Dojis are said to be formed when the opening price and the closing

price of a stock are the same. Since the opening price equals the
closing price, these candlesticks virtually have no body. Here’s an
example of a doji. 

 
This essentially indicates that there’s indecisiveness in the
market.  This signal can be construed as a possible impending
reversal of the trend.  

The dragonfly doji has no upper shadow and a long lower shadow.
The candlestick pattern looks like this.

if the dragonfly appears during a bearish trend, it is a good indicator

of a reversal signal.

The pattern has no lower shadow and a long upper shadow.

The gravestone can be construed as a reversal signal when it
appears during a bullish trend.

The structure of a spinning top is similar to that of a doji, but with a

small but distinct body. The pattern looks like this.  

    

 the uncertainty in the price movement. When a spinning top appears

during a trend, it signifies a loss in momentum and can be interpreted
as an indicator of a trend reversal. 

The pattern is still considered to be a hammer if the candle has a

short upper shadow. Here’s what the pattern looks like. 

        

the longer the lower shadow is, the more the bulls are in control.
Another point to note is that the hammer can either be green (where
the closing price is higher than the opening price) or red (where the
closing price is lower than the opening price).That said, the hammer
bears significance only if it occurs during a downtrend (bearish
trend). After the formation of the hammer during a downtrend, the
trend is likely to reverse with the prices going back up. 

It can either signal a bullish trend reversal or the continuation of the

bearish trend. Let’s take a look at what the pattern is like.  

As you can see from the pattern above, the market is going through a
bearish phase, with the first three trading sessions finishing in red.
The fourth session, however, finishes in green, signaling a fight back
by the bulls. In the fifth session, the sell-off again continues although
the market opens higher than the previous day’s close. The fifth day’s
candle ends in red and in a way that it completely engulfs the
previous candle.

Since the last engulfing bottom pattern can signify either a bullish
reversal or a bearish continuation, it is important to confirm the trend
by tracking the next couple of trading sessions before going in for a
trade.

This candlestick pattern usually appears at the top of an uptrend.

Here’s what the pattern looks like.

we can conclude that the market is in a bullish phase. The

first three candles are all green, which gives us a clear idea of the
strength of the bulls. The fourth session, however, falls into the
control of the bears and ends in red despite the session opening
higher than the previous day’s close. The fifth session, meanwhile,
starts on a low note, with the opening below the previous day’s close.
But then, as the day progresses, the bulls take control and lift the
price up above the previous day’s open. The movement of the bulls
during the fifth day is so strong that the candle basically engulfs the
entire fourth green candle.

As with the last engulfing bottom pattern, the last engulfing top can
signify either a bearish reversal or a bullish continuation. Therefore,
you would have to basically track the next couple of trading sessions
before going in for a trade. 
 

The record session high is a unique candlestick pattern that occurs

very rarely. Here’s how it looks. 

Inference: If a stock records higher highs session after session for at

least 8 days or more after making a new low, the candlestick
pattern that’s formed is known as a record session high. As you can
see from the pattern above, the first three candles are red, with the
third candle making a new low. Once the third candle has made a
new low, all of the succeeding 9 candles have made higher highs
session after session. This is what is termed as a record session
high. It is extremely rare and signals exceptional control of the bulls.

Record session low

The record session low, on the other hand, is essentially the inverse
of the record session high. Again, this candlestick pattern also occurs
very rarely. Let’s take a quick peek to see how it looks.

Inference: If a stock records lower lows session after session

for at least 8 days or more after making a new high, the
candlestick pattern that’s formed is referred to as a record
session low. As you can see from the pattern above, the first
three candles are green, with the third candle making a new
high. Once the third candle has made a new high, all of the
succeeding 9 candles have made lower lows session after
session. This is what is termed as a record session low.

It indicates that there was a significant sell-off during the day, but that
buyers were able to push the price up again. The large sell-off is often seen
as an indication that the bulls are losing control of the market.
Such a pattern is an indication that the previous upward trend is coming to an end. When
you think about it, the lower close of the Bearish candle is an early warning
sign. When this candle forms after an advance, you know the sellers have

stepped in. 

Therefore, after the market or stock has been in a trend, either up or down,
and suddenly a DOJI is formed, then this tells us that since the buying and
selling has equaled out - then a reversal of the current trend may be ahead.

The Tri-Star is another type of candlestick pattern that signals a reversal in

the current trend. This pattern is formed when three consecutive DOJI
candlesticks appear after the stock has experienced an advance in price
The above chart illustrates a bearish tri-star pattern at the top of the
uptrend and is used to mark the beginning of a shift in momentum. A
seasoned trader would be thinking, "Look out below!" keep in mind that
even though the tri-star in this chart is clearly formed, many times there
may only be 2 stars. Also note that these 'stars' are actually DOJI candles,
signifying that neither the buyers nor the sellers have control since the
stock opened and closed at virtually the same price on all three days.
When you think about neither the buyers nor sellers having control and the
DOJI forms at the end of an uptrend or a down-trend, then many times a
change in direction is likely. In this case, three DOJIs formed. But the
important thing is what had happened previously.

Notice on the chart below how the stock has traded in a downtrend from
the upper left of the chart for about 14 days from the high of around 120.
(Count the candles from the beginning of the decline. Each candle
represents one trading day.) The price continues each day trading lower
toward the 100

.
 1.
The hammer candlestick pattern is formed of a short body with a long lower wick, and
is found at the bottom of a downward trend.

2.
It is normally found at the bottom and forms when a stock has been in a downtrend and
finally reached a support level. The formation of the hammer occurs when a security trades
significantly lower than its opening price, but rallies later in the day to close either above or
very close to its opening price. This pattern forms a hammer-shaped candlestick.

It depicts that although there were selling pressures during the day, ultimately a strong
buying pressure drove the price back up. The colour of the body can vary, but green
hammers indicate a stronger bull market than red hammers

1.
 A similarly bullish pattern is the inverted hammer. The only difference being that the
upper wick is long, while the lower wick is short. It indicates a buying pressure,
followed by a selling pressure that was not strong enough to drive the market price
down. The inverse hammer suggests that buyers will soon have control of the market.

2.
1.
Bullish Engulfing- The bullish engulfing pattern is formed of two candlesticks. It is a
chart pattern that forms when a small black candlestick is followed by a large white
candlestick that completely eclipses or "engulfs" the previous day's candlestick. The
previous day's candle can be negative or positive, it really doesn't matter that much.
What matters is the large positive candle is saying the selling may be over. When this
pattern forms after a downward trend, a trader sees this as a signal that the decline is
ending and a reversal is about to take place.

2.
3.
Piercing Line- The piercing line is also a two-stick pattern, made up of a long red
candle, followed by a long green candle. There is usually a significant gap down
between the first candlestick's closing price, and the green candlestick's opening. It
indicates a strong buying pressure, as the price is pushed up to or above the mid-
price of the previous day.

4.
5.
Morning Star- The morning star candlestick pattern is considered a sign of hope in a
bleak market downtrend. It is a three-stick pattern: one short-bodied candle between a
long red and a long green. Traditionally, the 'star' will have no overlap with the longer
bodies, as the market gaps both on open and close. It signals that the selling pressure
of the first day is subsiding, and a bull market is on the horizon.

6.
7.
Three White Soldiers- The three white soldiers pattern occurs over three days. It
consists of consecutive long green (or white) candles with small wicks, which open
and close progressively higher than the previous day. It is a very strong bullish signal
that occurs after a downtrend, and shows a steady advance of buying pressure.

8.
1.
Bullish Harami - The Bullish Harami is a candlestick chart pattern in which a large
candlestick is followed by a smaller candlestick whose body is located within the
vertical range of the larger body candle on the previous day. In terms of candlestick
colors, the bullish harami is a downtrend of negative-colored candlesticks engulfing a
small positive (white) candlestick, giving a sign of a reversal of the downward trend
.

2.