Candlestick Charting

Harami - A harami is a reversal pattern that is the opposite of an engulfing pattern.  A small opposite color body is within a larger body at the top or bottom of a move.  It indicates that the trend has lost momentum.

Bearish 3

Bearish Harami

Bearish Harami Cross

Big Black Candle

Big White Candle
Pattern		A very long white body with a wide range between high and low. Prices open near the low and close near the high.
Interpretation		A bullish pattern.

Black Body
Pattern		This candlestick is formed when the closing price is lower than the opening price.
Interpretation		A bearish signal. More important when part of a pattern.

Bullish 3
Pattern		A long white body followed by three small bodies, ending in another long white body. The three small bodies are contained within the first white body.
Interpretation		A bullish continuation pattern.

Bullish Harami
Pattern		A very large black body is followed by a small white body and is contained within the black body.
Interpretation		A bullish pattern when preceded by a downtrend

Bullish Harami Cross
Pattern		A Doji contained within a large black body.
Interpretation		A bottom reversal pattern

Dark Cloud Cover Pattern A long white body followed by a black body. The following black candlestick opens higher than the white candlestick's high and closes at least 50% into the white candlestick's body. Interpretation A bearish reversal signal during an uptrend.

Doji
Pattern		The open and close are the same.
Interpretation		Dojis are usually components of many candlestick patterns. This candlestick assumes more importance the longer the verticle line.

Doji Star
Pattern		A Doji which gaps above or below a white or black candlestick.
Interpretation		A reversal signal confirmed by the next candlestick (eg. a long white candlestick would confirm a reversal up).

Engulfing Bearish Line
Pattern		A small white body followed by and contained within a large black body.
Interpretation		A top reversal signal.

Engulfing Bullish Line
Pattern		A small black body followed by and contained within a large white body.
Interpretation		A bottom reversal signal.

Evening Doji Star
Pattern		A large white body followed by a Doji that gaps above the white body. The third candlestick is a black body that closes 50% or more into the white body.
Interpretation		A top reversal signal, more bearish than the regular evening star pattern.

Evening Star
Pattern		A large white body followed by a small body that gaps above the white body. The third candlestick is a black body that closes 50% or more into the white body.
Interpretation		A top reversal signal.

Falling Window
Pattern		A gap or "window" between the low of the first candlestick and the high of the second candlestick.
Interpretation		A rally to the gap is highly probable. The gap should provide resistance

Gravestone Doji
Pattern		The open and close are at the low of the bar.
Interpretation		A top reversal signal. The longer the upper wick, the more bearish the signal.

Hammer
Pattern		A small body near the high with a long lower wick with little or no upper wick.
Interpretation		A bullish pattern during a downtrend

Hanging Man
Pattern		A small body near the high with a long lower wick with little or no upper wick. The lower wick should be several times the height of the body.
Interpretation		A bearish pattern during an uptrend.

Inverted Black Hammer
Pattern		An upside-down hammer with a black body.
Interpretation		A bottom reversal signal with confirmation the next trading bar.

Inverted Hammer
Pattern		An upside-down hammer with a white or black body.
Interpretation		A bottom reversal signal with confirmation the next trading bar.

Long Legged Doji
Pattern		A Doji pattern with long upper and lower wicks.
Interpretation		A top reversal signal.

Long Lower Shadow
Pattern		A candlestick with a long lower wick with a length equal to or longer than the range of the candlestick.
Interpretation		A bullish signal.

Long Upper Shadow
Pattern		A candlestick with an upper wick that has a length equal to or greater than the range of the candlestick.
Interpretation		A bearish signal

Morning Doji Star
Pattern		A large black body followed by a Doji that gaps below the black body. The next candlestick is a white body that closes 50% or more into the black body.
Interpretation		A bottom reversal signal.

Morning Star
Pattern		A large black body followed by a small body that gaps below the black body. The following candlestick is a white body that closes 50% or more into the black body.
Interpretation		A bottom reversal signal.

On Neck-Line Pattern In a downtrend, a black candlestick is followed by a small white candlestick with its close near the low of the black candlestick. Interpretation A bearish pattern where the market should move lower when the white candlestick's low is penetrated by the next bar.

Piercing Line
Pattern		A black candlestick followed by a white candlestick that opens lower than the black candlestick's low, but closes 50% or more into the black body.
Interpretation		A bottom reversal signal.

Rising Window Pattern A gap or "window" between the high of the first candlestick and the low of the second candlestick. Interpretation A selloff to the gap is highly likely. The gap should provide support.

Separating Lines
Uptrend	Downtrend
Pattern		In an uptrend, a black candlestick is followed by a white candlestick with the same opening price. In a downtrend, a white candlestick is followed by a black candlestick with the same opening price.
Interpretation		A continuation pattern. The prior trend should resume.

Shaven Bottom
Pattern		A candlestick with no lower wick.
Interpretation		A bottom reversal signal with confirmation the next trading bar.

Shaven Head
Pattern		A candlestick with no upper wick.
Interpretation		A bullish pattern during a downtrend and a bearish pattern during an uptrend.

Shooting Star
Pattern		A candlestick with a small body, long upper wick, and little or no lower wick.
Interpretation		A bearish pattern during an uptrend.

Spinning Top
Pattern		A candlestick with a small body. The size of the wicks is not critical.
Interpretation		A neutral pattern usually associated with other formations.

Three Black Crows
Pattern		Three long black candlesticks with consecutively lower closes that close near their lows.
Interpretation		A top reversal signal.

Three White Soldiers
Pattern		Three white candlesticks with consecutively higher closes that close near their highs.
Interpretation		A bottom reversal signal.

Tweezer Bottoms
Pattern		Two or more candlesticks with matching bottoms. The size or color of the candlestick does not matter.
Interpretation		Minor reversal signal.

Tweezer Tops Pattern Two or more candlesticks with similar tops. Interpretation A reversal signal.

White Body
Pattern		A candlestick formed when the closing price is higher than the opening price.
Interpretation		A bullish signal

Piercing line and Black Cloud Cover - This is a bullish reversal pattern that has a long green body that pierces through the midpoint or higher of a long red body.  This occures after a downtrend.  It is similar to a bullish engulfing pattern except that the bulls did not show up in complete force to completely engulf the previous day's move.