🕯️ Single Candle Patterns
These patterns consist of a single candle and indicate a potential price reversal.
- Hammer 🔨 – A small body with a long lower shadow, signaling a potential reversal after a downtrend.
- Inverted Hammer ⏫ – The opposite of a hammer, with a small body and a long upper shadow, indicating reversal.
- Marubozu 🟢 – A strong bullish candle without shadows, showing strong buying pressure.
- Dragonfly Doji 🐉 – A doji with a long lower shadow, showing potential for bullish reversal.
- Spinning Top 🌀 – A small-bodied candle with long upper and lower shadows, indicating indecision in the market.
🕯️🕯️ Two Candle Patterns
These patterns involve two candles and indicate potential trend reversals.
- Bullish Engulfing 🟢🔴 – A small red candle followed by a large green candle that completely engulfs it, signaling bullish momentum.
- Piercing Line ↗️ – A red candle followed by a green candle that closes above the midpoint of the first candle, indicating bullish reversal.
- Tweezer Bottom ✂️ – Two candles with nearly identical lows, showing strong support and reversal.
- Bullish Harami 🤰 – A large red candle followed by a small green candle within its body, indicating a potential reversal.
- Bullish Kicker � – A sudden large green candle after a red candle, indicating a strong reversal.
🕯️🕯️🕯️ Three Candle Patterns
These patterns involve three candles and signal stronger trend reversals or continuations.
- Three White Soldiers 💂💂💂 – Three consecutive green candles, indicating a strong bullish trend.
- Morning Star 🌟 – A red candle, followed by a small indecisive candle (doji), and then a large green candle, signaling reversal.
- Morning Doji Star 🌠 – Similar to the Morning Star, but with a doji as the second candle, indicating a strong reversal.
- Three Inside Up 📈 – A Bullish Harami pattern followed by another green candle, confirming an upward movement.
- Three Outside Up 🚀 – A Bullish Engulfing pattern followed by another green candle, confirming bullish strength.
- Three Line Strike ⚡ – Three consecutive green candles followed by a red candle that does not negate the previous trend, confirming a bullish continuation.
📊 General Interpretation
This chart is useful for traders and investors to identify potential bullish market movements and trend reversals. These candle formations help predict price action and market psychology.
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