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Candlestick Patterns

The document outlines various candlestick patterns used in trading, categorized into bullish, bearish, and continuation patterns. Bullish patterns like Hammer and Bullish Engulfing signal buying opportunities, while bearish patterns such as Shooting Star and Bearish Engulfing indicate selling opportunities. Continuation patterns, including Doji and Spinning Top, reflect market indecision and uncertainty.

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11 views2 pages

Candlestick Patterns

The document outlines various candlestick patterns used in trading, categorized into bullish, bearish, and continuation patterns. Bullish patterns like Hammer and Bullish Engulfing signal buying opportunities, while bearish patterns such as Shooting Star and Bearish Engulfing indicate selling opportunities. Continuation patterns, including Doji and Spinning Top, reflect market indecision and uncertainty.

Uploaded by

merrytube89
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

Bullish Patterns
Name: Hammer

Description: A small body near the top with a long lower wick. Appears after a downtrend, signaling

a potential reversal.

Signal: Buy

Name: Bullish Engulfing

Description: A small red candle followed by a large green candle that fully engulfs it. Indicates strong

buying pressure.

Signal: Buy

Bearish Patterns
Name: Shooting Star

Description: A small body near the bottom with a long upper wick. Appears after an uptrend,

signaling a reversal.

Signal: Sell

Name: Bearish Engulfing

Description: A small green candle followed by a large red candle that fully engulfs it. Indicates strong

selling pressure.

Signal: Sell

Continuation Patterns
Name: Doji

Description: Opens and closes at nearly the same price, indicating market indecision.

Signal: Neutral

Name: Spinning Top

Description: Small body with long upper and lower shadows. Reflects market uncertainty.
Signal: Neutral

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