Strength of Single Candlestick Patterns

More Bullish Patterns

1. Marubozu

Appearance: Full green candle, no wicks.

Meaning: Strong bullish momentum throughout the session. Indicates a likely continuation of the uptrend.

2. Hammer

Appearance: Small body with a long lower wick.

Meaning: Reversal pattern after a downtrend. Suggests buyers are stepping in.

3. Inverted Hammer

Appearance: Small body with a long upper wick.

Meaning: Signals potential reversal in a downtrend. Indicates early buying interest.

4. Spinning Top (Green)

Appearance: Small body with wicks on both sides.

Meaning: Indecision in the market but slightly bullish when green.

5. Doji

Appearance: Very small or no body, with equal upper and lower wicks.

Meaning: Market indecision. Needs confirmation from the next candle.

6. Dragonfly Doji

Appearance: Long lower wick, little or no upper wick, open/close near top.

Meaning: Potential bullish reversal, especially after a downtrend.

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More Bearish Patterns

1. Marubozu (Red)

Appearance: Full red candle, no wicks.

Meaning: Strong selling pressure. Signals a continuation of the downtrend.

2. Shooting Star

Appearance: Small body with a long upper wick.

Meaning: Bearish reversal signal after an uptrend.

3. Hanging Man

Appearance: Small body with a long lower wick.

Meaning: Bearish reversal signal, especially after an uptrend.

4. Spinning Top (Red)

Appearance: Small body with wicks on both sides.

Meaning: Market indecision, slightly bearish.

5. Doji (Red)

Appearance: Same as above but with bearish context.

Meaning: Market indecision. Needs confirmation.

6. Gravestone Doji

Appearance: Long upper wick, open/close near bottom.

Meaning: Strong potential for bearish reversal.