Articles
There are many candlestick pattern that you can use in your trading, the reason they are so popular is because they illustrate a great deal of information.
They are clear to see patterns emerging and therefore they are fairly easy to use and interpret to what they represent or indicate. Here is a recap of the most common patterns used:
Name | No. of candles | Indicator |
Bearish Engulfing | 2 | Bearish, Reversal |
Bullish Engulfing | 2 | Bullish, Reversal |
Hammer | 1 | Bullish, Reversal |
Inverted Hammer | 1 | Bullish, Reversal |
Hanging Man | 1 | Bearish, Reversal |
Doji | 1 | Uncertainty, Indecision |
Gravestone Doji | 1 | Bearish |
Morning Star | 3 | Bullish, Reversal |
Evening Star | 3 | Bearish, Reversal |
Shooting Star | 2 | Bearish, Reversal |
Three Black Crows | 3 | Bearish, Reversal |
Three White Soldiers | 3 | Bullish, Reversal |
Dark Cloud Cover | 2 | Bearish, Reversal |
Piercing line | 2 | Bullish, Reversal |
Bullish Harami | 2 | Bullish, Reversal |
Bearish Harami | 2 | Bearish, Reversal |
Tweezer Top | 2 | Bearish, Reversal |
Tweezer Bottom | 2 | Bullish, Reversal |
Spinning Top | 2 | Uncertainty, Indecision |
Maruboza white | 1 | Bullish |
Maruboza Black | 1 | Bearish |
Gap Up | 2 | Bullish |
Gap Down | 2 | Bearish |
