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Candle Stick Patterns Cheat Sheet

The document describes 14 candlestick patterns including double tops and bottoms, head and shoulders, rising and falling wedges, rectangles, pennants, triangles, and 3 pin and engulfing patterns. For each pattern it provides information on whether it typically forms during an uptrend or downtrend, if it acts as a reversal or continuation signal, and the predicted next market move.

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Gwenette Jackson
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We take content rights seriously. If you suspect this is your content, claim it here.
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56K views3 pages

Candle Stick Patterns Cheat Sheet

The document describes 14 candlestick patterns including double tops and bottoms, head and shoulders, rising and falling wedges, rectangles, pennants, triangles, and 3 pin and engulfing patterns. For each pattern it provides information on whether it typically forms during an uptrend or downtrend, if it acts as a reversal or continuation signal, and the predicted next market move.

Uploaded by

Gwenette Jackson
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 Pattern Name of Pattern Forms During Type of Signal Next Move How to Trade

Double Top Uptrend Reversal Down

Double Bottom Downtrend Reversal Up

Head and
Uptrend Reversal Down
Shoulders

Inverse Head and


Downtrend Reversal Up
Shoulders

Rising Wedge Downtrend Continuation Down

Rising Wedge Uptrend Reversal Down

Falling Wedge Uptrend Continuation Up

Falling Wedge Downtrend Reversal Up


Bearish Rectangle Downtrend Continuation Down

Bullish Rectangle Uptrend Continuation Up

Bearish Pennant Downtrend Continuation Down

Bullish Pennant Uptrend Continuation Up

Symmetrical
Uptrend or Downtrend Continuation or Reversal Up or Down
Triangle

Descending
Downtrend Continuation or Reversal Up or Down
Triangle

Ascending Triangle Uptrend Continuation or Reversal Up or Down

Bullish 3 Pin Downtrend Reversal Up

Bearish 3 Pin Uptrend Reversal Down


Bullish Engulfling Downtrend Reversal UP

Bearish Engulfing Uptrend Reversal DOWN

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