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015 Comprehensive List of Candlestick Patterns

This document provides descriptions and interpretations of over 40 candlestick patterns used in technical analysis of financial markets. The patterns include bullish and bearish reversal signals like hammer, hanging man, morning star and evening star as well as continuation patterns like rising and falling windows. Doji patterns and three line strike patterns are also explained.

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1K views9 pages

015 Comprehensive List of Candlestick Patterns

This document provides descriptions and interpretations of over 40 candlestick patterns used in technical analysis of financial markets. The patterns include bullish and bearish reversal signals like hammer, hanging man, morning star and evening star as well as continuation patterns like rising and falling windows. Doji patterns and three line strike patterns are also explained.

Uploaded by

amitkumarjha2014
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Comprehensive List of Candlestick

Patterns
Candlestick Patterns

INVEXSTAR FINANCIAL SERVICES


Hammer
Pattern: A small body near the high with a long lower wick with little or no upper wick.

Interpretation: A bullish pattern during a downtrend.

Hanging Man
Pattern: A small body near the high with a long lower wick with little or no upper wick.
The lower wick should be several times the height of the body.
Interpretation: A bearish pattern during an uptrend.

Inverted Black Hammer


Pattern: An upside-down hammer with a black body.

Interpretation: A bottom reversal signal with confirmation the next trading bar.

Inverted Hammer
Pattern: An upside-down hammer with a white or black body.

Interpretation: A bottom reversal signal with confirmation the next trading bar.
Long Legged Doji
Pattern: A Doji pattern with long upper and lower wicks.

Interpretation: A top reversal signal.

Long Lower Shadow


Pattern: A candlestick with a long lower wick with a length equal to or longer than
the range of the candlestick.
Interpretation: A bullish signal.

Long Upper Shadow


Pattern: A candlestick with an upper wick that has a length equal to or greater than the
range of the candlestick.

Interpretation: A bearish signal.

Morning Doji Star


Pattern: A large black body followed by a Doji that gaps below the balck body.
The next candlestick is a white body that closes 50% or more into the
Black body.
Interpretation: A bottom reversal signal.
Morning Star
Pattern: A large black body followed by a small body that gaps below the balck
body. The following candlestick is a white body that closes 50% or more
into the black body.
Interpretation: A bottom reversal signal.

On Neck-Line
Pattern: In a downtrend, a black candlestick is followed by a small white
candlestick with its close near the low of the black candlestick.

Interpretation: A bearish pattern where the market should move lower when the
white candlestick’s low is predicted by the next bar.

Piercing Line
Pattern: A black candlestick followed by a white candlestick that opens lower
than the back candlestick’s low , but closes 50% or more into the black
body.
Interpretation: A bottom reversal signal.

Engulfing Bullish Line


Pattern: A small black body followed by and continued within a large white body.
Interpretation: A bottom reversal signal.
Evening Doji Star
Pattern: A large white body followed by a Doji that gaps above the white body.
The third candlestick is a black body that closes 50% or more into the
white body.
Interpretation: A top reversal signal, more bearish than the regular evening star pattern.

Evening Star
Pattern: A large white body followed by a small body that gaps above the white
body. The third candlestick is a black body that closes 50% or more
into the white body.
Interpretation: A top reversal signal.

Falling Window
Pattern: A gap or “window” between the low of the first candlestick and the high
of the second candlestick.
Interpretation: A rally to the gap is highly probable. The gap should provide resistance.

Gravestone Doji
Pattern: The open and close are at the low of the bar.
Interpretation: A top reversal signal. The longer the upper wick, the more bearish the
signal.
Rising Window
Pattern: A gap or “window” between the high of the first candlestick and
the low of the second candlestick.
Interpretation: A selloff to the gap is highly likely. The gap should provide support.

Separating Lines
Pattern: In an uptrend, a black candlestick is followed by a white candlestick
with the same opening price.
Uptrend
In a downtrend, a white candlestick is followed by a black candlestick
with the same opening price.
Interpretation: A continuation pattern. The prior trend should resume.

Downtrend

Shaven Bottom
Pattern: A candlestick with no lower wick.
Interpretation: A bottom reversal signal conformed by the next trading bar.

Shaven Head
Pattern: A candlestick with no upper wick.
Interpretation: A bullish pattern during a downtrend and a bearish pattern during an
uptrend.
Shooting Star
Pattern: A candlestick with a small body, long upper wick and little or no lower
wick.
Interpretation: A bearish pattern during an uptrend.

Bullish Harami Cross


Pattern: Doji contained within a large black body.
Interpretation: A bottom reversal pattern.

Dark Cloud Cover


Pattern: A long white body followed by a black body. The following black
candlestick opens higher than the white candlestick’s high and
closes at least 50% into the white candlestick’s body.
Interpretation: A bearish reversal signal during an uptrend.

Doji
Pattern: The open and close are the same.
Interpretation: Dojis are usually components of many candlestick patterns. This
candlestick assumes more importance the longer the vertical line.
Doji Star
Pattern: A Doji which gaps above or below a white or black candlestick.
Interpretation: A reversal signal confirmed by the next candlestick (e.g. a long white
candlestick would confirm a reversal up).

Engulfing Bearish Line


Pattern: A small white body followed by and contained within a large black
body.
Interpretation: A top reversal signal.

Spinning Top
Pattern: A candlestick with a small body. The size of the wicks is not critical.
Interpretation: A neutral pattern usually associated with other formations.

Three Black Crows


Pattern: Three long black candlesticks with consecutively lower closes that
close near their lows.
Interpretation: A top reversal signal.
Three White Soldiers
Pattern: Three white candlesticks with consecutively higher closes that close
near their highs.
Interpretation: A bottom reversal signal.

Tweezer Bottoms
Pattern: Two or more candlesticks with matching bottoms. The size or color
of the candlestick does not matter.
Interpretation: Minor reversal signal.

Tweezer Tops
Pattern: Two or more candlesticks with similar tops.

Interpretation: A reversal signal.

White Body
Pattern: A candlestick formed when the closing price is higher than the
opening price.

Interpretation: A bullish signal.

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