Single candlestick pattern
Single Candlestick Patterns Doji 1 .Appearance: Small or no real body; open and close prices are very close or the same. Indicates: Market indecision. Types: Long-legged Doji (high volatility) Dragonfly Doji (bullish reversal) Gravestone Doji (bearish reversal) Hammer 2 Appearance: Small body, long lower shadow (at least twice the size of the body). Indicates: Bullish reversal, typically at the end of a downtrend. Shooting Star 3 Appearance: Small body, long upper shadow, little to no lower shadow. Indicates: Bearish reversal, typically at the end of an uptrend. Double Candlestick Patterns Engulfing Pattern 4 Bullish Engulfing: A small bearish candle followed by a larger bullish candle that "engulfs" it. Bearish Engulfing: A small bullish candle followed by a larger bearish candle. Indicates: Trend reversal. Piercing Line (Bullish) 5 Appearance: A bearish candle followed by a bullish candle that closes above the midpoint of the first. Indicates: Bullish reversal. Dark Cloud ...