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An engulfing pattern on the bullish side of the market takes place when buyers outpace sellers. This is reflected in the chart by a long green real body engulfing a small red real body. With bulls having established some control, the price could head higher. B E A R I S H E N G U L F I N G C A N D L E S T I C K

A bearish engulfing pattern develops in an uptrend when sellers outnumber buyers. This action is reflected by a long red real body engulfing a small green real body. The pattern indicates that sellers are back in control and that the price could continue to decline. H A M M E R C A N D L E S T I C K

A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening but rallies within the period to close near opening price. This pattern forms a hammer- shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick represents the difference between the open and closing prices, while the shadow shows the high and low prices for the period. H A N G I N G M A N C A N D L E S T I C K

A Hanging Man is a bearish reversal pattern, made up of just one candle, found in an uptrend of three or more bullish candles. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick. The hanging man is a key piece of evidence that is beginning to reverse the uptrend, and the bullish strength is no longer there. This candle shows that there was significant selling pressure, but the buyers continued to push the price up to the open, but this selloff is an indication the price has peaked, and the sentiment is reversing where sellers will eventually gain control. In addition, a hanging man candlestick can be red or green, and is still considered bearish. This pattern is considered a take profit zone, and allows us to sell into strength before the next downtrend commences. I N V E R T E D H A M M E R C A N D L E S T I C K

The is a type of found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting star. S H O O T I N G S T A R C A N D L E S T I C K

The Shooting Star is a bearish reversal candlestick indicating a peak or top. It is the exact inverse version of a hammer candle. The shooting star should form after at least three or more bullish green candles indicating a rising price and demand. This represents that the sellers are taking over the price action, and pushing the price down as sellers outweigh the buyers. This candle is establishing a downtrend until the next bullish reversal. is very important because it allows us to take profits, and not chase at the highs to potentially sell at a loss. FOMO (fear of missing out) traps novice traders with the excitement of the price increasing and not understanding the power of a shooting star, and its implications. This is where disciplined traders are rewarded because they understand the importance of these candles on charts. A shooting star (inverted hammer) is a take profit zone (TPZ). B U L L I S H H A R A M I C A N D L E S T I C K

A Bullish Harami is a two candle pattern indicating that a bearish trend may be reversing. Many traders may look at a bullish harami as a good sign to enter a bullish position with the addition of a confirmation candle. B E A R I S H H A R A M I C A N D L E S T I C K

Bearish Harami is the exact opposite, signalling that a bullish uptrend may be reversing. However, these patterns are more neutral, but suggest a reversal may occur with added confirmation candles. 1500+ HRS OF TRADING EDUCATIONAL CONTENT AVAILABLE ON OUR WEBSITE B U L L I S H & B E A R I S H S P I N N I N G T O P C A N D L E S T I C K S B U L L I S H :

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Spinning top is a Japanese candlesticks pattern with a short body found in the middle of two long wicks. A spinning top illustrates a situation where neither the buyers nor the sellers have won for that time period, as the market has closed unchanged from where it opened, the market is indecisive on the trend. The upper and lower long shadows, however, tell us that both the buyers and sellers had the upper hand at some point in that timeframe, but closed neutral. A spinning top in a consolidation period, illustrates that price action is just trading sideways, and no real significance. However, when a spinning top forms after an uptrend or a downtrend, it can be a clue for a reversal in the near term. Spinning top candlesticks should not be mistaken with pin bar candlesticks as previously discussed. B U L L I S H & B E A R I S H P I N B A R C A N D L E S T I C K S B U L L I S H :

B E A R I S H : B U L L I S H & B E A R I S H P I N B A R C A N D L E S T I C K S C O N T I N U E D . . .

A pin bar pattern consists of one candle, which represents a sharp reversal and rejection of price. The pin bar reversal is defined by a long tail (shadow or wick). The area between the open and close of the pin bar is called its ‘real body’, and pin bars generally have small real bodies in comparison to their long tails. The tail of the pin bar shows the area of the price that was rejected, and the implication is that the price will continue to move opposite to the direction the tail points. Thus, a bearish pin bar signal is one that has a long upper wick, showing rejection of higher prices with the implication that price will fall in the near term. Finally, a bullish pin bar signal has a long lower tail, showing a rejection of lower prices with the implication that price will rise in the near term. D O J I C A N D L E S T I C K

A is a name for a session in which the candlestick for a security has an open and close that are virtually equal and are often components in patterns. Dojicandlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured in a number of important patterns G R A V E S T O N E D O J I C A N D L E S T I C K

The gravestone doji is a very easy to recognize candlestick pattern. At the same time, the gravestone doji pattern is also easy to understand and trade. Once you have a good understanding of this candlestick pattern, you can combine it in multiple ways to trade.A gravestone doji pattern is visually identified by a long wick and the open and the close are almost the same. D R A G O N F L Y D O J I C A N D L E S T I C K

A Dragonfly Doji is formed when the opening and closing prices are near the same value and are positioned at the top of the shadow. When the market is over sold or at a point of support, a Dragonfly Doji can signal a bullish price reversal as there was buying before the candle closed P I E R C I N G L I N E C A N D L E S T I C K P A T T E R N

A Piercing Line candlestick pattern is a two candlepattern, which suggests a potential bullish reversal, with moderate strength. It is located at the bottom of a bearish downtrend as buyers enter the market and push prices higher. The piercing pattern involves two candlesticks with the second bullish candlestick opening lower than the preceding bearish candle. This is followed by buyers driving prices up to close above 50% of the body of the bearish candle. This pattern signals a bullish reversal however, it needs another confirmation bullish candle to open above the previous green candle, and close above the previous red bearish candle (2 green candles engulfing the previous red candle) to initiate a buy for the uptrend. D A R K C L O U D C O V E R C A N D L E S T I C K

The Dark Cloud Cover pattern is a candlestick pattern that signals a potential reversal to the downside. It appears at the top of an uptrend and involves a large green (bullish) candle, followed by a red (bearish) candle that creates a new high before closing lower than the midway point of the previous green candle. This dark cloud cover is signaling a downtrend as sellers outweigh the buyers, and is a Take Profit Zone (TPZ) or initiating a short sell (we will discuss in later tutorials). M O R N I N G S T A R & E V E N I N G S T A R C A N D L E S T I C K P A T T E R N S .

M O R N I N G S T A R

E V E N I N G S T A R M O R N I N G S T A R & E V E N I N G S T A R C A N D L E S T I C K P A T T E R N S C O N T I N U E D . .

The morning star and the evening star are visual patterns consisting of three or more candlesticks that are interpreted as a bullish or bearish sign by technical traders. The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three candle pattern, one short bodied candle between a long red and a len candle. Normally, the‘star’ will have no overlap with the longer bodies, as the market gaps both on open and close. It signals that the selling pressure of the first candle is subsiding, and a bull market is on the horizon. In contrast, the evening star pattern is the exact opposite, and indicates the reversal of an uptrend, and is particularly strong when the third candlestick erases the gains of the first candle. 3 W H I T E S O L D I E R S & 3 B L A C K C R O W S 3 B L A C K C R O W S

3 W H I T E S O L D I E R S 3 W H I T E S O L D I E R S & 3 B L A C K C R O W S C O N T I N U E D . . .

• is a bullish candlestick pattern that is used to predict the reversal of a current downtrend. The pattern consists of three consecutive full bodied candlesticks that open within the previous candle’s real body and close that exceeds the previous candle’s high. These patterns are mainly used on a higher timeframe(daily) where each candle represents an entire day of trading over three full days, establishing a strong reversal pattern. However, the is the exact opposite pattern, and is a bearish candlestick pattern that is used to predict the reversal of a current uptrend. These patterns are more widely used by swing or position traders, as opposed to day traders. JOIN STOCK SNIPER TRADING NOW! WWW.STOCKSNIPERTRADING.COM THANK YOU FOR SUBSCRIBING TO STOCK SNIPER TRADING