#candlestick_patterns
🔻 Bearish Candlestick Patterns
Bearish Engulfing
What it means: Reversal pattern. A small green candle is followed by a large red candle that fully engulfs it.
Indicates: Strong selling pressure; trend may reverse to bearish.
Shooting Star
What it means: Small body, long upper wick.
Indicates: Price tried to go higher but was rejected; bearish reversal at the top of an uptrend.
Evening Star
What it means: A three-candle pattern — uptrend candle, a small indecisive candle, and a strong bearish candle.
Indicates: Trend reversal to downside.
Dark Cloud Cover
What it means: A bullish candle followed by a bearish candle that opens above and closes below the middle of the previous candle.
Indicates: Reversal sign.
🔺 Bullish Candlestick Patterns
Bullish Engulfing
What it means: A small red candle followed by a larger green candle that engulfs it.
Indicates: Buying strength; possible bullish reversal.
Hammer
What it means: Small body with long lower wick; appears at bottom of a downtrend.
Indicates: Price rejection of lower levels; bullish reversal.
Morning Star
What it means: A three-candle pattern — bearish candle, a small indecisive candle, and a strong bullish candle.
Indicates: Reversal from downtrend to uptrend.
Piercing Line
What it means: Bearish candle followed by a bullish candle that opens lower but closes more than halfway up the first candle.
Indicates: Potential bullish reversal.
🟡 Neutral / Continuation Patterns
Doji
What it means: Open and close are nearly equal.
Indicates: Indecision in the market; potential reversal or continuation depending on context.
Spinning Top
What it means: Small real body with wicks on both sides.
Indicates: Low momentum; often signals a pause or consolidation.