Discover the top ten candlestick patterns for effective technical analysis.

Discover the top ten candlestick patterns for effective technical analysis.

Bullish Engulfing Pattern: A strong bullish signal where a smaller bearish candle is followed by a larger bullish candle, indicating a potential reversal.

#1

#1

Bearish Engulfing Pattern: A strong bearish signal where a smaller bullish candle is followed by a larger bearish candle, suggesting a potential downward trend.

#2

#2

Hammer: A bullish reversal pattern characterized by a small body and long lower shadow, indicating a possible trend reversal from bearish to bullish.

#3

#3

Shooting Star: A bearish reversal pattern with a small body and long upper shadow, suggesting a potential trend reversal from bullish to bearish.

#4

#4

Doji: A candlestick with a small body, indicating indecision in the market. It suggests a potential trend reversal when found at key support or resistance levels.

#5

#5

Morning Star: A bullish reversal pattern consisting of three candles: a bearish candle, a small body candle, and a larger bullish candle, signaling a potential upward move.

#6

#6

Evening Star: A bearish reversal pattern with three candles: a bullish candle, a small body candle, and a larger bearish candle, indicating a potential downward move.

#7

#7

Bullish Harami: A pattern with a small bearish candle followed by a larger bullish candle, indicating a potential trend reversal from bearish to bullish.

#8

#8

Bearish Harami: A pattern with a small bullish candle followed by a larger bearish candle, suggesting a potential trend reversal from bullish to bearish.

#9

#9

Hanging Man: A bearish reversal pattern characterized by a small body and long lower shadow, indicating a potential trend reversal from bullish to bearish.

#10

#10

Next: Top Ten Technical Indicators for Stock Analysis

Next: Top Ten Technical Indicators for Stock Analysis