Bullish Patterns (Indicate a Potential Uptrend)
1. Piercing Pattern
A red candle followed by a strong green one that closes above the midpoint of the red candle. Signals a bullish reversal at support levels.
2. Morning Star
Three candles: A red, a small-bodied (indecision), and a green. Marks a transition from a downtrend to an uptrend, stronger when the green candle has high volume.
3. Morning Doji Star
Similar to the Morning Star, but with a doji (indecision) in the middle. Confirms a bullish reversal after a downtrend.
4. Bullish Engulfing
A small red candle followed by a large green candle that engulfs the red. Indicates strong buying pressure and a potential reversal.
5. Bullish Harami
A large red candle followed by a small green candle inside its body. Suggests a potential trend reversal.
6. Bullish Harami Cross
Similar to the Bullish Harami but with a doji in the second candle. Signals indecision, often followed by a bullish reversal.
7. Three Inside Up
Three candles: A red, a small green inside the red, and a strong green. Confirms a bullish reversal.
8. Three White Soldiers
Three consecutive strong green candles. Each opens within the previous candle's body and closes higher, signaling a powerful bullish trend.
9. Bullish Doji Star
A red candle followed by a doji (indecision). A strong green candle that follows confirms a reversal.
10. Tweezer Bottoms
Two candles with similar lows at support, signaling a potential reversal.
11. Bullish Stick Sandwich
A red-green-red pattern where the middle green candle closes higher. Indicates accumulation before a bullish move.
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Bearish Patterns (Indicate a Potential Downtrend)
1. Dark Cloud Cover
A green candle followed by a red one that closes below its midpoint. Suggests a bearish reversal at resistance.
2. Evening Star
Three candles: Green, small-bodied (indecision), and red. Marks a bearish reversal at the top of an uptrend.
3. Evening Doji Star
Similar to the Evening Star but with a doji in the middle. Confirms a bearish reversal when followed by a strong red candle.
4. Bearish Engulfing
A small green candle followed by a large red candle that engulfs it. A strong bearish signal indicating trend reversal.
5. Bearish Harami
A large green candle followed by a small red candle inside its body. Suggests a potential bearish reversal.
6. Bearish Harami Cross
Similar to the Bearish Harami but with a doji in the second candle. Indicates market indecision, leading to a bearish reversal.
7. Three Inside Down
Three candles: A green, a small red inside the green, and a strong red. Confirms a bearish reversal.
8. Three Black Crows
Three consecutive strong red candles. Each opens within the previous candle’s body and closes lower, signaling a strong bearish trend.
9. Bearish Doji Star
A green candle followed by a doji (indecision). A strong red candle that follows confirms a bearish reversal.
10. Tweezer Tops
Two candles with similar highs at resistance, indicating a potential bearish reversal.
11. Bearish Stick Sandwich
A green-red-green pattern where the middle red candle closes lower. Indicates distribution before a bearish move.
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These candle patterns help traders pinpoint trend reversals and continuation points.
Here's the candle image 👇