Candlestick patterns are one of the most important tools used in trading. They help traders understand market psychology, price movement, and possible reversals.
These patterns are widely used in Forex, Stocks, Crypto, and Commodities trading.
What Are Candlestick Patterns?
Candlestick patterns are chart formations created by price movement during a specific time period.
Each candlestick shows:
- Open price
- Close price
- High price
- Low price
Candles help traders understand buyer vs seller strength.
Structure of a Candlestick
A candlestick has two main parts:
Body
Shows the difference between open and close.
Wicks (Shadows)
Show the highest and lowest price.
Types:
🟢 Bullish Candle → Price closed higher than open
🔴 Bearish Candle → Price closed lower than open
Most Powerful Candlestick Patterns
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Ultimate Candlestick Patterns Cheat Sheet (All 50 With Chart Guide)
Candlestick patterns are one of the most powerful tools used in price action trading. These patterns help traders understand market psychology, trend reversals, and continuation signals.
This cheat sheet explains 50 important candlestick patterns used in Forex, Stocks, Crypto, and Commodities trading.
Bullish Reversal Candlestick Patterns
These patterns usually appear after a downtrend and signal a potential price increase.
1. Hammer
📈 Signal: Bullish Reversal
Reason for Trade
Sellers push the price down, but buyers push it back up strongly. This shows strong buying pressure.
🔗 For More Details
https://fxwithaks.com/hammer-candlestick-pattern
2. Inverted Hammer
📈 Signal: Possible Bullish Reversal
Reason
Buyers attempt to push the price higher after a downtrend.
🔗 More Details
https://fxwithaks.com/inverted-hammer-candlestick-pattern
3. Bullish Engulfing
📈 Signal: Strong Bullish Reversal
Reason
A bullish candle completely engulfs the previous bearish candle.
🔗 More Details
https://fxwithaks.com/bullish-engulfing-pattern
4. Morning Star
📈 Signal: Trend Reversal
Reason
Three-candle pattern showing transition from selling pressure to buying pressure.
🔗 More Details
https://fxwithaks.com/morning-star-candlestick-pattern
5. Piercing Line
📈 Signal: Bullish Reversal
Reason
Second candle closes above half of the previous bearish candle.
🔗 More Details
https://fxwithaks.com/piercing-line-candlestick-pattern
6. Three White Soldiers
📈 Signal: Strong Uptrend
Reason
Three consecutive bullish candles show buyers controlling the market.
🔗 More Details
https://fxwithaks.com/three-white-soldiers-pattern
7. Dragonfly Doji
📈 Signal: Bullish Reversal
Reason
Price rejects lower levels strongly.
🔗 More Details
https://fxwithaks.com/dragonfly-doji-candlestick-pattern
8. Bullish Harami
📈 Signal: Reversal Signal
Reason
Small bullish candle inside a bearish candle indicates trend exhaustion.
🔗 More Details
https://fxwithaks.com/bullish-harami-pattern
9. Tweezer Bottom
📈 Signal: Support Reversal
Reason
Two candles with equal lows indicate strong support level.
🔗 More Details
https://fxwithaks.com/tweezer-bottom-pattern
10. Bullish Kicker
📈 Signal: Strong Bullish Momentum
Reason
Sudden shift in sentiment from bearish to bullish.
🔗 More Details
https://fxwithaks.com/bullish-kicker-pattern
Bearish Reversal Candlestick Patterns
These patterns appear after an uptrend and suggest a possible price drop.
11. Shooting Star
📉 Signal: Bearish Reversal
Reason
Long upper wick shows rejection of higher prices.
🔗 More Details
https://fxwithaks.com/shooting-star-candlestick-pattern
12. Hanging Man
📉 Signal: Trend Weakness
Reason
Appears at the top of an uptrend showing sellers entering the market.
🔗 More Details
https://fxwithaks.com/hanging-man-candlestick-pattern
13. Bearish Engulfing
📉 Signal: Strong Sell Signal
Reason
Bearish candle completely covers the previous bullish candle.
🔗 More Details
https://fxwithaks.com/bearish-engulfing-pattern
14. Evening Star
📉 Signal: Bearish Reversal
Reason
Market sentiment shifts from buyers to sellers.
🔗 More Details
https://fxwithaks.com/evening-star-candlestick-pattern
15. Dark Cloud Cover
📉 Signal: Bearish Momentum
Reason
Second candle closes below the midpoint of the bullish candle.
🔗 More Details
https://fxwithaks.com/dark-cloud-cover-pattern
16. Three Black Crows
📉 Signal: Strong Downtrend
Reason
Three strong bearish candles indicate heavy selling pressure.
🔗 More Details
https://fxwithaks.com/three-black-crows-pattern
17. Gravestone Doji
📉 Signal: Bearish Reversal
Reason
Buyers fail to maintain higher prices.
🔗 More Details
https://fxwithaks.com/gravestone-doji-candlestick-pattern
18. Bearish Harami
📉 Signal: Reversal Warning
Reason
Small bearish candle inside bullish candle shows weakening buyers.
🔗 More Details
https://fxwithaks.com/bearish-harami-pattern
19. Tweezer Top
📉 Signal: Resistance Reversal
Reason
Two candles with equal highs indicate strong resistance.
🔗 More Details
https://fxwithaks.com/tweezer-top-pattern
20. Bearish Kicker
📉 Signal: Strong Bearish Momentum
Reason
Sharp shift from bullish to bearish sentiment.
🔗 More Details
https://fxwithaks.com/bearish-kicker-pattern
Continuation Candlestick Patterns
These patterns show trend continuation.
- Rising Three Methods
- Falling Three Methods
- Inside Bar
- Outside Bar
- Marubozu
- Upside Tasuki Gap
- Downside Tasuki Gap
- Separating Lines
- Side-by-Side White Lines
- Belt Hold
Neutral Candlestick Patterns
These patterns show market indecision.
- Doji
- Long-Legged Doji
- Spinning Top
- Rickshaw Man
- High Wave Candle
Advanced Candlestick Patterns
- Ladder Bottom
- Concealing Baby Swallow
- Deliberation Pattern
- Matching High
- Matching Low
- Three Inside Up
- Three Inside Down
- Three Outside Up
- Three Outside Down
- Abandoned Baby
- Stick Sandwich
- Breakaway Pattern
- Unique Three River
- Upside Gap Two Crows
- Tri-Star Pattern
Pro Trading Tip
Candlestick patterns become much stronger when combined with:
✔ Support & Resistance
✔ Market Structure
✔ Trend Direction
✔ Volume Confirmation
Never trade patterns alone.
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