Crypto Trading

Candlesticks

Bullish Bearish Selection of Basic

upper
high shadow
/ wick
high Candlestick Formations
closing opening
price price
real
body Candlesticks tell something
opening closing
price price about the likelihood for the next
lower
low shadow low price movement directions:
/ wick

Single

Spinning Top Doji Green Marubozu Red Marubozu

neutral neutral bullish bearish

small body with very flat to no body: full green body full red body
longer wicks: trend gets weak, without wicks: without wicks:
possible reversal indecision strong bullish sign strong bearish sign
signal

Hammer Hanging Man Inverted Hammer Shooting Star

bullish
long wick + short
body at the top after
bearish candles:
possible bullish
reversal signal
bearish bullish bearish
long wick + short long wick + short long wick + short
body at the top after body at the bottom body at the bottom
bullish candles: after bearish candles: after bullish candles:
possible bearish possible bullish possible bearish
reversal signal reversal signal reversal signal

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Candlesticks

Double

Bullish Engulfing Bearish Engulfing Tweezer Tops Tweezer Bottoms

bullish bearish bearish bullish
small bearish candle bullish candle entire- 2 equally high tops 2 equal lows at end
engulfed by bullish ly engulfed by larger at end of uptrend of downtrend (double
candle: bullish sign bearish candle: (double top): bottom):
bearish sign bearish reversal bullish reversal likely
likely
Triple

Morning Star Evening Star 3 White Soldiers 3 Black Crows

bullish bearish bullish bearish

long red candle + long green candle + 3 long bullish 3 long bearish
lower sitting short higher sitting short candles: ongoing candles after bull
candle + long green candle + long red candle uptrend likely trend: signal for end
candle above: gaping lower: of rally
bullish reversal likely possible bearish reversal

Neutral:
Sign of market indecision; Likelihood for next
candle to be bullish or bearish is equal

Bullish:
3 Inside Up 3 Inside Down
The likelihood that price will continue to
rise in the next candlestick(s) is high
bullish bearish
long red candle engul-
fing short green candle +
long green candle en-
gulfing short red candle Bearish:
higher long green candle: + lower long red candle:
The likelihood for a further price decrease
likely sign for bullish likely sign for bearish
reversal reversal in the next candlestick(s) is high

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