Reading Candlestick

Open High High

Candlestick

Close Open
Close
Body
Low Body

High Open Close

Low Low
Body Colour
Understanding Wick of Bullish Candlestick

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Understanding Wick of Bearish Candlestick

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 Candlestick Ranges

Strong Normal Weak Neutral

Strong Normal Weak Neutral

 Big

Medium

Small

Big
Candlestick Sequence

Medium

Small
 Single Candlestick Patterns

❑ Bullish Hammer ❑ Bearish Hammer

B B
U E
L A
L ❑ Bullish Inverted Hammer R ❑ Bearish Inverted Hammer
I I
S S
H H
❑ Spinning Candle ❑ Spinning Candle
P P
A A
T T
T ❑ Marobozu T ❑ Marobozu
E E
R R
N N
S ❑ Close Marobozu S ❑ Close Marobozu

❑ Open Marobozu ❑ Open Marobozu

 Single Candlestick Patterns

Bullish Pin Bar Bearish Pin Bar

Single Candlestick Reversal & Continuation Patterns

Reversal Patterns Continuation Patterns

 Double Candlestick Reversal Patterns

❑ Bullish Engulfing ❑ Bearish Engulfing

B B
U E
L A
L R
I I
S ❑ Outside Bar S ❑ Outside Bar
H H

P P
A A ❑ Dark Cloud Cover
T ❑ Piercing Line T
T T
E E
R R
N N
S ❑ Inside Bar ❑ Inside Bar
S

❑ Bullish Harami ❑ Bearish Harami

 Three Outside Up Bullish Pattern

Bullish Engulfing + 1 Strong Candle Outside Bar+ 1 Strong Candle

 Three Inside Up Bullish Pattern

Piercing Line+ 1 Strong Candle Inside Bar+ 1 Strong Candle

 Three Outside Down Bearish Pattern

Bearish Engulfing + 1 Strong Candle Outside Bar+ 1 Strong Candle

 Three Inside Down Bearish Pattern

Dark Cloud Cover+ 1 Strong Candle Inside Bar+ 1 Strong Candle

Trading Single Reversal Patterns Hammer
Trading Single Reversal Patterns Bullish Inverted Hammer
Trading Single Reversal Patterns Spinning Bottom
 Trading Bullish Engulfing Candlestick Patterns

1. 2.1 2.2 2.3

6.
3. 4. 5.
 Trading Piercing Line Candlestick Patterns

1. 2.1 2.2 2.3

6.
3. 4. 5.
 Easy Prediction With Candlestick Psychology
Bullish Psychological Patterns

B
U
L
L 1. 3.
I
S Buy
H
Buy
P
A
T
T
E
Buy
R
2. 4.
N
S
Buy
 Easy Prediction With Candlestick Psychology
Bearish Psychological Patterns

Sell

B Sell
E
A
R 1. 3.
I
S
H

P
A
T Sell
T Sell
E
R 2. 4.
N
S
 Strategy-1 Trend Trading

How it Works? Let’s Check Requirement for trading.

❑ Identify Trend
❑ Draw Support & Resistance
❑ Match Pattern

❑ Trade
 Strategy-1 Bullish Trend Trading

Follow Trend Only

❑ Identify Bullish Trend

❑ Draw Support (Strong Support or Resistance become Support
❑ Match Bullish Pattern

❑ Trade only Buy

 Buy
Buy

Buy
Buy
 Buy
Buy

Buy
Buy
 Strategy-1 Bearish Trend Trading

Follow Trend Only

❑ Identify Bearish Trend

❑ Draw Resistance (Strong Resistance or Support become Resistance
❑ Match Bearish Pattern

❑ Trade only Sell

Sell
Sell

Sell
Sell
Sell
Sell

Sell
Sell
Sell
Sell

Sell
Sell