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Candlestick Patterns Cheat Sheet

All major candlestick patterns on one printable page. Download the PDF and keep it on your desk for quick reference while trading.

Candlestick Patterns Quick Reference

Complete guide to bullish, bearish, and neutral candlestick formations

Bullish Reversal Patterns

Hammer
Bullish Reversal
Small body + long lower wick (2x body). Appears at support. Buyers rejected lower prices.
Confirm: Next candle closes higher
Inverted Hammer
Bullish Reversal
Small body + long upper wick at the bottom of a downtrend. Buyers attempted to push higher.
Confirm: Strong green candle follows
Bullish Engulfing
Strong Bullish Reversal
Large green candle completely engulfs the prior red candle's body. Strongest 2-candle reversal.
Confirm: High volume on green candle
Morning Star
Strong Bullish Reversal
3-candle pattern: large red → small star → large green. Star shows indecision before bulls take control.
Confirm: Green candle closes above 50% of red candle
Marubozu (Bullish)
Strong Bullish Momentum
Large green candle with no wicks. Buyers dominated the entire session. Strong continuation signal.
Confirm: High volume, strong trend context
Three White Soldiers
Strong Bullish Reversal
Three consecutive large green candles, each opening within the prior body and closing near the high.
Confirm: Appears after a downtrend

Bearish Reversal Patterns

Shooting Star
Bearish Reversal
Small body + long upper wick (2x body). Appears at resistance. Sellers rejected higher prices.
Confirm: Next candle closes lower
Hanging Man
Bearish Reversal
Same shape as a Hammer but appears at the TOP of an uptrend. Signals that selling pressure is emerging.
Confirm: Next candle closes below the body
Bearish Engulfing
Strong Bearish Reversal
Large red candle completely engulfs the prior green candle's body. Strongest 2-candle reversal.
Confirm: High volume on red candle
Evening Star
Strong Bearish Reversal
3-candle pattern: large green → small star → large red. Star shows indecision before bears take control.
Confirm: Red candle closes below 50% of green candle
Three Black Crows
Strong Bearish Reversal
Three consecutive large red candles, each opening within the prior body and closing near the low.
Confirm: Appears after an uptrend
Dark Cloud Cover
Bearish Reversal
Red candle opens above prior green close but closes below its midpoint. Bears overwhelm bulls mid-session.
Confirm: Appears at resistance level

Indecision & Continuation Patterns

Doji
Indecision
Open ≈ Close. Perfect balance between buyers and sellers. Signals potential reversal when at key levels.
Gravestone Doji
Bearish Bias
Long upper wick, no lower wick. Buyers pushed price up but sellers completely reversed it. Bearish at tops.
Dragonfly Doji
Bullish Bias
Long lower wick, no upper wick. Sellers pushed price down but buyers completely reversed it. Bullish at bottoms.
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Quick Reference: Trading Rules

Pattern Signal Entry Stop Loss Target
Hammer Bullish Above hammer high Below hammer low Next resistance
Shooting Star Bearish Below star low Above star high Next support
Bullish Engulfing Bullish Above green candle high Below red candle low 2:1 R:R minimum
Bearish Engulfing Bearish Below red candle low Above green candle high 2:1 R:R minimum
Morning Star Bullish Above 3rd candle high Below 1st candle low Prior swing high
Evening Star Bearish Below 3rd candle low Above 1st candle high Prior swing low
Doji Neutral Wait for next candle direction Opposite extreme of Doji Context-dependent

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