication of a potential trend change and traders can also place their
stop losses at the shooting star’s high.
The cons of this pattern are that it can generate false trading signals and
it can be accurate in specific market conditions but it is not accurate in
the sideways market.
31. Bearish Abandoned Baby

A bearish abandoned baby is a bearish reversal pattern. Bearish
abandoned baby pattern is made up of three candles. The first candle is
a strong bullish candle. The second one is a doji which opens after a gap
up. The third candle is a strong bearish candle which gaps down and
marks a trend change.
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Occasions like this happen very rarely. The market only reacts this wildly
when the fear or euphoria within the market participants is at its peak.
Bearish abandoned baby pattern is formed at the top of the price chart
and is very easy to spot because of its structure.
The pros of this pattern are that the probability rate of this pattern is high
and it is very easy to identify.
32. Rising Three

The rising three candlestick pattern is a bullish continuation pattern. The
rising three pattern consists of three candles and it forms during an
uptrend. The only condition of this pattern is that the three small bearish
candles must be contained within the range of the first strong bullish
candle.
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This pattern represents a healthy bullish rally structure. The three

candles that make up this pattern are called retracement. Think of it as
buyers resting and regrouping to take the markets further up.
You can easily spot these candlestick patterns in an uptrend. The

occurrence of this candlestick is very common.
The pro of this candlestick pattern is that it provides a very clear

indication that the market will continue to go higher.
The con of this pattern is that there is no confirmation that the market
will continue to go up higher.
33. Falling Three

The falling three candlestick pattern is a bearish continuation pattern.
The falling three pattern consists of three candles and it forms during a
downtrend. The only condition of this pattern is that the three small
bullish candles must be contained within the range of the first strong
bearish candle.
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This pattern represents a healthy bearish continuation rally. The three

candles that make up this pattern are called retracement. Think of it as
sellers resting and regrouping to take the markets further down.
You can easily spot these candlestick patterns in a downtrend. The

occurrence of this candlestick is very common.
The pro of this candlestick pattern is that it provides a very clear

indication that the market will continue to go lower.
The con of this pattern is that there is no guarantee that the market will
continue to go down.
34. Three Outside Down

The three outside down candlestick pattern is a bearish reversal pattern.
Three outside down patterns consist of three candles. The first candle is
a bullish candle. The second is a strong bearish candle which totally
engulfs the previous bullish candle. The third candle closes below the
second candle’s low.
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This pattern is considered a strong bearish pattern. It indicates that the

bears are now in control of the market and the market may potentially
continue to go down.
This candlestick pattern forms at the top of the price chart and can be
spotted easily because of its structure.
The pros of this pattern are that this pattern provides a strong indication
of a market reversal and this pattern can also be easily seen on the price
chart.
The con of this pattern is that it can generate false trading signals.
35. Three Inside Up

The three inside up candlestick pattern is a bullish reversal pattern.
Three inside up pattern consists of three candles. The first candle is a
bearish candle. The second candle can be a bullish or bearish candle.
The third candle is a strong bullish candle which marks the trend
change.
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This pattern is considered as a strong bullish pattern. It indicates that

the bulls are now in control of the market and the market may potentially
continue to go up.
This candlestick pattern forms at the bottom of the price chart and can
be spotted easily because of its structure.
The pro of this pattern is that this pattern provides a clear indication of a
potential market reversal.
The con of this pattern is that it can still generate false trading signals.
36. Tri-Star
The Tri star candlestick pattern is a potential trend reversal pattern. The
tri star pattern can be bearish as well as bullish. If this pattern is formed
on the bottom of the chart, it becomes a bullish pattern and vice versa.
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The occurrence of this pattern is very rare. This candlestick pattern

shows the indecision amongst the market participants. It is better to
stay out of the market when this kind of pattern forms.
You can spot this pattern at the bottom as well as at the top of the price
chart. The way this pattern looks makes it easier for even a beginner
trader to spot it.
The pros of this pattern is that it provides a strong indication of a

potential trend change and it is also useful for traders looking for
potential entries and exits in the market.
37. Single Candlestick Patterns

Single candlestick patterns are the patterns formed that are formed by a
single candlestick. Single candlestick patterns can be bullish as well as
bearish. The location of these patterns on the price chart determines the
direction of these patterns.
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A bullish example of this candlestick pattern can be a hammer

candlestick pattern. And a bearish example of this pattern can be a
bearish engulfing candlestick pattern.
These candlestick patterns can be formed on either side of the chart.

They are easy to spot on a naked price chart.
The pros of these patterns are that they are easy to spot on the price
chart and the probability rate of these patterns are high.
The con of double candlesticks patterns is that they can still generate
false trading signals.
38. Hammer
A hammer candlestick pattern is a single candlestick pattern which
indicates a potential bullish trend reversal. A hammer is formed at the
bottom of the price chart when a candle leaves a long weak on its lower
side and has a very short or no body.
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Hammer shows that despite sellers trying really hard when the candle
opened, buyers were still able to take the market up towards the closing
of the candle. This shows the strength of the buyers. This also indicates
that the buyers are now in control.
This candlestick pattern can be easily found when the market makes a
bottom after a downtrend.
The pros of this pattern are that it provides a clear indication of a

potential trend change and it is also easy to identify.
The con of this pattern is that the reliability of this pattern is low
compared to other candlestick patterns.
39. Inverted Hammer

The inverted hammer candlestick pattern is a single candle pattern
generally formed after a downtrend. The inverted hammer looks like the
upside-down version of the hammer candlestick pattern.
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This inverted hammer pattern indicates a potential trend change from

bearish to bullish. This pattern shows that despite seller intervention,
buyers were still able to hold the level.
This pattern can be spotted at the bottom of the price chart.
The pros of this pattern are that it provides a strong indication of the
potential trend change and it is also easy to identify on the naked chart.
The con of this pattern is that the reliability of this solo candlestick
pattern is low.
How to read candlestick patterns?

The art of reading candlestick patterns effectively improves over time.
Reading candlestick patterns is a key for successfully analyzing price
charts. Following 3 steps will help you in reading candlestick patterns
appropriately –
1. Select your timeframe –
Choosing the timeframe on which you analyze the markets is very

important. If you are a beginner, it is recommended that you should start
with bigger timeframes such as daily or hourly.
2. Identify and analyze the candlestick pattern –
You must first learn about all candlestick patterns. After doing so, start
with just looking at the price charts. Look at each candle one by one. If
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you come across a familiar candlestick pattern, mark Online!
pattern and try
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to identify the name and characteristics of that candlestick pattern.
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3. Take other confirmations as well –
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Mixing one technical tool with another is an age-old practice in the

trading world. Many traders use additional technical tools to further
confirm trading signals received via candlestick patterns. Some
examples of the indicators that traders use are Volume, RSI (Relative
strength index) and MACD (Moving average convergence divergence).
What is the most powerful Type of Candlestick

Pattern?
There is no single most powerful candlestick pattern. Choosing the most
powerful candlestick pattern is very subjective. You must try
experimenting with different candlestick patterns and decide which
works for you the best on your own.
What Type of Candlestick Pattern is the best?

There is no single best candlestick pattern. Deciding the best
candlestick pattern can get subjective. You should try using different
types of candlestick patterns and trade with the one which you think is
the best.
What Type of Candlestick Pattern is the Most

Profitable?
There is no such thing as a single most profitable candlestick pattern.
You must experiment with different types of candlestick patterns and
trade with the one which you find the most profitable.
Which Type of Candlestick Pattern is the Strongest?

While there are many strong candlestick patterns, choosing any one of
them can get subjective. You should try out trading different candlestick
patterns and combine them with additional technical tools to find out the
strongest candlestick pattern for your trading style.
Are the Types Candlestick Patterns accurate?

No, Any candlestick pattern or technical tool can never be 100%
accurate. However, you can increase the percentage of accuracy of a
trading setup by combining it with additional technical tools. You can
combine candlestick patterns with technical tools such as volume, RSI
(Relative strength index) and MACD (Moving average convergence
divergence). We're Online!
📈Are Candlestick Patterns⚡reliable?
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Yes, candlestick patterns are reliable. Candlestick patterns are perhaps

the best technical tool to track the price of a specific stock or
commodity.
Arjun Remesh
HEAD OF CONTENT
Arjun is a seasoned stock market content expert with over 7 years

of experience in stock market, technical & fundamental analysis.
Since 2020, he has been a key contributor to Strike platform. Arjun
is an active stock market investor with his in-depth stock market
analysis knowledge. Arjun is also an certified stock market
researcher from Indiacharts, mentored by Rohit Srivastava.
Shivam Gaba
REVIEWER OF CONTENT
Shivam is a stock market content expert with CFTe certification.

He is been trading from last 8 years in indian stock market. He has
a vast knowledge in technical analysis, financial market education,
product management, risk assessment, derivatives trading &
market Research. He won Zerodha 60-Day Challenge thrice in a
row. He is being mentored by Rohit Srivastava, Indiacharts.
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4/9/24, 5:24 PM 39 Different Types of Candlesticks Patterns

39 Different Types of Candlesticks

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39 Different types of candlesticks patterns is a list of candlestick

Candlestick patterns offer a visual representation of how the forces of

Candlestick patterns were first used in Japan in the 17th century.

One of the reasons why candlestick patterns are accepted by traders

A beginner trader can also benefit from using candlestick patterns as

sellers. Bullish engulfing pattern is made at the bottom of a price chart

Bullish engulfing candlestick pattern can be identified when a small red

2. Bullish Spinning Top

Bullish spinning top shows the indecision of the market participants.

Bullish spinning top is spotted on the bottom of a chart. It leaves a long

The cons of this candlestick pattern are that compared to other

3. Bearish Spinning Top

Bearish spinning top is spotted on the upside of a price chart. It leaves a

Bullish harami pattern indicates confusion in the market participants. It

Bullish harami candlestick patterns can easily be spotted on the bottom

The Tweezer bottom pattern is looked upon as a strong bullish pattern. It

Tweezer bottom pattern can be easily spotted on the bottom of a price

This candlestick pattern signals that there is indecision between buyers

Gravestone doji can be spotted at the top of a price chart. A candle

10. Three Outside Up

Three outside up patterns is a strong bullish pattern which indicates that

This candlestick pattern is spotted on the bottom of the chart. Spotting

1. The first candle is a bearish candle looking to continue the

The pros of this candlestick pattern is that it is a strong reversal pattern

11. Three Inside Down

The pros of this candlestick pattern is that it is a strong reversal pattern

12. Long Legged Doji

Long legged doji can be easily spotted on a naked chart. This

The pro of this pattern is that it is a strong signal of market indecision. It

13. Hanging Man

The pro of this candlestick pattern is that it is a very strong indication of

The con of hanging man is that it generates false trading signals.

14. Double Candlestick Patterns

A bullish example of this candlestick pattern can be a bullish engulfing

These candlestick patterns can be formed on either side of the chart.

15. Bullish Kicker

16. Piercing Line

Piercing line pattern is formed when the market experiences a bearish

17. Bearish Kicker

18. Dark Cloud Cover

Dark cloud cover pattern is formed when the market experiences a

19. Bearish Harami

Bearish harami pattern indicates indecision in the market participants. It

Bearish harami candlestick patterns can be easily spotted on the top of

20. Tweezer Top

The Tweezer top pattern is looked upon as a strong bearish pattern. It

A bullish marubozu is formed when a bullish candle opens at the low of

Spotting marubozu candlestick patterns is very easy. Note that this

22. Triple Candlestick Patterns

A bullish example of this candlestick pattern can be the morning star

23. Morning Star Doji

This candlestick pattern is formed at the bottom of the chart after a

24. Bullish Abandoned Baby

Bullish abandoned baby pattern is formed at the bottom of the price

25. Morning Star

This candlestick pattern is a strong indication of the potential trend

26. Evening Star Doji

This candlestick pattern is formed at the top of the chart after an

27. Evening Star

This candlestick pattern is a strong indication of the potential bearish

28. Three White Soldiers