Hammer / Inverted Hammer Hanging Man / Shooting Star Three white soldiers Three crows Bullish Harami Bearish Harami Piercing Pattern Dark Cloud Cover Tweezer Top Tweezer Top Morning Star Evening Star Bullish engulfing The bullish engulfing pattern is formed of two candlesticks. The first candle is a short red body that is completely engulfed by a larger green candle. form at the bottom of downtrends / Support levels. It covers previous candle upper & lower shadows. If appears at support levels it is a early sign of “Bullish trend reversal. Hammer & Inverted Hammer (Bullish) Hammer CandleStick A Hammer & Inverted Hammer have a short body and long lower wick It found at the bottom of the Downtrend / Support levels. The colour of the candle can be different. However Green candle indicates stronger bull market than Red Hammers. Inverse Hammer Candlestick Inverse hammer upper wick is long and lower wick is short The inverse hammer suggests that buyers will soon have control of the market. Piercing Line Candlestick The piercing line is also a two-stick pattern, made up of a long red candle, followed by a long green candle. At second day the market opens gap down and push the market upside. Second candle has to close at least 50% of the previous red candle. Strong Red candle on the previous day Green candle must close more than Half of the previous day red candle. Morning star Morning star is a Three-stick pattern. One short candle between one Red candle & one Green candle. Day 1- A long Red Candle Day 2 – A short Red / Green Candle Day 3 – A long Green Candle Three white soldiers The three white soldiers pattern occurs over three days. It forms three long Green candles with Small wicks. It’s open and close progressively higher than the previous day. It forms at the bottom of the downtrend / support levels. Bullish Harami (Pregnant) Harami is formed with two candlestick. First Candle is a Long Red candle & second is a short Green candle open & close inside the Long red candle. On day 1 of the pattern (P1), a red candle with a new low is formed. On day 2 of the pattern (P2), the market opens at a price higher than the previous day’s close. P2’s closing price is just below the previous days (P1) open price. It seems to be a pregnant – P1 Mother candle & P2 Baby Candle. Confirmation P1 – Open = 868, High = 874, Low = 810, Close = 815 P2 – Open = 824, High = 847, Low = 818, Close = 835 Bearish Engulfing The bullish engulfing pattern is formed of two candlesticks. The first candle is a short green body that is completely engulfed by a larger Red candle. form at the bottom of Uptrend/Resistance levels. It covers previous candle upper & lower shadows. If appears at Resistance levels it is a early sign of “Bearish” trend reversal. Hanging Man / Shooting Star The hanging man is the bearish equivalent of a hammer it has the same shape but forms at the end of an uptrend. It has a longer lower wick & short red body. The colour of the candle can be different. However Red candle indicates stronger Bear market than Green Hammers. Shooting Star The shooting star is the same shape as the inverted hammer but is formed in an uptrend: it has a small lower body, and a long upper wick. Usually, the market will gap slightly higher on opening and rally to an intra- day high before closing at a price just above the open – like a star falling to the ground. Evening Star Evening star is a Three-stick pattern. One short candle between one Long Green candle & one Long Red candle. Day 1- A long Green Candle Day 2 – A short Red / Green Candle Day 3 – A long Red Candle Three black crows The three black crows pattern occurs over three days. It forms three long Red candles with Small wicks / no wicks. It’s open and close progressively lower than the previous day. It forms at the bottom of the uptrend / resistance levels. Dark cloud cover The dark cloud cover candlestick pattern indicates a bearish reversal It comprises two candlesticks: a red candlestick which opens above the previous green body, and closes below its midpoint. The bearish harami The market is in an uptrend, placing the bulls in absolute control. On P1, the market trades higher and makes a new high and closes positively forming a Green candle day. On P2 the market unexpectedly opens lower & continues to trade lower to an extent where it manages to close negatively forming a red candle day. P1 – Open = 124, High = 129, Low = 122, Close = 127 P2 – Open = 126.9, High = 129.70, Low, = 125, Close = 124.80 Continuation Candlesticks
Doji (Bullish / Bearish Trend)
Spinning Top (Bullish / Bearish Trend) Three falling method (Bearish Trend) Three Rising Method (Bullish Trend) Doji