๐ฏ๏ธ Single Candle Patterns
These patterns consist of a single candlestick and indicate a potential reversal in price.
- Hammer ๐จ โ A small body with a long lower wick, signaling a potential reversal after a downtrend.
- Inverted Hammer โซ โ The opposite of a hammer, with a small body and a long upper wick, indicating reversal.
- Maribozu ๐ข โ A strong bullish candle with no wicks, showing strong buying pressure.
- Dragonfly Doji ๐ โ A doji with a long lower wick, showing potential bullish reversal.
- Spinning Top ๐ โ A small-bodied candle with long upper and lower wicks, indicating market indecision.
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๐ฏ๏ธ๐ฏ๏ธ Two Candle Patterns
These patterns involve two candlesticks and indicate potential trend reversals.
- Bullish Engulfing ๐ข๐ด โ A small red candle followed by a large green candle that completely engulfs it, signaling bullish momentum.
- Piercing Line โ๏ธ โ A red candle followed by a green candle that closes above the midpoint of the first candle, indicating bullish reversal.
- Tweezer Bottom โ๏ธ โ Two candles with nearly identical lows, showing strong support and reversal.
- Bullish Harami ๐คฐ โ A large red candle followed by a small green candle inside its body, indicating a potential reversal.
- Bullish Kicker ๏ฟฝ โ A sudden large green candle after a red candle, indicating a strong reversal.
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๐ฏ๏ธ๐ฏ๏ธ๐ฏ๏ธ Three Candle Patterns
These patterns involve three candlesticks and signal stronger trend reversals or continuations.
- Three White Soldiers ๐๐๐ โ Three consecutive green candles, indicating a strong bullish trend.
- Morning Star ๐ โ A red candle, followed by a small indecisive candle (doji), and then a large green candle, signaling reversal.
- Morning Doji Star ๐ โ Similar to the Morning Star but with a doji as the second candle, indicating strong reversal.
- Three Inside Up ๐ โ A Bullish Harami pattern followed by another green candle, confirming a bullish move.
- Three Outside Up ๐ โ A Bullish Engulfing pattern followed by another green candle, confirming bullish strength.
- Three Line Strike โก โ Three consecutive green candles followed by a red candle that doesnโt negate the previous trend, confirming bullish continuation.
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๐ Overall Interpretation
This chart is useful for traders and investors to identify potential bullish market movements and trend reversals. These candlestick formations help predict price action and market psychology.
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