Candlesticks

Abandoned Baby First day is usually a long black day

Trend: Bullish Second day is a doji that gaps in the direction of the previous trend
Reliability: High The third day is a white day, gapping in the opposite direction, with no
overlapping shadows
Abandoned Baby First day is usually a long white day
Trend: Bearish Second day is a doji that gaps in the direction of the previous trend
Reliability: High The third day is a black day, gapping in the opposite direction, with no
overlapping shadows

Concealing Baby The first two days are Black Marubozu days
Trend: Bullish The third day is black day that gaps downward, but trades into the body
Reliability: High of the second day
The fourth day is a Black Marubozu day that engulfs the third day
Dark Cloud Cover A white body followed by a black body.
Trend: Bearish The black body passes the midpoint of the prior white body.
Reliability: High Occurs in an up trend

Dragonfly Doji The long lower shadow is about two to three times of the real body.
Trend: Bearish Little or no upper shadow.
Reliability: Moderate The real body is at the upper end of the trading range. The color of the
real body is not important.
Dragonfly Hanging Small real body at the upper end of the trading range
Man Lower shadow at least twice as long as the real body
Trend: Bearish No (or almost no) upper shadow
Reliability: Low
Engulfing The first day's color indicates the trend of the trading day.
Trend: Bearish The second real body should have the opposite color of the first real
Reliability: Moderate body.
The second day's body should completely engulf the
Engulfing The first day's color indicates the trend of the trading day.
Trend: Bullish The second real body should have the opposite color of the first real
Reliability: Moderate body.
The second day's body should completely engulf the previous day's
body.
The first day is a long white day.
Evening Star The second day gap higher from the first day.
Trend: Bearish The third day is a long black day and close below the midpoint of the first
Reliability: High white day.
Falling Three Methods The first day is a long black day.
Trend: Bearish The second, third, and fourth days have small real bodies and follow a
Reliability: High brief uptrend pattern, but stay within the range of the first day.
The fifth day is a long black day that closes below the close of the first
day.
Gravestone Doji Small real body at the upper end of the trading range. Upper shadow
Trend: Bullish usually at least three times as long as the real body No (or almost no)
Reliability: Moderate lower shadow

Hammer The long lower shadow is about two to three times of the real body.
Trend: Bullish Little or no upper shadow.
Reliability: The real body is at the upper end of the trading range. The color of the
Low/Moderate real body is not important.
A long body followed by a shot body with opposite color.
Harami A short body is completely within the prior day's long body. The color of
Trend: Bearish the second candle ( the baby) is not important.
Reliability: Low
Harami A long body followed by a shot body with opposite color.
Trend: Bullish A short body is completely within the prior day's long body. The color of
Reliability: Low the second candle ( the baby) is not important.

Morning Star Doji The first day is a black day which indicates market trend.
Trend: Bullish The second day must be a Doji day.
Reliability: High The third day is a white day and supports the reversal of the trend.

Piercing Line A long black body followed by a white body.

Trend: Bullish The white body pierces the midpoint of the prior white body.
Reliability: Moderate Occurs in a downtrend

Rain Drop A Rain Drop appears when a small body gaps BELOW the previous
Trend: Bullish day's long body. Rain Drops are part of the more complicated patterns,
Reliability: Moderate especially the reversal patterns
Rising Three Methods The first day is a long white day.
Trend: Bullish The second, third, and fourth days have small real bodies and follow a
Reliability: High brief downtrend pattern, but stay within the range of the first day.
The fifth day is a long white day that closes above the close of the first
day.
Star A Star appears when a small body gaps ABOVE the previous day's long
Trend: Bearish body. Stars are part of more complicated candlestick patterns, especially
Reliability: Moderate the reversal patterns.
Spinning Tops The Spinning Tops have longer shadow than the real body. The color of
Trend: Neutral the real bodies is not very important. The pattern indicates the indecision
Reliability: Low between the bullish and bearish trends.
Shooting Star A very long upper shadow.
Trend: Bearish The small real body at the lower end of the price range. The real body
Reliability: Moderate gaps away from the prior real body.

Three Black Crows Three black days occur, each with a close below the previous day.
Trend: Bearish Each day opens within the body of the previous day.
Reliability: High Each day closes near or at the low of the day.

Three White Soldiers Three long white days occur, each with a higher close than the previous
Trend: Bullish day.
Reliability: High Each day opens within the body of the previous day.
Each day closes near or at the high of the day.
High Low Open Close

Black Candle = Filled Candle = close < open

White Candle = Empty Candle = close > open
Doji Candle = open equals close