SINGLE CANDLESTICK PATTERN
TWO TYPES OF CANDLES
GREEN RED
EACH CANDLE CONSIST OF THREE PARTS
BODY UPPER WICK LOWER WICK
INDICATION OF CANDLE STICKS PRICE
BULLISH CANDLE STICK BEARISH CANDLE STICK
INCREASING DECREASING
FORMATION OF CANDLE STICKS PRICE
HIGH PRICE HIGH PRICE
CLOSE PRICE OPEN PRICE
OPEN PRICE CLOSE PRICE
LOW PRICE LOW PRICE
PAGE NO #1
HAMMER CANDLESTICK PATTERN
RULES
TYPE: BULLISH
COLOR: NOT IMPORTANT
LOOK: NO OR SMALL UPPER WICK
WICK SIZE: 2X OF BODY
TREND: DOWNTREND
BUY: ABOVE HAMMER
STOPLOSS: BELOW HAMMER
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
HANGING MAN CANDLESTICK PATTERN
RULES
TYPE: BEARISH
COLOR: NOT IMPORTANT
LOOK: NO OR SMALL UPPER WICK
WICK SIZE: 2X OF BODY
TREND: UPTREND
BUY: BELOW HANGING MAN
STOPLOSS: ABOVE HANGING MAN
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
INVERTED HAMMER CANDLESTICK PATTERN
RULES
TYPE: BULLISH
COLOR: NOT IMPORTANT
LOOK: NO OR SMALL LOWER WICK
WICK SIZE: 2X OF BODY
TREND: DOWNTREND
BUY: ABOVE INVERTED HAMMER
STOPLOSS: BELOW INVERTED HAMMER
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
PAGE NO #2
SHOOTING STAR CANDLESTICK PATTERN
RULES
TYPE: BEARISH
COLOR: NOT IMPORTANT
LOOK: NO OR SMALL LOWER WICK
WICK SIZE: 2X OF BODY
TREND: UPTREND
BUY: BELOW SHOOTING STAR
STOPLOSS: ABOVE SHOOTING STAR
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
BULLISH MARUBOZU CANDLESTICK PATTERN
RULES
TYPE: BULLISH
COLOR: GREEN
LOOK: NO WICK OR VERY SMALL WICK
TREND: NOT IMPORTANT
BUY: ABOVE BULLISH MARUBOZU
STOPLOSS: HALF OF MARUBOZU
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
BEARISH MARUBOZU CANDLESTICK PATTERN
RULES
TYPE: BEARISH
COLOR: RED
LOOK: NO WICK OR VERY SMALL WICK
TREND: NOT IMPORTANT
BUY: BELOW BEARISH MARUBOZU
STOPLOSS: HALF OF MARUBOZU
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
PAGE NO #3
BULLISH SPINNING TOP CANDLESTICK PATTERN
RULES
TYPE: BULLISH
COLOR: NOT IMPORTANT
LOOK: LONG UPPER AND LOWER WICK
WICK SIZE: 2X OF BODY
TREND: DOWNTREND
BUY: ABOVE BULLISH SPINNING TOP
STOPLOSS: BELOW BULLISH SPINNING TOP
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
BEARISH SPINNING TOP CANDLESTICK PATTERN
RULES
TYPE: BEARISH
COLOR: NOT IMPORTANT
LOOK: LONG UPPER AND LOWER WICK
WICK SIZE: 2X OF BODY
TREND: UPTREND
BUY: BELOW BEARISH SPINNING TOP
STOPLOSS: ABOVE BEARISH SPINNING TOP
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
DOJI AND LONG LEGGED DOJI CANDLESTICK PATTERN
RULES
TYPE: INDECISION (BOTH BULLISH & BEARISH)
COLOR: NO IMPORTANT
LOOK: SMALL BODY (LONG WICK)
TREND: UPTREND (BEARISH) DOWNTREND (BULLISH)
BUY: SAME AS SPINNING TOP CANDLE
TIMEFRAME: (1M TO 5M)
PAGE NO #4
DRAGON FLY DOJI CANDLESTICK PATTERN
RULES
TYPE: BULLISH
COLOR: NOT IMPORTANT
LOOK: NO WICK OR SMALL UPPER WICK
AND LONG LOWER WICK
TREND: DOWNTREND
BUY: ABOVE NEXT CANDLE
STOPLOSS: BELOW DRAGON FLY DOJI
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
GRAVESTONE DOJI CANDLESTICK PATTERN
RULES
TYPE: BEARISH
COLOR: NOT IMPORTANT
LOOK: NO WICK OR SMALL LOWER WICK
AND LONG UPPER WICK
TREND: UPTREND
BUY: BELOW NEXT CANDLE
STOPLOSS: ABOVE GRAVESTONE DOJI
TARGET: 2X STOPLOSS OR UNTILL TREND CHANGES
TIMEFRAME: (1M TO 5M)
PAGE NO #5
