Candlestick Patterns Trading
Uploaded by
subhamsekhar184Candlestick Patterns Trading
Uploaded by
subhamsekhar184Candlestick Patterns for Trading
Complete Candlestick Patterns with Buy/Sell Signals
Bullish Engulfing
Appears after a downtrend. A small red candle is followed by a large green candle that completely engulfs the
red one.
Buy Signal: After confirmation of the bullish candle.
Bearish Engulfing
Appears after an uptrend. A small green candle is followed by a large red candle that completely engulfs the
green one.
Sell Signal: After confirmation of the bearish candle.
Hammer
A small body with a long lower wick at the bottom of a downtrend. Indicates potential reversal.
Buy Signal: After a bullish confirmation candle.
Shooting Star
A small body with a long upper wick at the top of an uptrend. Indicates potential reversal.
Sell Signal: After a bearish confirmation candle.
Doji
Open and close prices are nearly the same. Indicates market indecision.
Watch for next candle to decide direction.
Morning Star
Candlestick Patterns for Trading
Three candles: a long red, a small-bodied candle (any color), and a long green. Indicates reversal at bottom.
Buy Signal: After green candle confirmation.
Evening Star
Three candles: a long green, a small-bodied candle (any color), and a long red. Indicates reversal at top.
Sell Signal: After red candle confirmation.
Piercing Line
Appears after a downtrend. A red candle is followed by a green candle that opens below and closes above
the midpoint of the red candle.
Buy Signal: After confirmation.
Dark Cloud Cover
Appears after an uptrend. A green candle is followed by a red candle that opens above and closes below the
