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Candlestick Patterns

Candlestick patterns explained for forex traders: pin bars, engulfing, doji, Heiken Ashi, and how to read single and multi-candle signals.

Tweezer Tops and Bottoms: How to Trade a Twice-Tested Level

tweezer tops and bottoms - Tweezer Tops and Bottoms: How to Trade a Twice-Tested Level featured image

Tweezer tops and bottoms describe two or more neighbouring bars that share almost exactly the same extreme. Two matching highs form a tweezer top, and two matching lows form a …

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Three White Soldiers: The Candlestick Pattern Explained

three white soldiers - Three White Soldiers: The Candlestick Pattern Explained featured image

Three white soldiers describes a run of three strong bullish bars in a row. Each one opens inside the previous body and closes near its own high, which paints a …

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Shooting Star Candlestick Pattern: How to Read It on a Chart

shooting star candlestick pattern - Shooting Star Candlestick Pattern: How to Read It on a Chart featured image

One session climbs hard, meets sellers, and hands back everything it gained. The shooting star candlestick pattern records exactly that, in a single bar with a long tail above a …

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Pin Bar vs Engulfing: Rejection or Body Takeover

pin bar vs engulfing - Pin Bar vs Engulfing: Rejection or Body Takeover featured image

A single long-wicked bar and a two-bar body takeover often show up at the very same turning point. The pin bar vs engulfing question comes down to one clean idea: …

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Piercing Line and Dark Cloud Cover: The Midpoint Test

piercing line and dark cloud cover - Piercing Line and Dark Cloud Cover: The Midpoint Test featured image

The piercing line and dark cloud cover are mirror-image two-bar patterns, and both hinge on one measurement. The second bar has to close beyond the midpoint of the first bar’s …

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Morning Star vs Evening Star: The Three-Bar Mirror

morning star vs evening star - Morning Star vs Evening Star: The Three-Bar Mirror featured image

The morning star vs evening star question has one clean answer, and everything else follows from it. Both patterns use the same three-bar skeleton, and only the direction of the …

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Marubozu Candlestick: How to Read a Wickless Bar

marubozu candlestick - Marubozu Candlestick: How to Read a Wickless Bar featured image

Most candle patterns get their meaning from a wick. A marubozu candlestick works the other way round, because it has no wick worth mentioning at either end. Learning to read …

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Kicker Candlestick Pattern Explained With Forex Examples

kicker candlestick pattern - Kicker Candlestick Pattern Explained With Forex Examples featured image

The kicker candlestick pattern describes one of the sharpest turns a chart can print. One bar runs with the trend, the next bar opens beyond it in the other direction, …

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Inverted Hammer vs Shooting Star: One Bar, Two Contexts

inverted hammer vs shooting star - Inverted Hammer vs Shooting Star: One Bar, Two Contexts featured image

Flip a hammer upside down and you get a bar with a long tail above the body. The inverted hammer vs shooting star question then works exactly like its right-way-up …

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Heikin Ashi vs Candlestick Charts: What Actually Differs

heikin ashi vs candlestick - Heikin Ashi vs Candlestick Charts: What Actually Differs featured image

Two charts of the same market can look nothing alike. The heikin ashi vs candlestick difference explains why, and it comes down to one thing: real prices against averaged ones. …

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Harami Candlestick Pattern: Contraction After Expansion

harami candlestick pattern - Harami Candlestick Pattern: Contraction After Expansion featured image

The harami candlestick pattern describes a market that just stopped expanding. A big body prints, then a small body sits entirely inside it, and the argument that drove the previous …

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Hanging Man Candlestick: Shape, Location and Failure

hanging man candlestick - Hanging Man Candlestick: Shape, Location and Failure featured image

The hanging man candlestick has an odd name and a very simple shape. A small body sits at the top of the range, a long wick hangs below it, and …

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Hammer vs Hanging Man: The Same Candle, Two Meanings

hammer vs hanging man - Hammer vs Hanging Man: The Same Candle, Two Meanings featured image

Two of the most talked-about candles on any chart look completely identical. The hammer vs hanging man question never turns on shape, because both bars print exactly the same geometry. …

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Do Candlestick Patterns Work? What the Evidence Shows

do candlestick patterns work - Do Candlestick Patterns Work? What the Evidence Shows featured image

Ask do candlestick patterns work and two loud camps answer at once. One treats every hammer as a signal, and the other calls the whole thing folklore. The honest answer …

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Candlestick Wicks Meaning: What Long Shadows Tell You

candlestick wicks meaning - Candlestick Wicks Meaning: What Long Shadows Tell You featured image

Every candle on your chart carries two stories. The body records where the session started and finished, while the wicks record everywhere price went and failed to stay. Candlestick wicks …

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How to Trade Candlestick Patterns at Support and Resistance

candlestick patterns at support and resistance - How to Trade Candlestick Patterns at Support and Resistance featured image

A candlestick tells you what just happened inside one bar. Candlestick patterns at support and resistance carry far more weight than the identical shapes printed in the middle of a …

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Candlestick Patterns Explained: A Practical Guide

candlestick patterns explained - Candlestick Patterns Explained: A Practical Guide featured image

You want candlestick patterns explained without the usual promises, so start with what a single bar really holds. Each candle packs four prices into one shape, and that shape shows …

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Bearish Candlestick Patterns Explained for Forex Charts

bearish candlestick patterns - Bearish Candlestick Patterns Explained for Forex Charts featured image

Bearish candlestick patterns describe one thing: a session where sellers took the upper hand. They record what just happened on the chart, and they never promise what happens next. This …

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What Is Heikin Ashi? The Formula and Its Real Limits

what is heikin ashi - What Is Heikin Ashi? The Formula and Its Real Limits featured image

What is heikin ashi, in one sentence? It is a modified candle calculation that averages price values, so a chart of trends looks smoother than the raw bars behind it. …

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Pin Bar Meaning: The Rejection Bar, Explained Honestly

pin bar meaning - Pin Bar Meaning: The Rejection Bar, Explained Honestly featured image

Pin bar meaning comes from a single bar with one very long wick and a small body tucked at the opposite end. Price ran hard in one direction, then gave …

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Morning Star Pattern Meaning: The Three-Bar Handover

morning star pattern meaning - Morning Star Pattern Meaning: The Three-Bar Handover featured image

Morning star pattern meaning rests on three consecutive bars rather than one. A large bearish candle, a small indecision candle, and a strong bullish candle that closes deep into the …

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Inside Bar Meaning: Anatomy, Context and Failure Cases

inside bar meaning - Inside Bar Meaning: Anatomy, Context and Failure Cases featured image

The inside bar meaning is simple enough to state in one line, which is why so many traders stop there. A bar sits entirely inside the range of the bar …

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Hammer Candlestick Meaning: Anatomy, Location and Limits

hammer candlestick meaning - Hammer Candlestick Meaning: Anatomy, Location and Limits featured image

Most explanations of the hammer candlestick meaning stop at “it signals a reversal”, which is both vague and wrong. A hammer records what happened during one period, and the geometry …

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Engulfing Candle Meaning: Bodies, Context and Failures

engulfing candle meaning - Engulfing Candle Meaning: Bodies, Context and Failures featured image

Ask ten traders for the engulfing candle meaning and you will hear ten slightly different definitions. Some measure bodies, some measure wicks, and the disagreement changes which bars qualify. This …

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Doji Candle Meaning: What the Thin-Bodied Bar Shows

doji candle meaning - Doji Candle Meaning: What the Thin-Bodied Bar Shows featured image

Doji candle meaning starts with one geometric fact. The open and the close finish at effectively the same price, so the body shrinks to a thin line. Everything else about …

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