Candlestick Pattern Reference Guide Via Pinterest
Candlestick Pattern Reference Guide Via Pinterest
Candlestick Pattern Reference Guide Via Pinterest
Reference Guide
Candlestick patterns are an important part of Bullish Trend
any technical trader's toolkit. Originally
emerging in the early 18th century, candlestick
were used primarily by Japanese Rice Traders.
Bearish Trend
Open Closed
The use of candlesticks was later perfected by "Bull" "Bear"
Bull Pattern Candle Candle
Soku Honma and ultimately brought to America
by Steve Nison in 1991. C Continuation Pattern
Bear Pattern
R Reversal Pattern
Hammer / Inv-
Doji Marubozu
erted Hammer
Gravestone
Dragonfly
R R
White or Black Body Same Open/Close Long Day ; No Shadow
Wick 2/3 of Body Long Shadow White: Bullish
Found at Support Dark: Bearish
Bearish
Bullish
R R R
Long black followed by a Long white followed by a Opening Gap
white candle that pierces black candle that pierces Closes unchanged
more than half way. more than half way. from previous Candle
Harami Engulfing
Common Candles
Bullish Bearish Bearish
Bullish
Long Spinning Doji
R R
Day Top Small real body held Open and Close engulf
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Often opposite colors previous day
3 White 3 Black Hangman /
Soldiers Crows Shooting Star
Hangman Shooting
Star
C C R
3 strong white candles 3 strong black candles White or Black
Each with higher close Each with lower close At Resistance
Close at or near high Close at or near low Shadow 2/3 of Body
Candlestick
Wht.
Soldier Blk. Crow
Patterns
R R
2 Long Body Candles Long Dark Candle
Open gap with close www.TradeSmartU.com Gap Down
past previous open. Gap Up, Long White
C C R
Five day pattern. Outer Five day pattern. Outer Long White Candle
white candles engulf the black candles engulf the Gap Up
three middle candles. three middle candles. Gap Down, Long Blk
Bullish Rest
After Battle
Bear Rest Candle Construction
High
(Shadow)
Close Open
Body
C C
Similar to the rising 3 Similar to the falling 3
pattern. Strong bullish pattern. Strong bear Open Close
days surround spin tops. days surround spin tops.
Low
(Shadow)
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