HamFon's Candlestick Charting Reference

NOTES about candlesticks and credits:

This collection of candlestick patterns is intended to be used for quick visual identification and a high-level understanding of the patterns. It is not intended to teach you candlestick charting or to explain the nuances of each pattern. To learn the details and the philosophy behind each pattern, please refer to Steve Nison's "Japanese Candlestick Charting Techniques", or one of several other books available. I particularly like (and recommend) Gregory Morris' "Candlestick Charting Explained."

NOTES about my candlestick charting Java applet:

Candlestick patterns are separated into the following groups:


Bullish Reversal Patterns

CandleName: Hammer
Pattern type: Reversal
Indication: Bullish
Confirmation: required
Notes: Next candle should be bullish with a higher open
CandleName: Engulfing
Pattern type: Reversal
Indication: Bullish
Confirmation: suggested
Notes: Next candle should be bullish
CandleName: Harami
Pattern type: Reversal
Indication: Bullish
Confirmation: strongly suggested
Notes: Next candle should be bullish
CandleName: Harami Cross
Pattern type: Reversal
Indication: Bullish
Confirmation: suggested
Notes: Next candle should be bullish
CandleName: Inverted Hammer
Pattern type: Reversal
Indication: Bullish
Confirmation: required
Notes: Next candle should be bullish with open above inverted hammer body
CandleName: Piercing Line
Pattern type: Reversal
Indication: Bullish
Confirmation: suggested
Notes: Next candle should be bullish
CandleName: Doji Star
Pattern type: Reversal
Indication: Bullish
Confirmation: suggested
Notes: Gap from previous candle required, next candle should be bullish
CandleName: Morning Star
Pattern type: Reversal
Indication: Bullish
Confirmation: none
Notes: Gap from first to second required, gap from second to last desirable
CandleName: Three Inside Up
Pattern type: Reversal
Indication: Bullish
Confirmation: none
CandleName: Three Outside Up
Pattern type: Reversal
Indication: Bullish
Confirmation: none
CandleName: Morning Doji Star
Pattern type: Reversal
Indication: Bullish
Confirmation: none
Notes: More significant reversal than Morning Star
CandleName: Abandoned Baby
Pattern type: Reversal
Indication: Bullish
Confirmation: none
Notes: Doji shadows must gap from first and third candle
CandleName: Tri Star (Steve Nison)
Pattern type: Reversal
Indication: Bullish
Confirmation: suggested
Notes: verify this is not a data error, and next candle bullish
CandleName: Meeting Lines (Counterattack Lines)
Pattern type: Reversal
Indication: Bullish
Confirmation: suggested
Notes: Close of both candles is the same, confirm by next candle opening higher
CandleName: Belt Hold
Pattern type: Reversal
Indication: Bullish
Confirmation: required
CandleName: Unique Three River Bottom
Pattern type: Reversal
Indication: Bullish
Confirmation: suggested
Notes: Second candle lower low than first, third higher low than second, third close lower than close of second, confirm by new highs on next candle
CandleName: Three White Soldiers
Pattern type: Reversal
Indication: Bullish
Confirmation: none
CandleName: Tweezer Bottom
Pattern type: Reversal
Indication: Bullish
Confirmation: required
Notes: Next candle should be bullish
CandleName: Doji
Pattern type: Reversal
Indication: Bullish
Confirmation: required
Notes: Next candle should be bullish
CandleName: Kicker
Pattern type: Reversal
Indication: Bullish
Confirmation: none

Bearish Reversal Patterns

CandleName: Hanging Man
Pattern type: Reversal
Indication: Bearish
Confirmation: required
Notes: Next candle should be bearish with a lower open
CandleName: Three Black Crows
Pattern type: Reversal
Indication: Bearish
Confirmation: none
CandleName: Engulfing
Pattern type: Reversal
Indication: Bearish
Confirmation: suggested
Notes: Next candle should be bearish
CandleName: Harami
Pattern type: Reversal
Indication: Bearish
Confirmation: strongly suggested
Notes: Next candle should be bearish
CandleName: Harami Cross
Pattern type: Reversal
Indication: Bearish
Confirmation: suggested
Notes: Next candle should be bearish
CandleName: Shooting Star
Pattern type: Reversal
Indication: Bearish
Confirmation: required
Notes: Gap from previous candle required, next candle should be bearish
CandleName: Dark Cloud Cover
Pattern type: Reversal
Indication: Bearish
Confirmation: none
CandleName: Doji Star
Pattern type: Reversal
Indication: Bearish
Confirmation: required
Notes: Gap from previous candle required, next candle should be bearish
CandleName: Evening Star
Pattern type: Reversal
Indication: Bearish
Confirmation: none
Notes: Gap from first to second required, gap from second to last desirable
CandleName: Three Inside Down
Pattern type: Reversal
Indication: Bearish
Confirmation: none
CandleName: Kicker
Pattern type: Reversal
Indication: Bearish
Confirmation: none
CandleName: Evening Doji Star (Southern Cross)
Pattern type: Reversal
Indication: Bearish
Confirmation: none
Notes: More significant than Evening Star
CandleName: Abandoned Baby
Pattern type: Reversal
Indication: Bearish
Confirmation: none
Notes: Doji shadows must gap from first and third candle
CandleName: Tri Star (Steve Nison)
Pattern type: Reversal
Indication: Bearish
Confirmation: suggested
Notes: verify this is not a data error, and next candle bearish
CandleName: Upside Gap Two Crows
Pattern type: Reversal
Indication: Bearish
Confirmation: mildly suggested
Notes: Third candle close must be above first candle close
CandleName: Meeting Lines (Counterattack Lines)
Pattern type: Reversal
Indication: Bearish
Confirmation: suggested
Notes: Close of both candles is the same, confirm by next candle opening lower
CandleName: Belt Hold
Pattern type: Reversal
Indication: Bearish
Confirmation: required
CandleName: Advance Block
Pattern type: Reversal
Indication: Bearish
Confirmation: suggested
CandleName: Tweezer Top
Pattern type: Reversal
Indication: Bearish
Confirmation: required
CandleName: Doji
Pattern type: Reversal
Indication: Bearish
Confirmation: required
Notes: Next candle should be bearish with a lower open
CandleName: Three Outside Down
Pattern type: Reversal
Indication: Bearish
Confirmation: none
CandleName: (for future use)
Pattern type: Continuation
Indication: Bullish
Confirmation:

Bullish Continuation Patterns

CandleName: Upside Tasuki Gap
Pattern type: Continuation
Indication: Bullish
Confirmation: recommended
CandleName: Bullish Side-by-Side White Lines
Pattern type: Continuation
Indication: Bullish
Confirmation: none
CandleName: Rising Three Methods
Pattern type: Continuation
Indication: Bullish
Confirmation: none
CandleName: Bullish Separating Lines
Pattern type: Continuation
Indication: Bullish
Confirmation: required
CandleName: Mat Hold
Pattern type: Continuation
Indication: Bullish
Confirmation: none
Notes: Rising Three Methods with gap
CandleName: Bullish Three-Line Strike
Pattern type: Continuation
Indication: Bullish
Confirmation: required
Notes: Also called Fooling Three Soldiers
CandleName: Upside Gap Three Methods
Pattern type: Continuation
Indication: Bullish
Confirmation: suggested
CandleName: (for future use)
Pattern type: Continuation
Indication: Bullish
Confirmation:

Bearish Continuation Patterns

CandleName: Downside Tasuki Gap
Pattern type: Continuation
Indication: Bearish
Confirmation: recommended
CandleName: Bearish Side-by-Side White Lines
Pattern type: Continuation
Indication: Bearish
Confirmation: recommended
Notes: very rare
CandleName: Falling Three Methods
Pattern type: Continuation
Indication: Bearish
Confirmation: none
CandleName: Bearish Separating Lines
Pattern type: Continuation
Indication: Bearish
Confirmation: required
CandleName: Bearish Three-Line Strike
Pattern type: Continuation
Indication: Bearish
Confirmation: required
Notes: Also called Fooling Three Crows
CandleName: Downside Gap Three Methods
Pattern type: Continuation
Indication: Bearish
Confirmation: suggested
CandleName: On Neck
Pattern type: Continuation
Indication: Bearish
Confirmation: suggested
Notes:
CandleName: In Neck
Pattern type: Continuation
Indication: Bearish
Confirmation: suggested
Notes: Last candle slightly into previous body
CandleName: Thrusting
Pattern type: Continuation
Indication: Bearish
Confirmation: suggested
Notes: Last candle below middle of previous body
CandleName: (for future use)
Pattern type: Continuation
Indication: Bearish
Confirmation:

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