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No Topic Page No
1 Other Candlestick Patterns 1

2 Magic of Candlestick patterns 6

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Copyright: Maan Trading Academy, Rajkot Page No: 1 Date:12082023 Rev01

Other Candlestick Patterns:

Tweezer: The tweezer candlestick pattern consists of two identical candles (can be
neutral, solid green or red candlestick). It has more significant if found on the top or

bottom of the trend.

Three white soldiers: is made of three solid green bullish candles.

Indicates strong up trend. The candlesticks should have big bodies and
very small (or no) wicks.

Three black crows: is made of three solid Red bearish candles.

Indicates strong down trend. The candlesticks should have big bodies
and very small (or no) wicks.

Copyright: Maan Trading Academy, Rajkot Page No: 2 Date:12082023 Rev01

Harami candlestick pattern: The bullish Harami candlestick formation is a
trend reversal pattern that occurs at the end of a downward trend and signals a
buying opportunity.

The name “Harami” comes from Japanese and means pregnant since the
formation is similar in appearance to a pregnant woman. There are two types
of Harami candle patterns, the bullish and bearish Harami candlestick pattern.

Bullish Harami candlestick pattern consists of a long bearish candlestick,

followed by a bullish candlestick with a small body. Second candle is totally
inside of the first candle.

Bearish Harami candlestick pattern consists of a long Bullish candlestick,

followed by a Bearish candlestick with a small body. Second candle is totally
inside of the first candle.

Copyright: Maan Trading Academy, Rajkot Page No: 3 Date:12082023 Rev01

A Marubozu is a single candlestick pattern has big body with small or no wicks.
It signals a strong price action as buyers or sellers dominate the session.
Marubozu is Japanese word used for Dominance, also means shaved head or
bald head, which is shown in the formation of the Marubozu candle pattern that
has no shadows.

Copyright: Maan Trading Academy, Rajkot Page No: 4 Date:12082023 Rev01

Dark Cloud Cover: is bearish two candlestick pattern. In this pattern, the first
candle must be green (bullish) and the second candle has to be red (bearish). The
second red candle must open higher than the first green candle and cover at list
50 % body of first Green bullish candle. And it is good if we found in uptrend on
the top for bearish reversal pattern.

Hanging man on the Top has a small real body and a long lower shadow
(Hammer on the top). It has more significant if found on the top of the
trend. It is a bearish reversal pattern

Shooting star pattern is a single candlestick that appears on the top

after upward trends. It is a bearish reversal pattern has a small real body
and a long upper shadow (Inverted Hammer on the top).

Hammer at bottom is single candlestick that appears on the Bottom

after downward trends. It is a bullish reversal pattern has a small real
body and a long lower shadow (Hammer at bottom).

Copyright: Maan Trading Academy, Rajkot Page No: 5 Date:12082023 Rev01

Magic of Candlestick Patterns:

When we combine candlestick patterns, it can form another one, which

gives you clarity to what is going on in the markets. This approach
allows for a more comprehensive analysis of price action and enhances
the understanding of potential trend reversals or continuations.

After combining two or three candlesticks, we found majority of bullish

candles are like Hammer, while majority of bearish candles are inverted
hammer or Shooting Star.

Copyright: Maan Trading Academy, Rajkot Page No: 6 Date:12082023 Rev01

Copyright: Maan Trading Academy, Rajkot Page No: 7 Date:12082023 Rev01
Copyright: Maan Trading Academy, Rajkot Page No: 8 Date:12082023 Rev01