Here are some different types of candle patterns ¹:

- *Bullish Engulfing*: This pattern indicates that buyers are in control and that
the number of buyers outweigh the number of sellers. This 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.

- *Bullish Spinning Top*: This pattern indicates a potential trend reversal from
downtrend to uptrend. This pattern can be identified when the candle opens and
closes near the same price but experiences wild price movements on both its upper
and lower sides.

- *Bearish Spinning Top*: This pattern indicates a potential trend reversal from
uptrend to downtrend. This pattern can be identified when the candle opens and
closes almost at the same price but experiences wild price movements on both its
upper and lower sides.

- *Bullish Harami*: This 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.

- *Tweezer Bottom*: This 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 and signals that the buyers are
stepping in and buying from the same level.

- *Bearish Engulfing*: This pattern indicates that sellers have taken control over
the market and that the number of sellers outweigh 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.

- *Doji*: This pattern occurs when the price of a stock opens and closes at almost
the same level. This pattern signals that there is indecision between buyers and
sellers and can be formed at the top as well as the bottom of a price chart.

- *Gravestone Doji*: This pattern indicates a potential bearish trend reversal.

This pattern is generally formed at the top of the price chart and tells us that
buyers were trying to take the market higher but eventually sellers took control of
the market.

- *Dragonfly Doji*: This pattern indicates a potential bullish trend reversal. This
pattern is generally formed at the bottom of the price chart and tells us that
sellers were pushing the market on the lower side but they eventually lost control
to increasing buying pressure.

- *Three Outside Up*: This pattern is a bullish reversal pattern which is formed at
the bottom of the price chart. This pattern is 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 second
candle's high.

- *Three Inside Down*: This pattern is a bearish reversal pattern which is formed
at the top of the price chart. This pattern is formed when the first candle is
bullish followed by a long bearish candle that covers the bullish candle from both
sides and lastly, the third candle which breaks and closes below the second
candle's low.

- *Long Legged Doji*: This pattern resembles the indecision between the market
participants. This pattern can form at the top of the chart as well as the bottom
of the chart. This pattern leaves long wicks on both of its sides and the price
opens and closes at nearly the same price.

- *Hanging Man*: This pattern is a bearish trend reversal pattern. This pattern is
formed at the top of the price chart and has a long wick on the downside but little
to no wick on the upper side of the candle.

- *Double Candlestick Patterns*: These patterns are formed by two consecutive

candlesticks. These patterns can be bullish as well as bearish. The location of
these patterns on the price chart determines the direction of these patterns.

- *Bullish Kicker*: This pattern is where a bearish candle is immediately followed

by a strong bullish candle. This pattern forms when the bullish candle gaps up,
breaks and closes above the previous bearish candle's high.

- *Piercing Line*: This pattern is a bullish reversal pattern. This 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.

- *Bearish Kicker*: This pattern is where a bullish candle is immediately followed

by a strong bearish candle. This pattern forms when the bearish candle gaps down,
breaks and closes below the previous bullish candle's low.