Candlestick chart patterns are a popular tool used by traders and analysts to analyze price movements and make informed trading decisions in financial markets.
A Doji is a candlestick with approximately the same opening and closing prices, creating a thin line
A Hammer is a bullish reversal pattern characterised by a small real body near the top of the range and a long lower shadow.
The Shooting Star is a bearish reversal pattern with a small real body near the bottom of the range and a long upper shadow. It indicates a potential downward reversal.
This pattern occurs during a downtrend, where a small bearish candle is followed by a larger bullish candle that completely engulfs the previous one.
The Bearish Engulfing pattern occurs during an uptrend, with a small bullish candle followed by a larger bearish candle that engulfs the previous one.
The Morning Star is a bullish reversal pattern comprising three candles: a long bearish candle, a small candle with a lower range, and a long bullish candle.
The Evening Star is a bearish reversal pattern consisting of a long bullish candle, a small candle, and a long bearish candle. It suggests a potential bearish reversal.
An Inverted Hammer is a bullish reversal pattern with a small real body near the bottom of the range and a long upper shadow. It indicates potential upward reversal.
The Hanging Man is a bearish reversal pattern resembling the Inverted Hammer, signaling potential downward reversal.
Candlestick Pattern PDF
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