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Power & Mindset - Candelstick-Patterns

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287 views22 pages

Power & Mindset - Candelstick-Patterns

Learn how to trade easy and fast feel free to contact me in my telegram you will find other free courses here https://t.me/powmind

Uploaded by

dr dri
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We take content rights seriously. If you suspect this is your content, claim it here.
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1

CANDLESTICK PATTERNS

MARUBOZU BULLISH
MARUBOZU BEARISH
SPINNING TOP
DOJI
BULLISH ENGULFING
BEARISH ENGULFING
TWEEZER BOTTOM
TWEEZER TOP
HAMMER
HANGING MAN
INVERTED HAMMER
SHOOTING STAR
MORNING STAR
EVENING STAR
THREE WHITE SOLDIER
THREE BLACK CROWS
THREE INSIDE UP
THREE INSIDE DOWN
BULLISH HARAMI
BEARISH HARAM

2
MARUBOZU BULLISH

A White Marubozu contains a long white body with no

shadows. The open price equals the low price and the close
price equals the high price.This means that the candle opened at
its lowest price and closed at its highest price
This is a very bullish candle.

3
MARUBOZU BEARISH

A Black Marubozu contains a long black body with no shadows.


The open equals the high and the close equals the low.This
means that the candle opened at its highest price and closed at its
lowest price.This is a very bearish candle.

4
SPINNING TOP

A Spinning Top is a Japanese candlestick with a small real body

and long upper and lower shadows.The short body of the candle

suggests that there was a lot of indecision in the market regarding


the direction of the price, while the long shadows indicate that

both buyers and sellers were active during the session.

5
DOJI

A Doji is a single candlestick pattern that is formed when the

opening price and the closing price are equal.The lack of a real

body conveys a sense of indecision or tug-of-war between buyers


and sellers and the balance of power may be shifting.

6
BULLISH ENGULFING

The Bullish Engulfing pattern is a two


candlestick reversal pattern that signals a strong up move may

occur.It happens when a bearish candle is immediately followed


by a larger bullish candle.
This second candle “engulfs” the bearish candle. This means
buyers are flexing their muscles and that there could be a strong
up move after a recent downtrend or a period of consolidation.

7
BEARISH ENGULFING

This type of candlestick pattern occurs when the bullish candle is

immediately followed by a bearish candle that completely

“engulfs” it.
This means that sellers overpowered the buyers and that a strong
move down could happen.

8
TWEEZER BOTTOM

This type of candlestick pattern is usually spotted after an

downtrend, indicating that a reversal will soon occuThe shadows

of the candlesticks should be of equal (or near-equal)

length.Tweezer Tops should have the same highs, while Tweezer

Bottoms should have the same lows.

9
TWEEZER TOP

Tweezer TOP pattern are candlestick reversal


patterns.This type of candlestick pattern is usually spotted
after an extended uptrend or downtrend, indicating that a

reversal will soon occur.The second candlestick is

opposite the overall trend. If the price is moving up, then

the second candle should be bearish.

10
HAMMER

The Hammer is a bullish reversal pattern that forms during a


downtrend. It is named because the market is hammering out
a bottom.
When the price is falling, hammers signal that the bottom
is near and the price will start rising again.
11
HANGING MAN

The Hanging Man is a bearish reversal pattern that can


also mark a top or strong resistance level.
When the price is rising, the formation of a Hanging
Man indicates that sellers are beginning to outnumber buyers.

12
INVERTED HAMMER

An Inverted Hammer is a bullish reversal candlestick.


The Inverted Hammer occurs when the price has been falling
suggests the possibility of a reversal. Its long upper shadow
shows that buyers tried to bid the price higher. However, sellers
saw what the buyers were doing, said “Oh heck no!” and
attempted to push the price back down.

13
.SHOOTING STAR

The Shooting Star is a bearish reversal pattern that looks


identical to the inverted hammer but occurs when the price has
been rising.Its shape indicates that the price opened at its low,
rallied, but pulled back to the bottom.

14
MORNING STAR

The Morning Star is a bullish three-candlestick pattern signifying


a potential bottom.It warns of weakness in a downtrend that
could potentially lead to a trend reversal.

The morning star consists of three candlesticks with the middle


candlestick forming a star.

15
EVENING STAR

An Evening Star is a bearish reversal candlestick pattern

consisting of three candles: a large bullish candlestick, a small-


bodied candle, and a bearish candle.
Evening Star patterns appear at the top of a price uptrend,

signifying that the uptrend is nearing its end.

16
THREE WHITE SOLDIER

The Three White Soldiers pattern is formed when three long

bullish candles follow a downtrend, signaling a reversal has

occurredThe first of the “three soldiers” is called the reversal

candle. It either ends the downtrend or implies that the period of


consolidation that followed the downtrend is over.

17
THREE BLACK CROWS

The Three Black Crows candlestick pattern is just the opposite of

the Three White Soldiers.It is formed when three bearish candles


follow a strong uptrend, indicating that a reversal is in the
works.The second candle’s body should be bigger than the first
candle and should close at or very near its low.
Finally, the third candle should be the same size or larger than
the second candle’s body with a very short or no lower shadow.

18
THREE INSIDE UP

The Three Inside Up candlestick formation is a trend-reversal


pattern that is found at the bottom of a downtrend. This triple
candlestick pattern indicates that the downtrend is possibly over
and that a new uptrend has started.

19
THREE INSIDE DOWN

Conversely, the Three Inside Down candlestick formation is


found at the top of an uptrend.
It means that the uptrend is possibly over and that a new
downtrend has started.

20
BULLISH HARAMI

A bullish harami is a candlestick chart indicator used for spotting


reversals in a bear trend. It is generally indicated by a small
increase in price (signified by a white candle) that can be
contained within the given equity's downward price movement
(signified by black candles) from the past couple of days.

21
BEARISH HARAMI

A bearish harami is a candlestick chart indicator for reversal in a


bull price movement.
It is generally indicated by a small decrease in price (signified by
a black candle) that can be contained within the given equity's
upward price movement (signified by white candles) from the
past day or two.

22

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