Top 10 Candlestick Patterns

Cheat Sheet
BULLISH ENGULFING PATTERN BEARISH ENGULFING PATTERN
• A green candle fully overlaps a • A red candle fully overlaps a previous
previous red. green.

• Bearish trend reversal: a bullish • Bullish trend reversal: a bearish

signal. signal.

• Confirms pullback is complete in an • Confirms pullback is complete in a

uptrend. downtrend.

HAMMER BAR INVERTED HAMMER BAR

• Main body in the top third of the • Main body in the bottom third of the
candle. candle.

• Bearish trend reversal: a bullish • Bullish trend reversal: a bearish

signal. signal.

• Confirms pullback is complete in • Confirms pullback is complete in a

an uptrend. downtrend.

LONG LEGGED DOJI DRAGONFLY DOJI

• Open & close are virtually the same.
• Open & close are virtually the same.
• Low is much lower than open, high,
• Shows indecision. and close.

• Requires confirmation candle. • Bearish trend reversal: a bullish

signal.
• Confirms pullback is complete in
an uptrend.

GRAVESTONE DOJI INSIDE BARS

• Open & close are virtually the same.
• Price is inside previous bar’s range.
• High is much higher than open, low,
and close.
• Can predict breakout from range.
• Bullish trend reversal: a bearish
signal.
• Confirms pullback is
complete in a downtrend.

BULLISH MARUBOZU BEARISH MARUBOZU

• No upper or lower shadows. • No upper or lower shadows.

• Buyers were in control • Sellers were in control from open to

from open to close. close.

• Strong bullish momentum. • Strong bearish momentum.

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