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Candlestick Chart - All 35 Candlestick Chart Patterns in the Stock Market-Explained

 

How to Read Candlestick charts?

  1. Strength is represented by a bullish or green candle and weakness by a bearish or red candle. One should ensure that whenever they are buying it is a green candle day and whenever they are selling, ensure that it’s a red candle day.
  1. The textbook definition of a patterns states certain criteria, but one should state that there could be minor variations to the pattern depending on certain market conditions.
  1. One should look for a prior trend. If you are looking at a bullish reversal pattern, then the prior trend should be bearish and if you are looking for a bearish reversal pattern then the prior trend should be bullish.
35 Types of Candlestick Patterns:Bullish Reversal Candlestick Patterns:


1. Hammer:

2. Piercing Pattern:


3. Bullish Engulfing:

4. The Morning Star:

5. Three White Soldiers:


6. White Marubozu:


7. Three Inside Up:


8. Bullish Harami:


9. Tweezer Bottom:


10. Inverted Hammer:


11. Three Outside Up:


12. On-Neck Pattern:


13. Bullish Counterattack-


  • There must be a strong downtrend in the market for the formation of the bullish counterattack pattern. 
  • The first candle must be a long black candle with a real body. 
  • The second candle must also be a long (ideally, equal in size to the first candle) but a white candle with a real body. The second candle must close near the close of the first candle. 
Bearish Candlestick Pattern:


14. Hanging man:

15. Dark cloud cover:

16. Bearish Engulfing:


17. The Evening Star:


18. Three Black Crows:


19. Black Marubozu:


20. Three Inside Down:


21. Bearish Harami:


22. Shooting Star:


23. Tweezer Top:


24. Three Outside Down:


25. Bearish Counterattack–


Continuation Candlestick Patterns:


26. Doji:


27. Spinning Top:


28. Falling Three Methods:


29. Rising Three Methods:


30. Upside Tasuki Gap:


31. Downside Tasuki Gap:


32. Mat-Hold-


33. Rising Window-


34. Falling Window-


35. High Wave-


Filter Stocks with Specific Candlestick Chart Patterns using StockEdge:

Short Online Courses on Candlestick Patterns:


1. Candlestick Made Easy-


2. Candlestick training in Hindi- 


3. Candlestick Analysis in Tamil– 


 4. Master Of Technical Analysis–


Short Online Webinars on Candlestick Patterns:


1. Trade better with Candlestick- 


2. Psychology behind Candlestick Pattern –


3. Identifying trading opportunities using candlesticks analysis-


4. Trading made easy with Candlesticks in Tamil –

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