Candlestick Patterns — Quick Reference

The essential candlestick patterns every momentum trader should recognize at a glance.

Hammer
Bullish

Small body at top, long lower wick. Sellers tried, buyers took over. Look for at support.

Bullish Engulfing
Bullish

Green candle fully covers prior red. Strong reversal signal. Best with volume confirmation.

Morning Star
Bullish

Red, small body, green. Three-candle reversal. Watch for at key support levels.

Dragonfly Doji
Bullish

Open/close at top, long lower wick. Rejection of lower prices. Bullish if at support.

Shooting Star
Bearish

Small body at bottom, long upper wick. Buyers tried, sellers rejected. Watch at resistance.

Bearish Engulfing
Bearish

Red candle fully covers prior green. Reversal warning. Stronger with high volume.

Evening Star
Bearish

Green, small body, red. Three-candle top reversal. Consider taking profits.

Gravestone Doji
Bearish

Open/close at bottom, long upper wick. Upper price rejection. Bearish at resistance.

Doji
Neutral

Open = close, wicks both ways. Indecision. Wait for next candle to confirm direction.

Spinning Top
Neutral

Small body, wicks both sides. Market undecided. Not a trade signal alone.

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