candle stick

CandleStick Patterns

Basic CandleStick Patterns:
Here are basic candlestick patterns used in Forex Trading:

1. White CandleStick
   Signals uptrend movement (those occur in different lengths, the longer the body, the more significant the price increase)
   
2. Black CandleStick
   Signals downtrend movement (those occur in different lengths, the longer the body, the more significant the price decrease)
   
3. Long Lower Shadow
   Bullish signal (the lower shadow must be at least the body's size, the longer the lower shadow, the more reliable the signal)
   
4. Long Upper Shadow
   Bearish signal (the upper shadow must be at least the body's size, the longer the upper shadow, the more reliable the signal)
   
5. Hammer
   A bullish pattern during a downtrend (long lower shadow and small or no body)
   
6. Inverted Hammer
   Signals bottom reversal, however confirmation must be obtained from next trade (may be either a white or black body)
   
7. Spinning Top White
   The White Spinning Top is a single candlestick pattern. Its shape is a small white body with upper and lower shadows that have a greater length than the body's length. Neutral pattern, meaningful in combination with other candlestick patterns
   
8. Spinning Top Black
   The Black Spinning Top is a single candlestick pattern. Its shape is a small black body with upper and lower shadows having a greater length than the body's length Neutral pattern, meaningful in combination with other candlestick patterns
   
9. Doji
   If a currency has virtually equal opening and closing prices, this leads to a Doji. The length of the upper and lower shadows of a Doji can vary and consequently the resulting candlestick may look like a cross, inverted cross or a plus sign. Doji, taken alone, is a neutral pattern, meaningful in combination with other candlestick patterns
   
10. Long Legged Doji
    Signals a top reversal
    
11. Dragonfly Doji
    Signals trend reversal (no upper shadow, long lower shadow)
    
12. Gravestone Doji
    Signals trend reversal (no lower shadow, long upper shadow)
    
13. Marubozu White
    Dominant bullish trades, continued bullish trend (no upper, no lower shadow)
    
14. Marubozu Black
    Dominant bearish trades, continued bearish trend (no upper, no lower shadow)