CandlesStick Pattern's
To Learn And Trade Better
🟩 Bullish Patterns (typically indicate a potential upward move)
1. Dragonfly Doji – Indicates potential reversal at the bottom of a downtrend.
2. Hammer – Bullish reversal after a downtrend.
3. Bullish Engulfing – Large green candle completely engulfs the red one before it.
4. Piercing – Green candle opens below but closes above the midpoint of the red candle.
5. Tweezer Bottom – Two candles with similar lows suggest a reversal upward.
6. Morning Star – Three-candle pattern signaling a reversal from downtrend to uptrend.
7. Three White Soldiers – Three strong green candles in a row, indicating strong buying.
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🟥 Bearish Patterns (typically indicate a potential downward move)
1. Gravestone Doji – Shows possible top or reversal downward.
2. Inverted Hammer – Appears in uptrend; signals reversal if followed by bearish confirmation.
3. Bearish Engulfing – Red candle engulfs the previous green one; bearish sign.
4. Dark Cloud Cover – Red candle opens above and closes below the midpoint of the previous green candle.
5. Tweezer Top – Two candles with similar highs indicating a bearish reversal.
6. Evening Star – Opposite of Morning Star; signals a bearish reversal.
7. Three Dark Crows – Three long red candles show strong downward momentum.