Candle Guide
Single Candles
High Wave
Signal Type — N/A
Starting Trend — N/A
Description
- Small body any color
- Wick 2X Body Extending above and below
Spinning Top
Signal Type — N/A
Starting Trend — N/A
Description
- Small body any color
- Wick 2X Body
Hammer
Signal Type — Bear REVERSAL to Bull
Description
- Trend Decreasing
- Small body any color
- Lower Wick 2X Body
Statistics
Hangman
Signal Type — Bull REVERSAL to Bear
Description
- Trend Increasing
- Small body any color
- Lower Wick 2X Body
Statistics
Shooting Star
Signal Type — Bull Reversal to Bear
Description
- Trend Increasing
- Small body any color
- Upper Wick 2X Body
Statistics
Inverted Hammer
Signal Type — Bear REVERSAL to Bull
Description
- Trend Increasing
- Small body any color
- Upper Wick 2X Body
Statistics
Long Leg Doji
Signal Type — Trend Conclusion
Description
- Small body any color
- Lower Wick 2X Body
Statistics
Dragonfly Doji
Signal Type — Bear REVERSAL to Bull
Description
- Trend Decreasing
- Wick extending below Doji
Statistics
Gravestone Doji
Signal Type — Bear REVERSAL to Bull
Description
- Trend Increasing
- Wick extending ABOVE Doji
Statistics
Northern Doji
Signal Type — Bull REVERSAL to Bear / Market Uncertainty
Starting Trend — Bull
Description
- Trend Increasing
- Doji at top of Starting Trend
- Equal Wicks extending in both directions
Statistics
Southern Doji
Signal Type — Bear REVERSAL to Bull / Market Uncertainty
Starting Trend — Bear
Description
- Trend Decreasing
- Doji at bottom of Starting Trend
- Equal Wicks extending in both directions
Statistics
Bullish Belt Hold
Signal Type — Bear REVERSAL to Bull
Description
- Trend Decreasing
- White Candle opens with gap down then bounces off support
- Closes at Previous Black Candle Close
Statistics
Bearish Belt Hold
Signal Type — Bull REVERSAL to Bear
Description
- Trend Increasing
- Black Candle gaps up on open then bounce off resistance.
- Candle Closes at previous White Candle close
Statistics
Two Candle Patterns — Gaps & Gap Fills
Rising Window (Price Vacuum)
Signal Type — Bull Trend SUPPORT AT UPPER EDGE
Description
- Trend increasing
- Adjacent candle with no wick overlap
- Overlap of wicks less intense signal
Statistics
Falling Window (Price Vacuum)
Signal Type — Bear Trend RESISTANCE AT LOWER EDGE
Description
- Trend Decreasing
- Adjacent candle with no wick overlap
- Overlap of wicks less intense signal
Statistics
Bullish Counterattack
Signal Type — Bear REVERSAL to Bull
Description
- Trend Decreasing
- First Candle Black
- Second Candle White and opens on a gap down.
- White candle closes at close of prior black candle.
Statistics
Bearish Counterattack
Signal Type — Bull Reversal to Bear
Description
- Trend Increasing
- First Candle White
- Second Candle Black and opens on a gap up.
- White candle closes at close of prior black candle.
Statistics
Piercing Pattern
Signal Type — Bear REVERSAL to Bull
Description
- Trend Decreasing
- First Candle: Black
- Second Candle: White gaps down to close above midpoint of Black Candle
Statistics
Dark Cloud Cover
Signal Type — Bull Reversal to Bear
Description
- Trend Increasing
- First Candle: White
- Second Candle: Black; gaps up to close below midpoint of White Candle
Statistics
Bullish Engulfing
Signal Type — Bear REVERSAL to Bull
Description
- Trend Decreasing
- First Candle: Black
- Second Candle: White, gaps up, body engulfs first candle
Statistics
Bearish Engulfing
Signal Type — Bull Reversal to Bear
Description
- Trend Increasing
- First Candle: White
- Second Candle: Black, gaps down, body engulfs first candle
Statistics
Bearish Harami
Signal Type — Bull Reversal to Bear
Description
- Trend Increasing
- First Candle: White
- Second Candle: Black small body inside first
Statistics
Bullish Harami
Signal Type — Bear REVERSAL to Bull
Description
- Trend Decreasing
- First Candle: Black
- Second Candle: White small body inside first
Statistics
Bearish Harami Cross
Signal Type — Bull Reversal to Bear
Description
- Trend Increasing
- First Candle: White
- Second Candle: Doji inside first
Statistics
Bullish Harami Cross
Signal Type — Bear REVERSAL to Bull
Start Starting Trend — Bear
Description
- First Candle: Black
- Second Candle: Doji inside first
Statistics
Bullish Engulfing
Signal Type — Bear REVERSAL to Bull
Start Starting Trend — Bull
Description
- First Candle: White
- Second Candle: Black; body engulfs first candle
Statistics
Bearish Separating Line
Signal Type — Bear Continuation
Description
- Trend Decreasing
- First Candle: White
- Second Candle: Black, Same Open as First
Statistics
Bull Separating Line
Signal Type — Bull Continuation
Description
- Trend Increasing
- First Candle: Black
- Second Candle: White, Same Open as First
Statistics
Three Candle Patterns
Morning Stars
Signal Type — Bear REVERSAL to Bull
Start Starting Trend — Bear
Description
- First Candle: Black
- Second Candle: White/Doji gaps LOWER
- Third Candle: White
Evening Stars
Signal Type — Bull Reversal to Bear
Description
- Trend Increasing
- First Candle: White
- Second Candle: Black/Doji gaps HIGHER
- Third Candle: Blac246.7
Three White Soldiers
Signal Type — Bull Trend
Description
- Trend Increasing
- Three Ascending white candles
Three Black Crows
Signal Type — Bear Trend
Description
- Trend Decreasing
- Three Descending Black Candles
Tweezers
Signal Type — Trend Exhaustion
Description
- Top/Bottom of Trend
- Two adjacent candles with matching highs or matching lows
Ascending Three Methods
Signal Type — Bull Trend
Description
- Trend Decreasing
- Three Descending Black Candles
Descending Three Methods
Signal Type — Bear Trend
Description
- Trend Decreasing
- Three Descending Black Candles
