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Candlestick Patterns Study Guide

The document is a study guide on candlestick patterns used in trading, categorizing them into bullish, bearish, neutral, and reversal signals. Each pattern includes specific rules for buying or selling based on confirmation and market conditions. Key patterns include Hammer, Inverted Hammer, Bullish Engulfing, and various others that indicate market trends and potential reversals.

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sema10334
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2 views2 pages

Candlestick Patterns Study Guide

The document is a study guide on candlestick patterns used in trading, categorizing them into bullish, bearish, neutral, and reversal signals. Each pattern includes specific rules for buying or selling based on confirmation and market conditions. Key patterns include Hammer, Inverted Hammer, Bullish Engulfing, and various others that indicate market trends and potential reversals.

Uploaded by

sema10334
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 Study Guide

Pattern Top/Bottom Signal Rule

Hammer Bottom Bullish Buy above high after confirmation

Inverted Hammer Bottom Bullish Buy on confirmation

Bullish Engulfing Bottom Bullish Buy above engulfing high

Piercing Line Bottom Bullish Buy after confirmation

Morning Star Bottom Bullish Buy after third candle

Three White Soldiers Bottom Bullish Buy with volume

Tweezer Bottom Bottom Bullish Buy on breakout

Dragonfly Doji Bottom Bullish Wait confirmation

Hanging Man Top Bearish Sell below low

Shooting Star Top Bearish Sell below low

Bearish Engulfing Top Bearish Sell after confirmation

Dark Cloud Cover Top Bearish Sell below low

Evening Star Top Bearish Sell after third candle

Three Black Crows Top Bearish Sell with volume

Tweezer Top Top Bearish Sell on breakdown

Gravestone Doji Top Bearish Wait confirmation

Doji Either Neutral Wait confirmation

Spinning Top Either Neutral Wait confirmation

Marubozu Bullish Trend Bullish Follow trend

Marubozu Bearish Trend Bearish Follow trend

Harami Either Reversal Confirm first

Harami Cross Either Reversal Confirm first

Abandoned Baby Top/Bottom Reversal Confirm gap

Rising Three Methods Trend Bullish Trend continuation

Falling Three Methods Trend Bearish Trend continuation

Hammer Bottom Bullish Buy above high after confirmation

Inverted Hammer Bottom Bullish Buy on confirmation

Bullish Engulfing Bottom Bullish Buy above engulfing high

Piercing Line Bottom Bullish Buy after confirmation

Morning Star Bottom Bullish Buy after third candle

Three White Soldiers Bottom Bullish Buy with volume

Tweezer Bottom Bottom Bullish Buy on breakout

Dragonfly Doji Bottom Bullish Wait confirmation

Hanging Man Top Bearish Sell below low

Shooting Star Top Bearish Sell below low

Bearish Engulfing Top Bearish Sell after confirmation


Dark Cloud Cover Top Bearish Sell below low

Evening Star Top Bearish Sell after third candle

Three Black Crows Top Bearish Sell with volume

Tweezer Top Top Bearish Sell on breakdown

Gravestone Doji Top Bearish Wait confirmation

Doji Either Neutral Wait confirmation

Spinning Top Either Neutral Wait confirmation

Marubozu Bullish Trend Bullish Follow trend

Marubozu Bearish Trend Bearish Follow trend

Harami Either Reversal Confirm first

Harami Cross Either Reversal Confirm first

Abandoned Baby Top/Bottom Reversal Confirm gap

Rising Three Methods Trend Bullish Trend continuation

Falling Three Methods Trend Bearish Trend continuation

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