ick Pattern Reference Guide -...
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Candlestick patterns are an important part of any technical trader's toolkit. Originally emerging in the early 18th century, candlestick were used primarily by Japanese Rice Traders. The use of candlesticks was later perfected by Soku Honma and ultimately brought to America by Steve Nison in 1991. Candlestick Pattern Reference Guide Bullish Trend Bearish Trend Open "Bull" Candle Hammer / Inv- erted Hammer Bull Pattern Closed "Bear" Candle White or Black Body Wick 2/3 of Body Found at Support Bullish Piercing Long black followed by a white candle that pierces more than half way. Doji Same Open/Close Long Shadow Marubozu Long Day ; No Shadow White: Bullish Dark: Bearish Harami Small real body held within previous session Often opposite colors Counter Attack Opening Gap Closes unchanged from previous Candle Engulfing Open and Close engulf the entire price of the previous day Bear Pattern Bullish Bearish Bullish Bearish Dragonfly Gravestone Bullish Bearish Dark-Cloud Cover Long white followed by a black candle that pierces more than half way. C Continuation Pattern R Reversal Pattern R R R R R R R Common Candles Long Day Spinning Top Doji © TradeSmart University All Rights Reserved
Transcript of ick Pattern Reference Guide -...
Candlestick patterns are an important part ofany technical trader's toolkit. Originallyemerging in the early 18th century, candlestickwere used primarily by Japanese Rice Traders.The use of candlesticks was later perfected bySoku Honma and ultimately brought to Americaby Steve Nison in 1991.
Candlestick Pattern Reference Guide
Bullish Trend
Bearish TrendOpen"Bull"
Candle
Hammer / Inv-erted Hammer
Bull Pattern
Closed"Bear"Candle
White or Black BodyWick 2/3 of BodyFound at Support
BullishPiercing
Long black followed by awhite candle that piercesmore than half way.
Doji
Same Open/CloseLong Shadow
Marubozu
Long Day ; No ShadowWhite: BullishDark: Bearish
Harami
Small real body heldwithin previous sessionOften opposite colors
Counter Attack
Opening GapCloses unchangedfrom previous Candle
Engulfing
Open and Close engulfthe entire price of theprevious day
Bear Pattern
Bullish
Bearish
Bullish
Bearish
Dragonfly
Gravestone
Bullish Bearish
Dark-CloudCover
Long white followed by ablack candle that piercesmore than half way.
C Continuation Pattern
R Reversal Pattern
R R
R R R
R R
Common Candles
LongDay
SpinningTop
Doji
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White Soldier /Black Crow
2 Long Body CandlesOpen gap with closepast previous open.
MorningStar
Long Dark CandleGap DownGap Up, Long White
RisingThree
Five day pattern. Outer white candles engulf the three middle candles.
Bear Rest
Similar to the falling 3pattern. Strong beardays surround spin tops.
FallingThree
Five day pattern. Outerblack candles engulf thethree middle candles.
EveningStar
Long White CandleGap UpGap Down, Long Blk
Hangman /Shooting Star
• White or Black• At Resistance• Shadow 2/3 of Body
3 BlackCrows
Bullish RestAfter Battle
Similar to the rising 3pattern. Strong bullishdays surround spin tops.
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Top 21Candlestick
Patternswww.TradeSmartU.com
3 WhiteSoldiers
3 strong white candlesEach with higher closeClose at or near high
3 strong black candlesEach with lower closeClose at or near low
Hangman ShootingStar
Wht.Soldier Blk. Crow
C C R
R R
C C R
C C
Open
Close
Close
Open
High(Shadow)
Low(Shadow)
Body
Candle Construction
