Doji:
- The Doji candlestick pattern signifies indecision in the market.
- It has an open and close price that are very close or identical, resulting in a small or nonexistent body.
- This pattern suggests that neither bulls nor bears are in control and a potential reversal might occur.
Hammer:
- A Hammer pattern appears after a downtrend and indicates potential reversal.
- It has a small body at the upper end of the price range and a long lower wick.
- This suggests that bears were dominant during the session but lost control, and bulls might be taking over.
Shooting Star:
- The Shooting Star pattern appears after an uptrend and suggests a potential reversal.
- It has a small body at the lower end of the price range and a long upper wick.
- This implies that bulls were dominant during the session but lost control, and bears might be taking over.
Bullish Engulfing:
- This pattern occurs during a downtrend and suggests a reversal to an uptrend.
- It features a small bearish candle followed by a larger bullish candle that completely engulfs the previous one.
- This signals a shift from bearish sentiment to bullish sentiment.
Bearish Engulfing:
- The Bearish Engulfing pattern appears during an uptrend and indicates a potential reversal to a downtrend.
- It consists of a small bullish candle followed by a larger bearish candle that engulfs the previous one.
- This indicates a shift from bullish sentiment to bearish sentiment.
Morning Star:
- The Morning Star is a three-candle pattern that suggests a reversal from a downtrend to an uptrend.
- It starts with a long bearish candle, followed by a small bullish or bearish candle, and then a long bullish candle.
- This signifies a potential change in sentiment, with bears losing control and bulls taking over.
Evening Star:
- The Evening Star is the opposite of the Morning Star and indicates a reversal from an uptrend to a downtrend.
- It starts with a long bullish candle, followed by a small bullish or bearish candle, and then a long bearish candle.
- This implies a potential shift from bullish sentiment to bearish sentiment.
Harami:
- A Harami pattern suggests a possible reversal in the market.
- It consists of two candles, where the first one has a large body and the second one is smaller and within the range of the first candle.
- The second candle's body can be bullish or bearish.
- This indicates a potential change in sentiment, but confirmation is needed from subsequent price action.
Piercing Pattern:
- The Piercing Pattern appears after a downtrend and suggests a potential reversal.
- It has a bearish candle followed by a bullish candle that opens below the previous close but closes above the halfway point of the first candle's body.
- This indicates potential strength in bulls and a potential reversal.
Dark Cloud Cover:
- The Dark Cloud Cover is the opposite of the Piercing Pattern and appears after an uptrend.
- It has a bullish candle followed by a bearish candle that opens above the previous close but closes below the halfway point of the first candle's body.
- This suggests potential weakness in bulls and a potential reversal.
