🕯️ Single Candle Patterns
These patterns consist of a single candlestick and indicate a possible price reversal.
- Hammer 🔨 – A small body with a long lower wick, signaling a possible reversal after a downtrend.
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- Inverted Hammer ⏫ – The opposite of a hammer, with a small body and a long upper wick, indicating a reversal.
- Marubozu 🟢 – A strong bullish candle with no wicks, showing strong buying pressure.
- Dragonfly Doji 🐉 – A doji with a long lower wick, showing a possible bullish reversal.
- Spinning Top 🌀 – A candle with a small body and long upper and lower wicks, indicating market indecision.
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🕯️🕯️ Two Candle Patterns
These patterns involve two candlesticks and indicate possible 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 a bullish reversal.
- Tweezer Bottoms ✂️ – Two candles with almost identical lows, showing strong support and reversal.
- Bullish Harami 🤰 – A large red candle followed by a small green candle within its body, indicating a possible reversal.
- Bullish Kicker � – A sudden and large green candle after a red candle, indicating a strong reversal.
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🕯️🕯️🕯️ Three Candle Patterns
These patterns involve three candlesticks and indicate 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 a 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 a bullish move.
- Three Outside Up 🚀 – A Bullish Engulfing pattern followed by another green candle, confirming bullish strength.
- Three Inside Up ⚡ – Three consecutive green candles followed by a red candle that does not negate the previous trend, confirming bullish continuity.
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📊 General Interpretation
This chart is useful for traders and investors to identify possible bullish market movements and trend reversals. These candle formations help predict price action and market psychology.
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