10/21/23, 3:24 PM All 63 Candlestick Patterns Explained In Details & Performance Data 10/21/23, 3:24 PM All 63 Candlestick Patterns

10/21/23, 3:24 PM All 63 Candlestick Patterns Explained In Details & Performance Data

Candlestick patterns
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Did you know there are more than 60 candlestick patterns?

They come in different shapes and sizes but they all share something in
common : they are made of 1 to 5 candlesticks (I know you surely guessed it
from its name).

Every candlestick pattern detailed with their

performance and reliability stats
Below you’ll find the ultimate database with every single candlestick pattern
(and all the other types of pattern if you are interested). Here there are detailed
articles for each candlestick pattern. Each article goes into detailed explanation,
gives you examples and data. No more doubt about what makes a specific
pattern and how well it works.
This extensive cheat sheet will definitely give you an edge and let you

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10/21/23, 3:24 PM All 63 Candlestick Patterns Explained In Details & Performance Data 10/21/23, 3:24 PM All 63 Candlestick Patterns Explained In Details & Performance Data

understand and recognize every pattern. Plus at PatternsWizard, our absolute

focus is to bring you data-driven performance statistics. So for most patterns
How can they help you enhance your trading
(articles below) you’ll find data about their performance and reliability (how
often they confirm, reach the target or stop, how often they appear, …) to adjust
strategy?
your trading strategy. Depending on the pattern (each pattern can tell a different story), they can be a
hint for :
How are candlestick patterns composed? Reversal : it predicts price will reverse and move in the opposite direction
Continuation : it predicts price will continue its move in the same direction
Candlesticks!
To learn more check out our candlestick chart article or signup to Joe
Candlestick patterns are part of a way to represent market prices : the
Marwood’s course “Candlestick Analysis For Professional Traders” (he has more
candlestick charts.
than 40k followers on Twitter so he knows what he talks about). He’ll tour you
The best way to chart candlestick is using the TradingView solution. It lets you
around with videos about the backtesting of 26 candlestick patterns.
chart candlestick and all other charting types and you can try it now for free.
Want to go into the details of a specific pattern. You’re at the right place!
These patterns often have colorful names. Feel free to discover the detailed
A candlestick is a way to represent an
article for each candlestick pattern right below :
aggregation of all the prices traded for
a given time period. It can for example
aggregate a full trading day of prices. What is a Marubozu candlestick pattern and
During this time period (which can how to trade it?
take any value, from 1 minute to a few Key takeaways A marubozu candle only has a
months), instead of showing every body. It doesn't have wick or tail.Bullish marubozu is
single price traded, a candlestick will only show 4 price values : a long green body candleBearish marubozu is a
long red body candle Statistics to prove if the Marubozu pattern really works
High : the highest price reached during this period What is...
Low : the lowest price reached during this period READ MORE
Open : the first price traded during this period

Close : the last price traded during this period

How to trade a Morning Star candlestick
The area inside the open and close is the body. It’s often represented as filled pattern?
and is either green or red depending on whether the market was bullish (went
Key takeaways A morning star pattern is a bullish
up) or bearish (went down). Outside of the body are the wick and tail (or
3-bar reversal candlestick patternIt starts with a
sometimes called upper shadow and lower shadow). The upper shadow is from
tall red candle, then a small candle and finishes
the body top to the highest price, the lower shadow is the opposite. They can
with a tall green candleThe middle candle reports
create bullish candles or bearish candles. Candles help traders understand how
indecision in the marketThe opposite pattern is the
the buying and selling pressure is applied during the given time interval.
evening star...

READ MORE

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How to trade the Harami candlestick pattern? engulfed within a green candleA bearish engulfing pattern has a green candle
engulfed within a red candle...
The Harami pattern is a 2-bar reversal candlestick
READ MORE
patternThe 2nd bar is contained within the 1st one
Statistics to prove if the Harami pattern really works
What is the Harami candlestick pattern? Even Three Black Crows Candlestick Pattern:
though the word Harami appears... Definition
READ MORE The three black crows is a 3-bar bearish reversal
patternThe pattern consists of 3 bearish candles
opening above the previous one and closing below
Trading the Evening Star candlestick pattern
the midpoint of the previous candleEach candle
An evening star pattern is a bearish 3-bar reversal should be relatively large to show the strong
candlestick patternIt starts with a tall green candle, participation Statistics to...
then a small candle and finishes with a tall red
READ MORE
candleThe middle candle reports indecision in the
marketThe opposite pattern is the morning star
pattern... Abandoned Baby Candlestick Pattern: What is it
& How to trade it?
READ MORE
The abandoned baby pattern is a 3-bar reversal
pattern.The bullish abandoned baby follows a

Dark Cloud Cover Candlestick Pattern: The downtrend. It has a big red candle, a gapped down
doji and then a big green gapped up candle.The bearish abandoned baby
Ultimate Guide [2022]
follows an uptrend. It has a big green candle, a gapped...
The dark cloud cover is a 2-bar bearish reversal READ MORE
candlestick patternIt starts with a green candle The
second candle opens above the first one (gap) but
then closes below the midpoint of the prior bullish Shooting Star Candlestick Pattern: What is it &
candleBoth candles show be quite large Statistics How to trade it?
to prove if...
The shooting star is a 1-bar bearish reversal
READ MORE candlestick patternThis formation is bearish
because the price tried to rise sharply throughout
the day, but then the seller took over and pushed
Engulfing Candlestick Pattern: Complete Guide
the price down to the opening price Statistics to
An engulfing pattern is a 2-bar reversal candlestick prove if the Shooting Star...
patternThe first candle is contained with the 2nd
READ MORE
candleA bullish engulfing pattern has a red candle

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Inverted Hammer Candlestick Pattern: What is READ MORE

it?

The inverted hammer is a 1-bar bullish candlestick Hikkake Candlestick Pattern: Full Guide
pattern.It looks like a letter "T" upside-down.
Trading price action usually brings about surprise
Statistics to prove if the Inverted Hammer pattern
and excitement at the same time. Price is
really works What is the Inverted Hammer
commonly used as a base for any technical
candlestick pattern? As far as the...
analysis, and the hikkake trading strategy takes in
consideration three price action bars to identify the pattern. The pattern looks...
READ MORE READ MORE

Gravestone Doji Candlestick Pattern: Full Guide Separating Lines Candlestick Pattern: Definition

The Gravestone Doji Candlestick Pattern is one of Traders have applied candlestick patterns in
the fabulous and versatile patterns in trading. It an analyzing the movement of a market. One of such
interesting bearish trend reversal candlestick patterns is the separating lines candlestick pattern.
pattern. Some traders, use this pattern in their daily The pattern comes up when there's an uptrend in
lives to learn about the feel of the market. The the market and when there's also a pullback. The separating lines...
article is...
READ MORE

READ MORE
Three Inside Up & Down Pattern: Complete
Guide
Mat Hold Candlestick Pattern: Complete Guide
To interpret candlestick patterns, you need to look
The Mat Hold candlestick pattern is a 5-candle for particular formations. These candlestick
patternIt can be bullish or bearish depending on its formations assist traders know how the price is
formationFor the bullish pattern, there is a tall likely to behave next. In this article, we will go in-depth into the Three Inside Up /
green candle, 3 small red candles and the last Down candlestick pattern. Some...
candle is a tall green candle closing above the patternFor the bearish... READ MORE
READ MORE

Three-Line Strike Pattern: Complete Guide

Falling & Rising Three Methods Patterns
[2022]
Candlestick patterns have become the preferred
Recognizing patterns is a necessary aspect of
method of charting for a lot of traders. Their colorful
technical analysis. Traders should make sure that if
bodies make it simple to spot market action and
they have a moment of doubt, they can act on a
patterns that could hold predictive value; they also
form patterns that have various meanings. One pattern is the...
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situation if they have seen it before. In this article, we will cover in-depth the to where it is now. Knowing exactly why a market
Three Line Strike candlestick pattern.... carried out a particular move is almost impossible.
READ MORE Having...

Three Outside Up & Down Candlestick Pattern

READ MORE
The Three Outside Up & Down candlestick patterns
are 3-bar opposite reversal patterns.They are
made of one up or down candle and then 2 candles Three Stars in the South Candlestick Pattern
of the opposite color.The second candle contains The Three Stars in the South candlestick pattern is a
the first one.The third candle closes over (for the bullish formation)... very rare pattern that doesn't typically precede
READ MORE large price moves.The bullish pattern forms with
three black or red (down) candles of decreasing
size. It usually follows a price decline.The bearish pattern forms...
Dragonfly Doji Candlestick Pattern: Full Guide
READ MORE
The dragonfly doji candlestick pattern is a 1-candle
bullish pattern.It looks like the letter "T".It prints
when the candle as a long bottom shadow but Doji Star Candlestick Pattern: Complete Guide
(almost) no upper shadow and open and close are
A Doji Star candlestick pattern is a three-bar
almost the same. Statistics to prove if the Dragonfly pattern. It is considered as a signal of a potential
Doji pattern... upcoming reversal of the current trend of the
market. It is a versatile candlestick pattern that is
READ MORE found in two variants, bullish and bearish. Its variants depend on...
READ MORE

Key Reversal Bar Pattern: Complete guide [2022]

Doji Candlestick : The indecision pattern
Most times, traders take a 'ready, fire, aim' process
to trade which is a backward way of trading. Trade Candlestick patterns that have the same opening

is different from a trade trigger. A trade setup that and closing price are known as "Doji candlestick

most traders are always on the lookout for is a key pattern". There are four basic types of Doji candles:
reversal bar pattern combination. It forms when prices... Four-Price DojiLong-legged DojiDragonfly
READ MORE Doji Gravestone Doji The Doji Candlestick is a 1-bar neutral...

READ MORE

Belt Hold Candlestick Pattern: Trading Guide

All patterns have a unique tale to tell about market forces that lead to its Hammer Candlestick Pattern: Complete Guide
formation. And traders might benefit by trying to identify what drove the market

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The Hammer candlestick pattern is a bullish wicks and easy to observe the ways and the
reversal pattern that indicates a potential price behavior of the market. One such popular
reversal to the upside. It appears during the candlestick pattern is the...
downtrend and signals that the bottom is near.
After the appearance of the hammer, the prices
start moving up. Hammer...
READ MORE

Piercing Line Candlestick Pattern: Full Guide

READ MORE
A Piercing line candlestick pattern is a two-day
bullish candlestick reversal pattern that appears in

Hanging Man Candlestick Pattern: Trading Guide a downtrend. It signals a potential short term
reversal from downwards to upwards. It consists of
As the name suggests, the Hanging Man
two major components, a bullish candle of day 2 and a bearish candle...
candlestick pattern is a bearish sign that appears
in uptrends. On occasions, it also tells traders about READ MORE
the upcoming price reversal. The experts of the
domain suggest that the Hanging Man pattern
Rickshaw Man Candlestick Pattern: Definition
must be taken as a warning, not...
The Rickshaw Man candlestick pattern is very
similar to the Long-Legged Doji pattern. A Long-
READ MORE
Legged Doji pattern is the one that has a closing
and opening price happening at or in the middle of
Homing Pigeon Candlestick Pattern Definition the shadows. The high and low prices are far apart and make very long...
READ MORE
The Homing Pigeon candlestick pattern is a two-
line candlestick pattern. Traditionally, traders
consider it a bullish reversal candlestick pattern. Spinning Top Candlestick Pattern: What is it?
However, testing has proved that it may also act as
The Spinning Top candlestick pattern is a versatile
a bearish continuation pattern. This new
single candle pattern. It is versatile and mysterious
development proves it to be...
because of its formation that can occur at the peak
of an uptrend, in the very middle of a trend, or at
READ MORE the bottom of a downtrend. It is a small candlestick...
READ MORE

Long-Legged Doji Candlestick Pattern: Full Guide

Takuri Candlestick Pattern: Definition & Tactics
Candlestick patterns are becoming more and more popular these days for
charting prices. They are easy to detect with their colorful bodies and black

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The Takuri candlestick pattern is a single candle

bullish reversal pattern. It has a very small body
with a much longer lower wick and without an
upper wick. This pattern illustrates how a
downtrend is opposed by the bulls and the candle
eventually closes near its...

READ MORE READ MORE

Island Reversal Candlestick Pattern: Full Guide Closing Marubozu candlestick pattern:

An Island Reversal Pattern appears when two

Definition
different gaps create an isolated cluster of price.It The Closing Marubozu is a 1-bar continuation
usually gives traders a reversal biais. What is the candlestick pattern.It's a long candle close at it's
Island Reversal candlestick pattern? The Island high (bullish) or low (bearish). Statistics to prove if
Reversal candlestick pattern is a fantastic candlestick pattern that... the Closing Marubozu pattern really works What is the Closing Marubozu...
READ MORE READ MORE

Two Crows candlestick pattern: What is it? Thrusting candlestick pattern: What is it?

The Two Crows candlestick pattern is a three-line The Thrusting candlestick pattern is a two-bar
bearish reversal pattern.How to identify the pattern.The second candle gaps up/down and then
pattern:The market must be in an uptrend. The first retrace to close within the 1st candle's body.
candle must be a long white candle. The second Statistics to prove if the Thrusting pattern really
candle is a short black candle that starts with an... works What is the Thrusting...
READ MORE

READ MORE Identical Three Crows Candlestick Pattern

The identical three crows candlestick pattern is a 3-bar bearish reversal

Upside Gap Three Methods Candlestick Pattern pattern.It occurs during an uptrend.It is made of three consecutive bearish
candlesticks. Statistics to prove if the Identical Three Crows pattern really works
The upside gap three methods candlestick pattern is a 3-bar bearish
[displayPatternStats...
continuation pattern.It has 2 green candles and a red one.The second candle
gaps above the first one. Statistics to prove if the Upside Gap Three Methods
pattern really works [displayPatternStats...

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Down-Gap Side By Side White Lines pattern really

works What is the...

READ MORE READ MORE

Ladder Top candlestick pattern: Complete Upside Gap Two Crows Candlestick Pattern
Guide The upside gap two crows candlestick pattern is a
The Ladder Top candlestick pattern is a 5-bar 3-bar bearish reversal pattern.It appears during an
bearish reversal pattern that appears at the end of uptrend. Statistics to prove if the Upside Gap Two
a bullish trend.You can identify it with the following Crows pattern really works What is the upside gap
characteristics: The first three candles are always two crows candlestick...
white with long real bodies opening and closing
above the open...

READ MORE READ MORE

Up-Gap Side By Side White Lines Pattern Matching Low candlestick pattern: Complete
Guide
The up-gap side by side white lines candlestick
pattern is a 3-bar bullish continuation pattern.The The matching low candlestick pattern is a 2-bar
first and second lines are separated by a bullish bullish reversal pattern. It occurs during a
gap. Statistics to prove if the Up-Gap Side By Side downtrend.As his name suggests, both lows from
White Lines pattern really works the 2 candles are equal. Statistics to prove if the
[displayPatternStats... Matching Low pattern really works ...

READ MORE READ MORE

Down-Gap Side By Side White Lines Pattern Tasuki gap candlestick pattern: What is it?

The down-gap side by side white lines candlestick pattern is a 3-bar bearish The Tasuki gap candlestick pattern is a three-bar continuation pattern.The first

continuation pattern.It appears during a downtrend. Statistics to prove if the two candles have a gap between them.The third candle then closes the gap

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between the first two candles. Statistics to prove if Advance Block Candlestick Pattern
the Tasuki Gap pattern really works...
The advance block candlestick pattern is a 3-bar
bearish reversal pattern.It has three long green
candles with consecutively higher closes than the
previous candles.Each candle has a shorter body
READ MORE than the previous one. Statistics to prove if the
Advance Block pattern...

Harami Cross candlestick pattern: What is it?

READ MORE
The harami candlestick pattern consists of two
candlesticks.The first candle is a big one and the
second candle is a doji, contained within the first Three White Soldiers Candlestick Pattern
one's body. Statistics to prove if the Harami Cross
The three white soldiers candlestick pattern is a 3-
pattern really works What...
bar bullish pattern.It has 3 long green candles,
READ MORE
each making new higher high.Each candle's body
should be approximately the same size. Statistics
Downside Gap Three Methods pattern: Definition to prove if the Three White Soldiers pattern really
works...
The downside gap three methods is a 3-bar
candlestick pattern.It appears during a
downtrend.The first two candles have a gap down READ MORE
between them while the third candle covers the
gap between the first two. Statistics to prove if the
Downside Gap Three Methods pattern... Ladder Bottom candlestick pattern: Definition

The ladder bottom candlestick pattern is a 5-bar

bullish reversal pattern.It forms following these
READ MORE
characteristics:The first three long black
candlesticks, resembling three black crows
Unique Three River Candlestick Pattern formation, with successive lower opens and
closeThe fourth is also a black...
The unique three river bottom candlestick pattern is
a bullish reversal pattern.It occurs during a
downtrend in the market. Statistics to prove if the READ MORE
Unique Three River pattern really works What is the
unique three river...
Breakaway candlestick pattern: Full Guide

The breakaway candlestick pattern is a five bar reversal candlestick pattern.It

can be bullish or bearish.The first candle must be a long candle.The next three
READ MORE

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candles must be spinning tops. The second candle The tri-star candlestick pattern is a 3-bar trend
must also create a gap between the first and... reversal pattern.There must be a clear and defined
trend in the market. Three consecutive Doji candles
must appear. The second Doji candle must create a
gap below the first and third Doji candles creating

READ MORE a...

READ MORE

Counterattack candlestick pattern

In-neck candlestick pattern: Full Guide
The counterattack candlestick pattern is a reversal
pattern that indicates the upcoming reversal of the The in-neck candlestick pattern is a 2-bar

current trend in the market. There are two variants continuation pattern.Closing prices of both candles

of the counterattack pattern, the bullish are the same or nearly the same forming a

counterattack pattern and the bearish counterattack pattern. The... horizontal neckline. Statistics to prove if the In-neck

READ MORE pattern really works The in-neck...

READ MORE

Concealing Baby Swallow candlestick pattern

On-neck candlestick pattern: What is it?
The concealing baby swallow candlestick pattern is
a 4-bar bullish reversal pattern.The first candle The on-neck candlestick pattern is a 2-bar

must be a Marubozu which appears during a continuation pattern.Closing prices of the second

trend. The second candle must also be a same candle is nearly the same than first candle

color Marubozu. It opens within the body of the previous candle and closes... high/low forming a horizontal neckline. Statistics to

READ MORE prove if the On-neck pattern really works ...

READ MORE

Kicking candlestick pattern: Full Guide

Stick Sandwich candlestick pattern
The kicking candlestick pattern is a 2-bar reversal
pattern.It is made of two opposite side marubozus A stick sandwich is a 3-bar pattern.The closing

separated by a price gap. Statistics to prove if the prices of the two candlesticks that surround the

Kicking pattern really works The kicking candlestick opposite colored candlestick have to be the same.

pattern is a two-bar... Statistics to prove if the Stick Sandwich pattern

really works What is the Stick...
READ MORE READ MORE

Tri-star Candlestick Pattern: Complete Guide High Wave Candlestick Pattern: Full Guide

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High wave is a 1-bar candlestick pattern that has The Long Line candlestick pattern is a 1-bar
very long upper and lower shadows and a small pattern.It simply consists of a long body candle.It
real body.It shows indecision in the market. can be bearish or bullish. What is a long line
Statistics to prove if the High Wave pattern really candle? Candlesticks provide different visual hints
works A lot of candlestick traders... on the trading charts for a better and easy
understanding of the...
READ MORE
READ MORE

Short Line candlestick pattern: Definition

How to Interpret Black Candles On Your Trading
The Short Line candlestick pattern is a 1-bar very Charts?
simple to understand pattern.It simply consists in a
Introduction Candlestick charts are technical
candle with a short body.There are various kind of
tool that put together data for numerous time
specific variations of the short line pattern (doji,
periods into single price bars. This enables them to
hammer, hanging man, shooting star). Let's go in-depth about...
become more important than traditional open-high, low-close bars or simple
READ MORE
lines...

READ MORE
Modified Hikkake Candlestick Pattern

The modified Hikkake candlestick pattern is the

more specific and upgraded version of the basic Cradle Candlestick Pattern: Definition & How to
Hikkake pattern.The difference with the normal Trade it
pattern is that the "context bar" is used prior to the What is the Cradle Pattern? To adequately
inside price bar. It consists of a context bar, an inside bar, a fake... understand candlestick patterns, you must have
READ MORE had a good understanding of Japanese
candlesticks and all their attributes. Ideally, cradle
patterns should be an indication of reversal of the recent trend. It usually takes...
Stalled candlestick pattern: Complete Guide
READ MORE
The stalled candlestick pattern is a three-bar
pattern that predicts an upcoming reversal of the
trend in the market. Although it is usually a bearish Above The Stomach Candlestick Pattern –
reversal pattern, yet there are strong possibilities Definition, Tips & Secrets
that a bullish variant of the stalled pattern may also appear...
There are different types of candlestick patterns.
READ MORE
But when we talk about above the stomach evolves
over a period of almost two sessions. In this pattern,

Long Line candlestick pattern: How to trade it? the existing downtrend is there. And it appears at
the bottom of any downtrend. Brief Review about Above the...
READ MORE

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