INTRODUCTION :

Candlesticks is a smiley of the market, by it market communicate with a trader.

It shows the pictorial or tag of war of buyers and sellers.

TYPE OF CANDLE STICKS :

i) Here the green candle is Bullish candle. It shows the Bullish pressure of the market.
ii) Here the red candle is bearish candle. It shows the Bearish pressure of the market.

INTERPROTATION :
Candle sticks show us four type of price. OPEN, CLOSE, HIGH & LOW.

SENTIMENT :
Candle sticks show us two type of market sentiment.
i) Trend Reversal.
ii) Trend Continuation.
INTRODUCTION :
Hammer is a kind of bullish reversal candlestick
pattern, It is a single candle, and appears after a
downtrend. It looks like a hammer, It’s body should
be small and the lower wick will be double than
candle body. Upper wick should not be more than
candle body.

INTERPROTATION :
Hammer show us the bullish pressure in the market.

SENTIMENT :

Hammer is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

Hanging Man is a kind of Bearish reversal candlestick pattern, it is a single candle, and appears
after uptrend. It’s body should be small and the lower wick will be double than candle body.
Upper wick should not be more than candle body.

INTERPROTATION :
Hanging Man show us the bearish pressure in the market.

SENTIMENT :

Hanging Man is a good bearish reversal pattern. It works in uptrend.

INTRODUCTION :
Inverted Hammer is a kind of bullish reversal candlestick pattern, It is a single candle, and
appears after downtrend. It looks like a inverted hammer, It’s body should be small and the
Upper wick will be double than candle body. Lower wick should not be more than candle body.

INTERPROTATION :
Inverted Hammer shows us the bullish pressure in the market.

SENTIMENT :

Inverted Hammer is a good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

Shooting Star is a kind of Bearish reversal candlestick pattern, it is a single candle, and appears
after uptrend. It’s body should be small and the upper wick will be double than candle body.
Lower wick should not be more than candle body.

INTERPROTATION :
Shooting Star shows us the bearish pressure in the market.

SENTIMENT :

Shooting Star is a very good bearish reversal pattern. It works in uptrend.

INTRODUCTION :

Bullish Engelfin is a kind of bullish reversal candlestick pattern, it is a dual candlestick pattern,
and appears after a downtrend. First candle must be average size bearish candle.
Second candle must be a bullish candle which should be close above first candle’s body.

INTERPROTATION :
Bullish Engelfin shows us the bullish pressure in the market.

SENTIMENT :

Bullish Engelfin is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

Bearish Engelfin is a kind of bearish reversal candlestick pattern, it is a dual candlestick pattern,
and appears after uptrend. First candle must be average size bullish candle.
Second candle must be a bearish candle which should be close under first candle’s body.

INTERPROTATION :
Bearish Engelfin shows us the bearish pressure in the market.

SENTIMENT :

Bearish Engelfin is a very good bearish reversal pattern. It works in downtrend.

INTRODUCTION :

Morning Star is a kind of Bullish reversal candlestick pattern, it is a triple candlestick pattern, and
appears after a downtrend. First candle must be average size bearish candle.
Second candle must be small body candle and third candle must be a bullish candle which should
be close above 50% of first candle.

INTERPROTATION :
Morning Star shows us the bullish pressure in the market.

SENTIMENT :

Morning Star is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

Evening Star is a kind of Bearish reversal candlestick pattern, it is a triple candlestick pattern, and
appears after uptrend. First candle must be average size bullish candle.
Second candle must be small body candle and third candle must be a bearish candle which
should be close under 50% of first candle.

INTERPROTATION :
Evening Star shows us the bearish pressure in the market.

SENTIMENT :

Evening Star is a very good bearish reversal pattern. It works in uptrend.

INTRODUCTION :

Doji is a kind of confusing pattern. It is a single candle which has only high and low price but no
body.

INTERPROTATION :

Doji shows us indecision in the market.

SENTIMENT :

Sometime doji may be a reversal or indecision. It works in uptrend and downtrend both.
INTRODUCTION :

Morning Doji Star is a kind of Bullish reversal candlestick pattern, it is a triple candlestick pattern,
and appears after a downtrend. First candle must be average size bearish candle.
Second candle must be a doji and third candle must be a bullish candle which should
be close above 50% of first candle.

INTERPROTATION :
Morning Doji Star shows us the bullish pressure in the market.

SENTIMENT :

Morning Doji Star is a very good bullish reversal pattern. It works in downtrend.
INTRODUCTION :

Evening Doji Star is a kind of Bearish reversal candlestick pattern, it is a triple candlestick pattern,
and appears after uptrend. First candle must be a average size bullish candle.
Second candle must be a Doji and third candle must be a bearish candle which should be close
under 50% of first candle.

INTERPROTATION :
Evening Doji Star shows us the bearish pressure in the market.

SENTIMENT :

Evening Doji Star is a very good bearish reversal pattern. It works in uptrend.
INTRODUCTION :
Pin bar is a kind of bullish reversal candlestick pattern, It is a single candle, and appears after a
downtrend. It looks like a hammer, It’s body should be small and the lower wick will be too long
than candle body. Upper wick would be more than candle body.
Inverted Pin bar is a kind of Bearish reversal candlestick pattern. it is a single candle, and appears
after a uptrend. It’s body should be small and the upper wick will be too long than candle body.
Lower wick would be more than candle body.

INTERPROTATION :
Pin bar show us the bullish pressure in the market.
Inverted Pin bar shows us the bearish pressure in the market.

SENTIMENT :

Pin bar is a very good bullish reversal pattern. It works in downtrend.

Inverted Pin bar is a very good bearish reversal pattern. It works in uptrend.
INTRODUCTION :
Tweezers Bottom is a kind of bullish reversal candlestick pattern, It’s Double candle pattern, and
appears after a downtrend. It looks like a Tweezers, First candle must be a bullish candle with
lower wick and second candle must be a bearish candle with lower wick. The lower wick of both
candles should be at almost same price. Difference between both candle’s lower wicks price
would not be more than 2 point.

INTERPROTATION :
Tweezers bottom show us the bullish pressure in the market.

SENTIMENT :

Tweezers Bottom is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :
Tweezers Top is a kind of bearish reversal candlestick pattern, It is Double candle pattern, and
appears after uptrend. It looks like a Tweezers, First candle must be a bearish candle with upper
wick and second candle must be a bullish candle with upper wick. The upper wick of both candles
should be at almost same price. Difference between both candle’s upper wicks price would not
be more than 2 point.

INTERPROTATION :
Tweezers Top shows us the bearish pressure in the market.

SENTIMENT :

Tweezers Top is a very good bearish reversal pattern. It works in uptrend.

INTRODUCTION :

Spinning top is a kind of confusing pattern. It is a single candle pattern. This candle must be a
small body candle. It has to wicks on both side, Body of the candle should be at almost middle of
the candle.

INTERPROTATION :

Spinning top shows us indecision in the market.

SENTIMENT :

Sometime spinning top may be a reversal or indecision. It works in uptrend and downtrend
both.
INTRODUCTION :

3 inside up is a kind of Bullish reversal candlestick pattern, it is a triple candlestick pattern, and
appears after a downtrend. First candle must be average size bearish candle.
Second candle must be a bullish candle which should be cover half way or 50% of the first candle.
Third candle must be a bullish candle which should be cover full body of first candle.

INTERPROTATION :
3 inside up shows us the bullish pressure in the market.

SENTIMENT :

3 inside up is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

3 inside down is a kind of Bearish reversal candlestick pattern, it is a triple candlestick pattern,
and appears after a uptrend. First candle must be average size bullish candle.
Second candle must be a bearish candle which should be cover half way or 50% of the first
candle.
Third candle must be a bearish candle which should be cover full body of first candle.

INTERPROTATION :
3 inside down shows us the bearish pressure in the market.

SENTIMENT :

3 inside down is a very good bullish reversal pattern. It works in uptrend.

INTRODUCTION :

3 white soldiers is a kind of Bullish reversal candlestick pattern, it is a 4 candlestick pattern, and
appears after downtrend. First candle must be average size bearish candle. Second candle must
be a bullish candle. Third candle must be a bullish candle without wick. Fourth candle must be a
bullish candle without wick.

INTERPROTATION :
3 white soldiers show us the bullish pressure in the market.

SENTIMENT :

3 white soldiers is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

3 black crows is a kind of Bearish reversal candlestick pattern, it is a 4 candlestick pattern, and
appears after uptrend. First candle must be average size bullish candle. Second candle must be a
bearish candle. Third candle must be a bearish candle without wick. Fourth candle must be a
bearish candle without wick.

INTERPROTATION :
3 black crows show us the bearish pressure in the market.

SENTIMENT :

3 black crows is a very good bearish reversal pattern. It works in uptrend.

INTRODUCTION :

Bullish harami is a kind of bullish reversal candlestick pattern, it is a 2 candlestick pattern, and
appears after downtrend. First candle must be average size bearish candle. Second candle must
be a small bullish candle.

INTERPROTATION :
Bullish harami show us the bullish pressure in the market.

SENTIMENT :

Bullish harami is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

Bearish harami is a kind of bearish reversal candlestick pattern, it is a 2 candlestick pattern, and
appears after uptrend. First candle must be average size bullish candle. Second candle must be a
small bearish candle.

INTERPROTATION :
Bearish harami show us the bearish pressure in the market.

SENTIMENT :

Bearish harami is a very good bearish reversal pattern. It works in uptrend.

INTRODUCTION :

Bullish marubozu is a kind of bullish continuation and a bullish reversal candlestick pattern, it is a
single candlestick pattern. It is medium bullish candle without wick. If it appears on uptrend then
market will be go more up, if it is come after down trend then market will take reverse.

INTERPROTATION :
Bullish marubozu show us the bullish pressure in the market.

SENTIMENT :

Bullish m arubozu is a very good bullish continuation and reversal pattern.

INTRODUCTION :

Bearish marubozu is a kind of bearish continuation and a bearish reversal candlestick pattern, it
is a single candlestick pattern. It is medium bearish candle without wick. If it appears on
downtrend then market will be go more down, if it is come after uptrend then market will take
reverse.

INTERPROTATION :
Bearish marubozu show us the bearish pressure in the market.

SENTIMENT :

Bearish marubozu is a very good bearish continuation and reversal pattern.

INTRODUCTION :

Raising 3 is a kind of Bullish continuation candlestick pattern, it is a 5 candlestick pattern, If it

appears on uptrend then market will be go more up. First candle must be average size bullish
candle. Second, third and fourth candle must be a bearish candle. Last candle must be a bullish
candle which should be cover previous three candle.

INTERPROTATION :
Raising 3 show us the bullish pressure in the market.

SENTIMENT :

Raising 3 is a very good bullish reversal pattern. It works on uptrend.

INTRODUCTION :

Falling 3 is a kind of bearish continuation candlestick pattern, it is a 5 candlestick pattern, If it

appears on downtrend then market will be go more down. First candle must be average size
bearish candle. Second, third and fourth candle must be a bullish candle. Last candle must be a
bearish candle which should be cover previous three candle.

INTERPROTATION :
Falling 3 show us the bearish pressure in the market.

SENTIMENT :

Falling 3 is a very good bearish reversal pattern. It works on downtrend.

INTRODUCTION :

Pearsing pattern is a kind of bullish reversal candlestick pattern, it is a dual candlestick pattern,
and appears after a downtrend. First candle must be average size bearish candle.
Second candle must be open with a gap down and it should be a bullish candle which should be
close above the half way first candle’s body.

INTERPROTATION :
Pearsing pattern shows us the bullish pressure in the market.

SENTIMENT :

Pearsing pattern is a very good bullish reversal pattern. It works in downtrend.

INTRODUCTION :

Dark cloud is a kind of bearish reversal candlestick pattern, it is a dual candlestick pattern, and
appears after uptrend. First candle must be average size bullish candle.
Second candle must be open with a gap up and it should be a bearish candle which should be
close under the half way first candle’s body.

INTERPROTATION :
Dark cloud shows us the bearish pressure in the market.

SENTIMENT :

Dark cloud is a very good bearish reversal pattern. It works in uptrend.

INTRODUCTION :

Bullish kicker pattern is a kind of bullish reversal candlestick pattern, it is a dual candlestick
pattern, and appears after a downtrend. First candle must be average size bearish candle.
Second candle must be open above the first candle and it should be a bullish candle which has no
upper wick.
INTERPROTATION :
Bullish kicker pattern shows us the bullish pressure in the market.

SENTIMENT :

Bullish kicker pattern is a very good bullish reversal pattern. It works in downtrend.
INTRODUCTION :

Bearish kicker pattern is a kind of bearish reversal candlestick pattern, it is a dual candlestick
pattern, and appears after uptrend. First candle must be average size bullish candle.
Second candle must be open under the first candle and it should be a bearish candle which has
no lower wick.
INTERPROTATION :
Bearish kicker pattern shows us the bearish pressure in the market.

SENTIMENT :

Bearish kicker pattern is a very good bearish reversal pattern. It works in uptrend.
INTRODUCTION :

Bullish abandoned baby is a kind of bullish reversal candlestick pattern, it is a triple candlestick
pattern, and appears after downtrend. First candle must be average size bearish candle.
Second candle must be small body candle which should be open with a gap down and third
candle must be a bullish candle with a gap up opening which should be close above 50% of first
candle.

INTERPROTATION :
Bullish abandoned baby shows us the bullish pressure in the market.

SENTIMENT :

Bullish abandoned baby is a very good bullish reversal pattern. It works in downtrend.
INTRODUCTION :
Bearish abandoned baby is a kind of bearish reversal candlestick pattern, it is a triple candlestick
pattern, and appears after uptrend. First candle must be average size bullish candle.
Second candle must be small body candle which should be open with a gap up and third candle
must be a bearish candle with a gap down opening which should be close under 50% of first
candle.

INTERPROTATION :
Bearish abandoned baby shows us the bearish pressure in the market.

SENTIMENT :

Bearish abandoned baby is a very good bearish reversal pattern. It works in uptrend.

Note: This copy is not a copyright product.

Suprabhat Dey.