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Candlestick Patterns

The document provides a quick guide to candlestick patterns, categorizing them into single, double, and triple candle patterns. Key patterns include Doji, Hammer, Bullish Engulfing, and Morning Star, each indicating potential market movements. It emphasizes the importance of combining these patterns with support/resistance, volume, and trend for improved accuracy in trading decisions.

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vandana198307
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3 views1 page

Candlestick Patterns

The document provides a quick guide to candlestick patterns, categorizing them into single, double, and triple candle patterns. Key patterns include Doji, Hammer, Bullish Engulfing, and Morning Star, each indicating potential market movements. It emphasizes the importance of combining these patterns with support/resistance, volume, and trend for improved accuracy in trading decisions.

Uploaded by

vandana198307
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Candlestick Patterns - Quick Guide

1. Single Candle Patterns

Doji - Market indecision

Hammer - Bullish reversal after downtrend

Inverted Hammer - Possible bullish reversal

Shooting Star - Bearish reversal after uptrend

Marubozu - Strong momentum candle

2. Double Candle Patterns

Bullish Engulfing - Price may go up

Bearish Engulfing - Price may go down

Piercing Pattern - Bullish reversal

Dark Cloud Cover - Bearish reversal

3. Triple Candle Patterns

Morning Star - Strong bullish reversal

Evening Star - Strong bearish reversal

Three White Soldiers - Strong uptrend

Three Black Crows - Strong downtrend

Important Tip

Always combine candlestick patterns with Support/Resistance, Volume, and Trend for better
accuracy.

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