You are on page 1of 30

CANDLESTICK

PATTERN

The Bullish Trader


the_bullish.trader
The Bullish Trader
Candlestick pattern
Designed by

The Bullish Trader


This Candlestick Pattern Book contains all

the classic candlestick pattern. It will help

the traders specially beginners to

understand the chart properly. Wish your

success in trading and investments.

NEVER STOP LEARNING


RULES FOR

TRADING
DON'T JUMP FROM ON

STRATEGY TO ANOTHER.

NEVER TRY TO TRADE

AGAINST THE TREND.


KEEP AWAY YOU EMOTIONS

WHILE TRADING

BACKTEST YOUR SETUP AND

TRADES ONCE A WEEK.

DO NOT RISK MORE

THAN 2% IN A DAY.
MARUBOZU

Morubozu is the name of a Japanese candlesticks

formation used in technical analysis to indicate a

stock has traded strongly in one direction

throughout the session and closed at its high or low

price of the day.


A marubozu candle is represented only by a body; it

has no wicks or shadows extending from the top or

bottom of the candle.


fing
find at the end of a trend.
find in the end of the trend

first candlestick is bullish, the second candlestick is


three white soldiers is a trend
black crows pattern is
GRAVESTONE DOJI

A gravestone doji is a bearish pattern that

suggests a reversal followed by a downtrend in

the price action.

A gravestone pattern can be used as a sign to take

profits on a bullish position or enter a bearish

trade.
18
DRAGONFLY DOJI

A Dragonfly Doji is a type of candlestick

pattern that can signal a potential reversal in

price to the downside or upside, depending on

past price action.


It's formed when the asset's high, open, and

close prices are the same.


19
DOJI STAR

A Dragonfly Doji is a type of candlestick

pattern that can signal a potential reversal in

price to the downside or upside, depending

on past price action.


It's formed when the asset's high, open, and

close prices are the same.


20
SPINNING TOPS

The Spinning Top Candlestick pattern has a

short body which appears between wicks of equal

length.

It's telling us that the markett is indecisive.


The Bulls and Bears have equal strength.

21
PIERCING LINE

Piercing Pattern is multiple candlestick cahrt pattern that

is formed after a downtrend indicating a bullish reversal.


It is formed by two candle, the first candle being a Bearish

Candle which indicates the continuation of the downtrend.

The second candle open gap down but closes more than 50%

of the real body of the previous candle which shoes that the

bulls are back in the market and bullish


reversal is going to take place.

22
DARK CLOUD COVER

Dark Cloud Cover is multiple candlestick cahrt pattern

that is formed after a uptrend indicating a bearaish

reversal.

It is formed by two candle, the first candle being a Bullish

Candle which indicates the continuation of the uptrend.

The second candle open gap up but closes more than 50%

of the real body of the previous candle which shoes that

the sellers are back in the market and bearish reversal is

going to take place.


23
RISING THREE

Rising Three method is a bullish continuation candlestick

pattern that occures in an uptrend and whose conclusion

sees a resumption otf that trend.


The decisive (fifth) strongly bullish candle is proof that

sellers did not have enough conviction to reverse the prior

uptrend and that buyers have regained control of the

market.

24
FALLING THREE

Falling Three methods is a five-candle bearish pattern that

signifies a continuation of an existing downtrend.


The first candle is long and red followed by three short green

candle with bodies inside ther ange of the first candle. The last

candle is also red and long and it closes below the close of the

first candle. This decisive fifth strongly bearish candle hints that

bulls could not reverset the prior downtrend and that bears have

regained control of the market.


25

All Copyright Reserved to

@The_Bullish.trader

You might also like