The Candlesticks help you to study the trading pattern. They help in predicting the price moment shortly. These candlestick patterns are made by joining two or more similar candlesticks.
By studying the candlestick patterns properly you can mark the direction and strength of the market.
The candlestick patterns vary according to the time frame. There are different types of charts. In hourly charts, the data about the price per hour is given. In daily charts, the price data per day is given. You must examine the candlesticks properly to study the market.
35 Powerful Candlestick Patterns Pdf
This article contains the “35 Powerful Candlestick Patterns pdf”. Find it at www.TheDarshika.com.
1. Hammer
2. Piercing Pattern
3. Bullish Engulfing
4. The Morning Star
5. Three White Soldiers
6. White Marubozu
7. Three Inside Up
8. Bullish Harami
9. Tweezer Bottom
10. Inverted Hammer
11. Three Outside Up
12. On-Neck Pattern
13. Bullish Counterattack
Bearish Candlestick Pattern
14. Hanging man
15. Dark cloud cover
16. Bearish Engulfing
17. The Evening Star
18. Three Black Crows
19. Black Marubozu
20. Three Inside Down
21. Bearish Harami
22. Shooting Star
23. Tweezer Top
24. Three Outside Down
25. Bearish Counterattack
Continuation Candlestick Patterns
26. Doji
27. Spinning Top
28. Falling Three Methods
29. Rising Three Methods
30. Upside Tasuki Gap
31. Downside Tasuki Gap
32. Mat-Hold
33. Rising Window
34. Falling Window
35. High Wave
Some of the bullish turn candle stick patterns are explained below.
- Hammer
The bullish pattern of Hammer pattern helps you to know about the return of buyers to the stock market.
- Piercing Pattern
The piercing pattern is a multiple-candle pattern. It helps the traders to place a stop loss at the low of the second candle.
- Bullish Engulfing
If a bullish candle is formed then traders must enter a long position. You can place a stop-loss.
- The Morning Star
The Morning Star indicates a bullish reversal. It is formed after the downstream.
- Three White Soldiers
Three white soldiers indicate a bullish reversal. It is formed after the downstream
- White Maruboz
White Maruboz indicates that there is a bullish turn in the market. It assists the trader in becoming cautious.
Three Inside Up, Bullish Harami, Tweezer Bottom, Inverted Hammer, Three Outside, UpOn-Neck Pattern and Bullish Counterattack are the Bulish turn candlestick patter.
Some of the Bearish Candlestick Patterns are explained below.
- Hanging man
Hanging Man is a single candlestick pattern. It appears when the prices are opened but it is pushed down by the seller.
- Dark cloud cover
One candle indicates a bullish reversal and the other indicates a bearish reversal.
- Bearish Engulfing
The first candle is bullish which shows the continuation of the trend. The second one is bearish which shows that bears are back in the market.
- The Evening Star
It is a multiple candlestick pattern. It shows the uptrend and the bearish reversal.
- Three Black Crows
It is also a multiple candlestick pattern which shows the bearish reversal. They open with real bodies
● Shooting Star
It occurs after the end of an uptrend. It indicates the bearish reversal.
Three Black Crows, Black Marubozu, Three Inside Down, Bearish Harami, Shooting Star, Tweezer Top, Three Outside Down and Bearish Counterattack are some of the Bearing turn Candlestick Patterns.
Continuation Candlestick Patterns
● Doji
This pattern occurs when the closing price and opening price of the market are almost the same.
● Spinning Top
The work of the Spinning Top is the same as that of Doji. It is comparatively larger.
● Falling Three Methods
It is a bearish pattern but not a reversal. This is 5 candle continuation pattern which shows the weak strength of the bulls to the traders.
● Rising Three Methods
This is a bullish pattern but not a reversal. It is a 5 candle continuation pattern which indicates that bears do not have enough strength to reverse the trade.
● High Wave
It is a high-wave candlestick. This neither indicates bullish nor bearish. It is there for support.
Upside Tasuki Gap, Downside Tasuki Gap, Mat-Hold, Rising Window and Falling Window are the Continuation Candlestick pattern.
Conclusion
The Candlestick patterns show you the change of price in a given period. The famous 35 Candlestick pattern is covered in the article. The Candlestick patterns are created using the opening, closing, low, and high timing of the market. You can always find the 35 Candlestick patterns pdf at www.TheDarshika.com.