BULLISH

CANDLESTICKS
CHEAT SHEET

W W W. S TO C K S N I P E R T R A D I N G. C O M
 BULLISH CANDLESTICKS

BULLISH BULLISH BULLISH

HAMMER
ENGULFING HARAMI PINBAR

INVERTED
SPINNING TOP DOJI DRAGON FLY DOJI
HAMMER

THE THREE
THE MORNING STAR
WHITE SOLDIERS

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 BULLISH ENGULFING
A Bullish Engulfing Pattern is a technical chart pattern that
signals higher prices to come.

Bullish Candle

Bullish Candle
closes above previous
Bearish Candle Bearish Candle Open

Open

The length of the bullish candle

“Engulfs” the previous red candle

Close
Bullish Candle
opens at, or lower
than Bearish Candle Close

Gap Lower

• A bearish downtrend was established on a higher timeframe

• The price reached a previous support level, where buying volume increased

• A Bullish Engulfing candlestick completely ‘engulfed’ the previous red

bearish candlestick

• A new bullish uptrend was established where price action made higher
highs and higher lows

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 HAMMER CANDLESTICK
A Hammer is a bullish reversal candlestick pattern.

High Little to no
Close upper wick

Open

Long Lower
Wick
Hammer
Low Candlestick SUPPORT

• A bearish downtrend was established

• Price action eventually reached a level of support where buying

volume increased

• A long lower wick was formed at the support level representing

rejection, and buyers increasing the price higher

• A bullish body created the top of the Hammer candlestick with little
to no upper wick, and a strong bullish close

• A new bullish uptrend was established where price action made higher
highs and higher lows

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 BULLISH HARAMI
A Bullish Harami
z is a two candle pattern indicating that a bearish
trend may be reversing.

Bullish Harami
Body is entirely within
the previous Bearish body
Bullish Harami
Candlestick

• A bearish downtrend was established of 3 or more bearish candles

• Price action eventually reached a level of support where buying

volume increased

• A bullish candle gapped up and opened inside the previous red

bearish candle

• A bullish close inside the previous bearish candle created the

Bullish Harami candlestick

• Bullish price action eventually broke through a previous resistance level

• A bullish uptrend was established as price action made higher highs

and higher lows

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 BULLISH PINBAR
A pin bar pattern consists of one candle, which represents
a sharp reversal and rejection of price.

High
Bullish body close

Close Bullish
Open Continuation

Wick

Low
Long lower
rejection wick (buyers)

• Price action traded in an area of consolidation

• A bullish breakout formed but was erased by a bearish candle as sellers

pushed price action back into consolidation (fake breakout)

• A bearish downtrend was established

• Price action eventually returned to a previous support level where

buying volume increased

• A long lower rejection wick was formed at the support level where
buying volume increased

• A bullish body close signaled buying momentum

• Price action opened above the previous resistance level and established
bullish continuation in price action

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 SPINNING TOP
Spinning top is a Japanese candlesticks pattern.

Bearish
Downtrend

Close
Potential Bullish
Open Direction Uptrend

Indecision Bullish Spinning Top

Candlestick
(Green Body Close)

• A bearish downtrend was created with 3 or more bearish candlesticks.

• Price action eventually reached a previous support level and buying

volume increased.

• A Bullish Spinning Top candlestick was formed with a long lower

wick showing rejection as buyers increased the price, and closed
with a green body.

• Bullish momentum increased as more buyers entered the market

and established a bullish uptrend

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 INVERTED HAMMER
Inverted Hammer is a type of candlestick pattern found after a
downtrend, and is usually taken to be a trend reversal signal.

Inverted
Hammer Reversal

Long Upper
Wick

Close

Open Little to no
lower wick

SUPPORT

• A bearish downtrend was established with 3 or more bearish candlesticks

• Price action eventually reached a previous support level where buying

volume increased

• A long upper wick was created as buyers pushed the price action up,
but encountered selling pressure near the close of the timeframe

• A bullish body close above the support level maintains bullishness

and the Inverted Hammer

• Increased buying volume entered the market and a bullish uptrend

was established

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 DOJI
A doji is a name for a session in which the candlestick for a security
has an open and close that are virtually equal and are often
components in patterns.

High

Open
Close

Low

Doji

• Neutral Candlestick

• Open & Close virtually equal

• Looks like a cross or “+” sign

• Found in Consolidation

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 DRAGONFLY DOJI
A Dragonfly Doji is a type of candlestick pattern that can signal a
potential reversal in price to the downside or upside,
depending on past price action..

High
Open
Close

Dragonfly
Low SUPPORT
Doji

• Momentum pause Candle

• Open & Close virtually equal

• Looks like a T

• Found in Consolidation

• Clue that buyers have taken control

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 THE MORNING STAR
The morning star candle is a visual pattern consisting of three or more
candlesticks that is interpreted as a bullish sign by technical traders.

Morning
Large Bullish Star Pattern
Body
Large Bearish
Body

Large Bearish Large Bullish

Body Body
SUPPORT
SUPPORT

• A bearish downtrend was established

• Price action eventually formed a new support level as buyers entered

the market

• The Morning Star candlestick pattern was created (3 candles), a long red
bearish candlestick, a small indecision candlestick (Doji or Spinning Top),
and a long green bullish candlestick

• This pattern created a bullish reversal as buying volume increased and

established an uptrend

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 THE THREE WHITE SOLDIERS
Three White Soldiers is a bullish candlestick pattern that is used to
predict the reversal of a current downtrend.

Ignited Candle
(No Bottom Wick)

3 White Soldiers

3 Consecutive
Full Bodies
Bullish Candlesticks

SUPPORT

• Price action created an area of consolidation

• A support level was created in this consolidation period

• A resistance level was also created in this consolidation period

• The 3 White Soldiers candlestick pattern was created (3 candles) where

it created 3 consecutive full bodied bullish candlesticks as it broke through
the previous resistance level created in the consolidation period

• Bullish momentum continued as new buyers entered the market after

this bullish pattern was created

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 BEARISH
CANDLESTICKS
CHEAT SHEET

W W W. S TO C K S N I P E R T R A D I N G. C O M
 BEARISH CANDLESTICKS

BEARISH BEARISH BEARISH

SHOOTING STAR
ENGULFING HARAMI PINBAR

BEARISH HANGING
DOJI GRAVESTONE DOJI
SPINNING TOP MAN

THE THREE
EVENING STAR DARK CLOUD
BLACK CROWS

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 BEARISH ENGULFING
A Bearish Engulfing Pattern is a technical chart pattern that
signals lower prices to come.

Bearish Candle
Bearish candle opens at, or
above the previous candle’s close

The length of the bearish candle

“Engulfs” the previous green candle
Bearish Candle closes
below the previous
candle’s open

• Bearish Reversal Pattern

• Technical Chart Pattern

• Engulfing Pattern

• Reversal Pattern

• Sell Zone

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 SHOOTING STAR
The Shooting Star is a bearish reversal candlestick
indicating a peak or top.

RESISTANCE
High
Long Upper Shooting Star
Wick

Open

Little to
Close
No Wick
Low
SUPPORT

• Technical Chart Pattern

• Trend Reversal Pattern

• Rejection Candle

• Wick 3/2x the size of the body

• Body can be red or green

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 BEARISH HARAMI
A Bearish
z Harami is a two candle pattern indicating that a
bullish trend may be reversing.

RESISTANCE
HIGH Bearish Harami
Body is entirely within
CLOSE the previous Bullish body
HIGH

OPEN

CLOSE

LOW
OPEN

LOW
SUPPORT

• Technical Chart Pattern

• Trend Reversal Pattern

• Harami Meaning: Pregnant

• Signal Candlestick

• 2 Candle Pattern

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 BEARISH PINBAR
A pin bar pattern consists of one candle, which represents a sharp
reversal and rejection of price.

High
RESISTANCE

Wick
Bearish
Pinbar
Body

Low

• Technical Chart Pattern

• Trend Reversal Pattern

• Long Wick + Small Bodies

• Rejection Candle

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 BEARISH SPINNING TOP
Spinning top is a Japanese candlesticks pattern with a short body
found in the middle of two long wicks.

RESISTANCE

Spinning Top
Indecision Candle
Open
Potential
Close Direction

Indecision

• Indecision Candle

• Neutral Candle

• Consolidation Candle

• Rejection Candle

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 HANGING MAN
InveThe Hanging Man is a bearish reversal pattern, made up of just
one candle, found in an uptrend of three or more bullish candles.

Little to no
Upper Wick RESISTANCE
High
Open

Close

Long Lower
Wick
Hanging Man
Low

• Signals Bearish Reversal

• Technical Chart Pattern

• Reversal Pattern

• Wick 3/2x the size of the body

• Commonly found in uptrend

• Can be red or green

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 DOJI
A doji is a name for a session in which the candlestick for a security
has an open and close that are virtually equal and are often
components in patterns.

High

Open
Close

Low

Doji

• Neutral Candlestick

• Open & Close virtually equal

• Looks like a cross or “+” sign

• Found in Consolidation

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 GRAVESTONE DOJI
The Gravestone Doji Candlestick pattern can be interpreted as a
bearish reversal when it occurs at the top of uptrends.

Gravestone
Doji
High
RESISTANCE

Open Close
Low

• Momentum pause Candle

• Open & Close virtually equal

• Looks like a upside down T

• Found in Consolidation

• Clue that sellers have taken control

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 EVENING STAR
The morning star and the evening star are visual patterns consisting
of three or more candlesticks that are interpreted as a bullish or
bearish sign by technical traders.

Evening
Star Pattern

RESISTANCE

Large Bullish Large Bearish

Body Body

• 3 or more candlesticks

• Signals a Bearish Reversal

• Sign of Despair

• 1 short body candle between a long red and green candle

• Found in a uptrend

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 THE THREE BLACK CROWS
Three Black Crows is a bearish candlestick pattern that is used to
predict the reversal of a current uptrend.

RESISTANCE

Ignited Candle
(No Top Wick)

3 Black Crows
3 consecutive full bodied
Bearish Candlesticks

• 3 or more candlesticks

• Signals a Bearish Reversal

• 3 consecutive full bodied Bearish Candlesticks

• Found in a uptrend

• Used on higher timeframe

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 DARK CLOUD
The Dark Cloud Cover pattern is a candlestick pattern that signals a
potential reversal to the downside.

RESISTANCE
Bullish
Candle

50%
Closes below the
50% 50% level of the
preceding Engulfs
Bullish Candle

• Signals Bearish Reversal

• Moderate Strength

• Must close 50% or below of the previous Bullish Candle

• Needs confirmation Bearish Candle to continue pattern

• 2 Red Candles “Engulfs” the previous Green Candle

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