How to Read Candlestick Charts

The candlesticks are used to identify trading patterns that help technical analyst set up their trades.

These candlestick patterns are used for predicting the future direction of the price movements.

The candlestick patterns are formed by grouping two or more candlesticks in a certain way.

Sometimes powerful signals can also be given by just one candlestick.

In this blog, we will discuss all 35 powerful candlestick patterns, but before that, let us discuss how to read candlestick charts.

• How to Read Candlestick Charts?

• 35 Types of Candlestick Patterns:

• Bullish Reversal Candlestick Patterns:

• 1. Hammer:

• 2. Piercing Pattern:

• 3. Bullish Engulfing:

• 4. The Morning Star:

• 5. Three White Soldiers:

• 6. White Marubozu:

• 7. Three Inside Up:

• 8. Bullish Harami:

• 9. Tweezer Bottom:

• 10. Inverted Hammer:

• 11. Three Outside Up:

• 12. On-Neck Pattern:

• 13. Bullish Counterattack-

• Bearish Candlestick Pattern:

• 14. Hanging man:

• 15. Dark cloud cover:

• 16. Bearish Engulfing:

• 17. The Evening Star:

• 18. Three Black Crows:

• 19. Black Marubozu:

• 20. Three Inside Down:

• 21. Bearish Harami:

• 22. Shooting Star:

• 23. Tweezer Top:

• 24. Three Outside Down:

• 25. Bearish Counterattack-

• Continuation Candlestick Patterns:

• 26. Doji:

• 27. Spinning Top:

• 28. Falling Three Methods:

• 29. Rising Three Methods:

• 30. Upside Tasuki Gap:

• 31. Downside Tasuki Gap:

• 32. Mat-Hold-

• 33. Rising Window-

• 34. Falling Window-

• 35. High Wave-

• Filter Stocks with Specific Candlestick Chart Patterns using StockEdge:

• Short Online Courses on Candlestick Patterns:

• 1. Candlestick Made Easy-

• 2. Master Of Technical Analysis-

• Short Online Webinars on Candlestick Patterns:

• 1. Trade better with Candlestick-

• 2. Psychology behind Candlestick Pattern –

• 3. Identifying trading opportunities using candlesticks analysis-

• 4. Trading made easy with Candlesticks in Tamil –

• You can also watch the video on candlesticks charts from here.

• Bottomline: