Candle Sticks Patterns

Some Printable CHARTS 😇

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Getting Started in Candlestick Patterns: Types of candlestick patterns: There are hundreds of candlestick patters. For now we will discuss some familiar candlestick patterns which are frequently appearing in the chart. Basically there are 2 types of candlestick patterns:- 1. Single candlestick pattern 2. Multiple candlestick pattern (Some may say bullish and bearish candlestick pattern. Do not confuse... All green candles are bullish candlestick patterns and red are bearish candlestick patterns) Types of single candlestick patterns:- 1. Marubozu (bullish & bearish) 2. Spinning top (bullish & bearish) 3. Hammer 4. Hanging Man 5. Doji 6. Shooting Star or Inverted hammer Types of multiple candlestick patterns:- 1. Engulfing (bullish & bearish) 2. Harami (bullish & bearish) 3. Piercing pattern 4. Dark cloud cover 5. Morning star 6. Evening star

A candlestick pattern has 4 data points: OPEN - The opening price HIGH - The highest price within a fixed time-frame LOW - The lowest price within a fixed time-frame CLOSE - The closing price (Do not confuse time-frame assume 1 day for now. We will go deeper into detail) BODY - It is the portion of candle between open and close. WICK or SHADOW - It is the portion of candle above close and below open (in case of bullish candle) and below close and above open (in case of bearish candle) It is somewhat like...

What is candlestick pattern: It is a pattern formed by the movement of price of an asset (say price of an stock) due to bargaining by an individual or group of market participants (buyer or seller) within a time-frame depicting in the form of a candlestick. The pattern so formed is known as candlestick pattern.

A Complete, Definitive Guide To Candle Sticks