Scribd
Upload
16 views2 pages

18 Essential Candlestick Patterns Guide

The document outlines 18 common candlestick types used in trading, categorized into two basics (bullish and bearish candles), 12 patterns, and 4 types of Doji. Each pattern indicates potential market movements, such as reversals or continuations. The Doji types reflect market indecision and varying pressures.

Uploaded by

faheemakbar661
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
16 views2 pages

18 Essential Candlestick Patterns Guide

The document outlines 18 common candlestick types used in trading, categorized into two basics (bullish and bearish candles), 12 patterns, and 4 types of Doji. Each pattern indicates potential market movements, such as reversals or continuations. The Doji types reflect market indecision and varying pressures.

Uploaded by

faheemakbar661
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

18 Common Candlestick Types (2 Basics + 12

Patterns + 4 Doji)
Basics:
1. Bullish Candle: Price closes above open, buyers strong.
2. Bearish Candle: Price closes below open, sellers strong.

12 Patterns:
1. Hammer: Bullish reversal from downtrend.
2. Hanging Man: Bearish signal at top of uptrend.
3. Bullish Engulfing: Green candle engulfs previous red candle.
4. Bearish Engulfing: Red candle engulfs previous green candle.
5. Bullish Harami: Small green inside large red candle.
6. Bearish Harami: Small red inside large green candle.
7. Bullish Harami Cross: Red candle followed by Doji (inside).
8. Bearish Harami Cross: Green candle followed by Doji.
9. Morning Star: Red, small/Doji, then strong green.
10. Evening Star: Green, small/Doji, then strong red.
11. Three White Soldiers: Three strong green candles upward.
12. Three Black Crows: Three strong red candles downward.

4 Doji Types:
1. Standard Doji: Open = close, market indecision.
2. Dragonfly Doji: Long lower wick, bullish push.
3. Gravestone Doji: Long upper wick, bearish pressure.
4. Long-Legged Doji: Long wicks both sides, confusion.

You might also like