#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.