CANDLESTICKS

Significance of Tweezer Top (TT)

Bearish reversal pattern meaning at the top of a uptrend as buyers push the price higher but market price closes lower/close down the bullish candle Bullish candle followed by bearish candle

Significance of Shooting star

Bearish version of hammer indicating a bearish reversal at the end of an uptrend. As buyers try to push the market higher, they're rejected and by seller's pressure Small bearish body with long wick at the top

Significance of Tweezer Bottom (TB)

Bullish reversal pattern meaning at the bottom of a downtrend as sellers push the market down but market price closes above/same price as bear candle. This indicates buyers are having power Bearish candle followed by a bullish candle

Bearish rejection

Buyers trying to push the market up but lose power and rejected by seller power (SELL)

Significance of bullish engulfing

occurs at end of a downtrend and provides a clear signal that the buying pressure has overwhelmed the selling pressure (expecting a buy)

Significance of bearish engulfing

occurs at the top of an uptrend and shows that buyers are no longer in control and price would likely reverse (sell)

Significance of inside bar candlestick

reversal pattern with a mother (big and larger) candle and small candle located 'inside' mother; indicates indecision and hesitation

Bearish Candle

selling candle (red) indicates the sellers have power within the market

Bullish Reversal

trend switching from down to up

Bearish Reversal

trend switching from up to down

Significance of Harami Pattern

Pattern indicates market consolidation. When at the top of an uptrend or bottom of a downtrend, it's interpreted as a continuation to join the trend or a trend reversal Small body closes inside of first bigger candle (for bullish: bearish candle > small bullish ; for bearish: bullish > small bearish)

Bullish rejection

Sellers trying to push the market down but lose power and rejected by buyer power (BUY)

Significance of Morning Star

Shows how buyers are taking control of the market as it occurs at the bottom of a downtrend, shifting into a *bullish reversal* Bearish candle > Bull/Bear small candle > Bullish candle

Significance of Evening Star

The bearish version of morning star; illustrates how the sellers are in power in the market starting at the top of an uptrend Bullish candle > Small candlestick > Bearish candlestick

Significance of Gravestone Doji

bearish version of Dragonfly Doji but with a long wick up (shows a *bearish reversal* at resistance level)

Significance of Dragonfly Doji

bullish candlestick pattern which is formed when the open high and close are the same or about the same price and long wick down (shows a high buying pressure/ *bullish reversal* signal at support)

Bullish Candle

buying candle (blue or green); indicates the buyers have power within the market

Significance of Doji

Indecisiveness between buyers and sellers; trend reversal

Significance of Hammer (pin bar)

Indicates a bullish rejection from buyers and their intention to push the market higher occurring at the bottom of a downtrend. Sellers push the market lower but rejected by buyers (anticipated buy) Small bullish body with long wick at the bottom