Candle Pattern Combo
Candle Pattern Combo
@NEERAJJOSHI @NEERAJJOSHI5014
@NEERAJJOSHI @NEERAJJOSHI5014
HAMMER CANDLESTICK PATTERN
RULES
TYPE - BULLISH
COLOUR - NOT IMPORTANT
LOOK - NO OR SMALL UPPER WICK
WICK SIZE - 2X OF BODY
TREND - DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
HAMMER CANDLESTICK PATTERN
BUY - ABOVE HAMMER
STOPLOSS - BELOW HAMMER
TARGET - 2X STOPLOSS OR UNTILL TREND CHANGES
TIME FRAME - ALL (1M, 5M, 15M, 1D, 1W)
@NEERAJJOSHI @NEERAJJOSHI5014
HANGING MAN CANDLESTICK PATTERN
RULES
TYPE - BEARISH
COLOUR - NOT IMPORTANT
LOOK - NO OR SMALL UPPER WICK
WICK SIZE - 2X OF BODY
TREND - UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
HANGING MAN CANDLESTICK PATTERN
RULES
TYPE - BULLISH
COLOUR - NOT IMPORTANT
LOOK - NO OR SMALL LOWER WICK
WICK SIZE - 2X OF BODY
TREND - DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
INVERTED HAMMER CANDLESTICK PATTERN
BUY - ABOVE INVERTED HAMMER
STOPLOSS - BELOW INVERTED HAMMER
TARGET - 2X OF STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME - ALL
RULES
@NEERAJJOSHI @NEERAJJOSHI5014
SHOOTING STAR CANDLESTICK PATTERN
RULES
TYPE - BEARISH
COLOUR - NOT IMPORTANT
LOOK - NO OR SMALL LOWER WICK
WICK SIZE - 2X OF BODY
TREND - UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
SHOOTING STAR CANDLESTICK PATTERN
RULES
TYPE - BULLISH
COLOUR - GREEN
LOOK - NO WICK OR VERY SMALL WICK
BODY - VERY GREEN LONG BODY
TREND - NOT IMPORTANT
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH MARUBOZU CANDLESTICK PATTERN
BUY - ABOVE THE MARUBOZU
STOPLOSS - BELOW MARUBOZU
TARGET - 2X OF STOPLOSS OR UNTILL TREND CHANGES
TIME FRAME - ALL
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH MARUBOZU CANDLESTICK PATTERN
RULES
TYPE - BEARISH
COLOUR - RED
LOOK - NO WICK OR VERY SMALL WICK
BODY - VERY LONG RED BODY
TREND - NOT IMPORTANT
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH MARUBOZU CANDLESTICK PATTERN
RULES
TYPE - BULLISH
COLOUR - NOT IMPORTANT
LOOK - LONG UPPER AND LOWER WICK
WICK SIZE - 2X OF BODY (APPROX)
TREND - DOWNTREND
NOTE - UPPER & LOWER WICK MAY DIFFER IN SIZE. @NEERAJJOSHI @NEERAJJOSHI5014
BULLISH SPINNING TOP CANDLESTICK PATTERN
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH SPINNING TOP CANDLESTICK PATTERN
RULES
TYPE - BEARISH
COLOUR - NOT IMPORTANT
LOOK - LONG UPPER & LOWER WICK
WICKSIZE - 2X OF BODY
TREND - UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH SPINNING TOP CANDLESTICK PATTERN
SHORT - BELOW THE BEARISH SPINNING TOP
STOPLOSS - ABOVE THE BEARISH SPINNING TOP
TARGET - 2X OF STOPLOSS / UNTILL TREND CHANGES
TIME FRAME - ALL
@NEERAJJOSHI @NEERAJJOSHI5014
DRAGON FLY DOJI CANDLESTICK PATTERN
RULES
TYPE - BULLISH
COLOUR - NOT IMPORTANT
LOOK - LONG LOWER WICK & NO OR VERY SMALL UPPER WICK
BODY - NO BODY OR VERY SMALL BODY
TREND - DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
DRAGON FLY DOJI CANDLESTICK PATTERN
BUY - ABOVE NEXT CANDLE
STOPLOSS - BELOW DRAGONFLY DOJI
TARGET - 2X OF STOPLOSS OR UNTILL TREND CHANGES
TIME FRAME - ALL
@NEERAJJOSHI @NEERAJJOSHI5014
GRAVESTONE DOJI CANDLESTICK PATTERN
RULES
TYPE - BEARISH
COLOUR - NOT IMPORTANT
LOOK - LONG UPPER WICK & NO OR VERY SMALL LOWER WICK
BODY - NO BODY OR VERY SMALL BODY
TREND - UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
GRAVESTONE DOJI CANDLESTICK PATTERN
RULES
DOJI LONG LEGGED DOJI
TYPE - INDECISION (BOTH BULLISH & BEARISH)
COLOUR - NOT IMPORTANT
LOOK - VERY SMALL BODY
WICK - LONG UPPER & LOWER WICK
TREND - UPTREND (BEARISH) & DOWNTREND (BULLISH)
TRADE - SAME AS SPINNING TOP
@NEERAJJOSHI @NEERAJJOSHI5014
BONUS
1. NO CANDLESTICK PATTERN WORK ALWAYS, SO USE STOPLOSS.
2. USE VOLUME FOR CONFIRMATION.
3. HOW TO FIND CANDLESTICK PATTERN USING TRADINGVIEW.
4. FEW WEBSITES, TO SCREEN CANDLESTICK PATTERN.
ALL DOUBLE CANDLESTICK PATTERN
BULLISH KICKER BEARISH KICKER BULLISH ENGULFING BEARISH ENGULFING BULLISH HARAMI
BEARISH HARAMI PIERCING LINE DARK CLOUD COVER TWEEZER BOTTOM TWEEZER TOP
BULLISH KICKER PATTERN
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – 2ND CANDLE GAPUP OPENING
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH KICKER PATTERN
BUY – ABOVE 2ND GREEN CANDLE
STOPLOSS – BELOW 1ST RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH KICKER PATTERN
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – 2ND CANDLE GAPDOWN OPENING
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH KICKER PATTERN
SHORT – BELOW 2ND RED CANDLE
STOPLOSS – ABOVE 1ST GREEN CANDLE
TARGET – UNTIL TREND CHANGES
↑
TIME FRAME – ALL GAP
↓
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH ENGULFING PATTERN
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – GREEN CANDLE ENGULFS PREVIOUS (SMALLER) RED CANDLE
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH ENGULFING PATTERN
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH ENGULFING PATTERN
RULES
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – RED CANDLE ENGULFS PREVIOUS GREEN (SMALLER) CANDLE
TREND – UPTREND @NEERAJJOSHI @NEERAJJOSHI5014
BEARISH ENGULFING PATTERN
SHORT – BELOW 2ND RED CANDLE
STOPLOSS – ABOVE THE 2ND RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL
RULES
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH HARAMI PATTERN
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – LIKE A PREGNANT WOMEN(RED) WHO CARRIES THE BABY(GREEN) INSIDE HER
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH HARAMI PATTERN
BUY – ABOVE THE 2ND GREEN CANDLE
STOPLOSS – BELOW THE 1ST RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH HARAMI PATTERN
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – LIKE A PREGNANT WOMEN(GREEN) WHO CARRIES THE BABY(RED) INSIDE HER
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH HARAMI PATTERN
SHORT – BELOW 2ND RED CANDLE
STOPLOSS – ABOVE THE 1ST GREEN CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL
@NEERAJJOSHI @NEERAJJOSHI5014
PIERCING LINE
RULES
TYPE – BULLISH
1ST CANDLE – RED
2ND CANDLE - GREEN
LOOK – GREEN CANDLE OPEN BELOW THE RED CANDLE & CLOSES ABOVE MID-LINE
BODY – LONG BODY
TREND – DOWNTREND @NEERAJJOSHI @NEERAJJOSHI5014
PIERCING LINE
BUY – ABOVE THE 2ND GREEN CANDLE
STOPLOSS – BELOW THE 2ND GREEN CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL
@NEERAJJOSHI @NEERAJJOSHI5014
DARK CLOUD COVER
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – RED CANDLE OPEN ABOVE THE 1ST GREEN CANDLE & CLOSES BELOW MID-LINE
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
DARK CLOUD COVER
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – 2ND CANDLE SHOULD BE FORMED WITH SIMILAR LOW AS 1ST CANDLE
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
TWEEZER BOTTOM
va
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – 2ND CANDLE SHOULD BE FORMED WITH SIMILAR HIGH AS 1ST CANDLE
TREND – UPTREND
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TWEEZER TOP
@NEERAJJOSHI @NEERAJJOSHI5014
ALL TRIPLE CANDLESTICK PATTERN
MORNING STAR EVENING STAR BULLISH ABANDONED BABY BEARISH ABANDONED BABY THREE WHITE SOLDIERS
THREE BLACK CROWS BULLISH THREE LINE STRIKE BEARISH THREE LINE STRIKE THREE INSIDE UP THREE INSIDE DOWN
@NEERAJJOSHI @NEERAJJOSHI5014
MORNING STAR PATTERN
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - RED/GREEN
3ND CANDLE - GREEN
LOOK – 2ND CANDLE MUST BE DOJI/SPINNING TOP
TREND – DOWNTREND @NEERAJJOSHI @NEERAJJOSHI5014
MORNING STAR PATTERN
@NEERAJJOSHI @NEERAJJOSHI5014
EVENING STAR PATTERN
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED/GREEN
3ND CANDLE -RED
LOOK – 2ND CANDLE MUST BE DOJI/SPINNING TOP
TREND – UPTREND @NEERAJJOSHI @NEERAJJOSHI5014
EVENING STAR PATTERN
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH ABANDONED BABY
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - RED/GREEN
3RD CANDLE -GREEN
LOOK – GAP DOWN OPENING IN 2ND CANDLE & GAP UP OPENING IN 3RD CANDLE
TREND – DOWNTREND @NEERAJJOSHI @NEERAJJOSHI5014
BULLISH ABANDONED BABY
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED/GREEN
3RD CANDLE -RED
LOOK – GAP UP OPENING IN 2ND CANDLE & GAP DOWN OPENING IN 3RD CANDLE.
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH ABANDONED BABY
RULES
TYPE – BULLISH
1ST CANDLE - GREEN
2ND CANDLE - GREEN
3ND CANDLE - GREEN
LOOK – EACH ONE OF THEM CLOSING HIGHER THAN PRIOR CANDLE
TREND – DOWNTREND @NEERAJJOSHI @NEERAJJOSHI5014
THREE WHITE SOLDIERS
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THREE BLACK CROWS
RULES
RULES
TYPE – BEARISH
1ST CANDLE - RED
2ND CANDLE - RED
3ND CANDLE - RED
LOOK – EACH ONE OF THEM CLOSING LOWER THAN PRIOR CANDLE
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
THREE BLACK CROWS
RULES
RULES
TYPE – BULLISH
1ST CANDLE - GREEN
2ND CANDLE - GREEN
3ND CANDLE - GREEN
4TH CANDLE - BIG RED CANDLE
LOOK – 4TH CANDLE MUST RETRACES ALL THE GAINS MADE BY THE PRECEDING THREE CANDLES
TREND – DOWNTREND @NEERAJJOSHI @NEERAJJOSHI5014
BULLISH THREE LINE STRIKE
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - RED
3ND CANDLE - RED
4TH CANDLE - BIG GREEN CANDLE
LOOK – THE 4TH CANDLE'S BODY ENGULFS ALL PREVIOUS CANDLES
TREND –UPTREND @NEERAJJOSHI @NEERAJJOSHI5014
BEARISH THREE LINE STRIKE
RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
3RD CANDLE -GREEN
LOOK – 3RD CANDLE ALWAYS CLOSES ABOVE THE CLOSING PRICE OF THE SECOND CANDLE.
TREND – DOWNTREND @NEERAJJOSHI @NEERAJJOSHI5014
THREE INSIDE UP PATTERN
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
3ND CANDLE - RED
LOOK – 3RD RED CANDLE MUST CLOSE BELOW THE 2ND RED CANDLE
TREND – UPTREND
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THREE INSIDE DOWN PATTERN