Candlestick Patterns

Topics Covered

• Master single-, two-, and three-candle formations used by manual traders to read momentum shifts, reversals, and continuations at key chart locations.
• Single-Candle Patterns
• Two-Candle Patterns
• Three-Candle Patterns
• Pattern Reliability & Filters
• Doji: A doji forms when open and close are nearly equal, signaling balance and potential turning points at extremes.
• Hammer and Hanging Man: Single candles with small bodies atop long lower wicks — hammers at lows suggest buying rejection; hanging men at highs warn of weakness.
• Shooting Star and Inverted Hammer: Long upper wick candles that show rejection from higher prices or tentative buying after declines.