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Candel Stick Pattern Double

The document describes 10 double candlestick patterns including bullish and bearish kickers, bullish and bearish engulfing patterns, bullish and bearish harami patterns, piercing line, dark cloud cover, tweezer bottom, and tweezer top. For each pattern, the document provides the rules, type (bullish or bearish), trend, entry signals, stop loss, target and time frame. The patterns are used to identify reversal and continuation signals in trends.
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100% found this document useful (1 vote)
5K views23 pages

Candel Stick Pattern Double

The document describes 10 double candlestick patterns including bullish and bearish kickers, bullish and bearish engulfing patterns, bullish and bearish harami patterns, piercing line, dark cloud cover, tweezer bottom, and tweezer top. For each pattern, the document provides the rules, type (bullish or bearish), trend, entry signals, stop loss, target and time frame. The patterns are used to identify reversal and continuation signals in trends.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ALL DOUBLE CANDLESTICK PATTERN

BULLISH KICKER BEARISH KICKER BULLISH ENGULFING BEARISH ENGULFING BULLISH HARAMI

BEARISH HARAMI PIERCING LINE DARK CLOUD COVER TWEEZER BOTTOM TWEEZER TOP
BULLISH KICKER PATTERN

RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – 2ND CANDLE GAPUP OPENING
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH KICKER PATTERN
BUY – ABOVE 2ND GREEN CANDLE
STOPLOSS – BELOW 1ST RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL

@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH KICKER PATTERN

RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – 2ND CANDLE GAPDOWN OPENING
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH KICKER PATTERN
SHORT – BELOW 2ND RED CANDLE
STOPLOSS – ABOVE 1ST GREEN CANDLE
TARGET – UNTIL TREND CHANGES

TIME FRAME – ALL GAP

@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH ENGULFING PATTERN

RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – GREEN CANDLE ENGULFS PREVIOUS (SMALLER) RED CANDLE
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH ENGULFING PATTERN

BUY – ABOVE 2ND GREEN CANDLE


STOPLOSS – BELOW 2ND GREEN CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL

@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH ENGULFING PATTERN

RULES
RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – RED CANDLE ENGULFS PREVIOUS GREEN (SMALLER) CANDLE
TREND – UPTREND @NEERAJJOSHI @NEERAJJOSHI5014
BEARISH ENGULFING PATTERN
SHORT – BELOW 2ND RED CANDLE
STOPLOSS – ABOVE THE 2ND RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL

RULES

@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH HARAMI PATTERN

RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – LIKE A PREGNANT WOMEN(RED) WHO CARRIES THE BABY(GREEN) INSIDE HER
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BULLISH HARAMI PATTERN
BUY – ABOVE THE 2ND GREEN CANDLE
STOPLOSS – BELOW THE 1ST RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL

@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH HARAMI PATTERN

RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – LIKE A PREGNANT WOMEN(GREEN) WHO CARRIES THE BABY(RED) INSIDE HER
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
BEARISH HARAMI PATTERN
SHORT – BELOW 2ND RED CANDLE
STOPLOSS – ABOVE THE 1ST GREEN CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL

@NEERAJJOSHI @NEERAJJOSHI5014
PIERCING LINE

RULES
TYPE – BULLISH
1ST CANDLE – RED
2ND CANDLE - GREEN
LOOK – GREEN CANDLE OPEN BELOW THE RED CANDLE & CLOSES ABOVE MID-LINE
BODY – LONG BODY
TREND – DOWNTREND @NEERAJJOSHI @NEERAJJOSHI5014
PIERCING LINE
BUY – ABOVE THE 2ND GREEN CANDLE
STOPLOSS – BELOW THE 2ND GREEN CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL

@NEERAJJOSHI @NEERAJJOSHI5014
DARK CLOUD COVER

RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – RED CANDLE OPEN ABOVE THE 1ST GREEN CANDLE & CLOSES BELOW MID-LINE
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
DARK CLOUD COVER

SHORT– BELOW 2ND RED CANDLE


STOPLOSS – ABOVE 2ND RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL
@NEERAJJOSHI @NEERAJJOSHI5014
TWEEZER BOTTOM

RULES
TYPE – BULLISH
1ST CANDLE - RED
2ND CANDLE - GREEN
LOOK – 2ND CANDLE SHOULD BE FORMED WITH SIMILAR LOW AS 1ST CANDLE
TREND – DOWNTREND
@NEERAJJOSHI @NEERAJJOSHI5014
TWEEZER BOTTOM

BUY– ABOVE 2ND GREEN CANDLE


STOPLOSS – BELOW TWEETZER LOW
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL
@NEERAJJOSHI @NEERAJJOSHI5014
TWEEZER TOP

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RULES
TYPE – BEARISH
1ST CANDLE - GREEN
2ND CANDLE - RED
LOOK – 2ND CANDLE SHOULD BE FORMED WITH SIMILAR HIGH AS 1ST CANDLE
TREND – UPTREND
@NEERAJJOSHI @NEERAJJOSHI5014
TWEEZER TOP

SHORT – BELOW THE 2ND RED CANDLE


STOP LOSS – ABOVE THE 2ND RED CANDLE
TARGET – UNTIL TREND CHANGES
TIME FRAME – ALL

@NEERAJJOSHI @NEERAJJOSHI5014

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