Welcome to TechnicalArun, we have given you answers to all these questions in this article 35 Powerful Candlestick Patterns Pdf, Candlestick Pattern Pdf Download, 35 Powerful Candlestick Patterns Pdf Download, Candlestick Patterns Pdf etc. Through this article, we have told about all those important candle patterns, which give the highest targets in the market at this time.
The information given by me in this article is learned from live market. If you understand this article well, then you will understand technical analysis to a great extent.
What is Candlestick Pattern | 35 Powerful Candlestick Pattern Pdf Download
Many people have this question, what does the candlestick pattern mean? Let me tell you that it is easier for us to trade through candles and the job of candles is to tell the price changes going on in the market. A candle has 2 weeks and 1 body.
There are 2 different colored candles in the chart, the color of 1 candle is red and the color of 2 candles is green. The red candle means that the market is going to fall, it shows the strength of the sellers and the green candle means that the market is going to rise, it shows the strength of the buyers in the market
Because of these candles, it becomes very easy to analyze the market. We will discuss with you one by one about 35 Powerful Candlestick Patterns PDF Download.
How Many Types Of Candlestick Patterns Are There | Types Of Candlestick Patterns
Let us tell you that there are 35 Powerful Candlestick Patterns, but you do not have to learn all these patterns. We will explain to you only 4-5 patterns, if you understand these patterns, you will learn 50% trading.
- Piercing Pattern:
- Bullish Engulfing:
- The Morning Star:
- Three White Soldiers:
- White Marubozu:
- Three Inside Up:
- Bullish Harami:
- Tweezer Bottom:
- Inverted Hammer:
- Three Outside Up:
- On-Neck Pattern:
- Bullish Counterattack- Bearish Candlestick Pattern:
- Hanging man:
- Dark cloud cover:
- Bearish Engulfing:
- The Evening Star:
- Three Black Crows:
- Black Marubozu:
- Three Inside Down:
- Bearish Harami:
- Shooting Star:
- Tweezer Top:
- Three Outside Down:
- Spinning Top:
- Falling Three Methods:
- Rising Three Methods:
Hammer Candle Pattern
First of all we will explain to you about Hammer candle. This candle means that now the price is going to change very rapidly in the market. When there is a downtrend in the market, sellers become weak, after which a hammer candle is formed at the bottom, after which the price increases rapidly in the market.
Rules for taking trade: The market should be in a downtrend before the Hammer candle is formed. The way it is shown in the photo given below. The longer the body of the Hammer candle and the longer the week, the more the market will go into an uptrend.
Entry: To be in profit you have to set a better stop-loss so that your SL does not break. Stop-loss is placed 1-2 points below the low of this candle.
Bullish Engulfing Candle Pattern
Bullish engulfing candlestick pattern is also one of the patterns in 35 Powerful Candlestick Patterns Pdf Download. It is the most popular pattern in the market and has high profits. When this pattern is formed, its target is quite big.
This is a reversal pattern, the trend before its formation is a downtrend, after which this candle is formed on support or trendline which gives the highest profit. You get much bigger targets through bullish engulfing.
Rules: Trade in this pattern only when the pattern is formed. In this the first candle is red and the second candle is green. The first red candle is smaller and the second green candle is bigger. Trade on this candle only when the previous trend is downward and a bullish engulfing candle is formed at the support.
Entry: You have to take entry immediately after the formation of this pattern and keep the stop-loss at the low of this pattern or the low of the previous candle.
Bullish Harami Candlestick Pattern
Bullish Harami Candlestick Pattern is also included in this 35 Powerful Candlestick Patterns Pdf Download. This pattern is most formed on the chart and gives more profits. Long targets are found on this Bullish Harami Candlestick Pattern. The trend before this pattern is formed is the downtrend. This gives you an indication of the strength of buyers in the market.
In such a pattern, sellers become weak, due to which the market goes up very fast. In this pattern, 2 candles are formed whose color is green and red, the first candle is red and the second candle is green. The first candle becomes bigger and the second candle becomes smaller. It is quite easy to understand this. This pattern is always formed on support and trendline.
If you take trades on this pattern, you will get very good profits because its target is quite big.
Rules: If you see the Bullish Harami Candlestick Pattern being formed somewhere other than the support and trendline, then you should not take the trade. With this pattern, you can take trades with less quantity in the sideways market to earn more profits.
Entry: In this, the entry on the pattern is to be taken only when the pattern is completely made. You should place the stop-loss only 2 points below the low of the pattern.
Dragonfly Doji Candlestick Pattern
35 Powerful Candlestick Patterns PDF Download also includes the Dragonfly doji candlestick pattern. This candle is formed very often in the market, but when it is formed on support and trendline then it gives good profits. Before this candle is formed, there is a downtrend as you can see in this photo.
What signal does this candle give us? From this, we come to know that now the strength of buyers is more in the market and sellers have become weak due to which now the market will go up. This candle can be any color red or green.
Rules: You have to take trades on Dragonfly doji candlestick pattern only on one condition. The market is in a downtrend and the Dragonfly doji candle is forming at its support. The color of this candle has no meaning. This candle has a long week and very little body, as you can see in this photo. The longer the week, the greater will be the profit.
Entry: Let the Dragonfly doji candle close before taking the trade, and then take the trade. Stop-loss should be kept 2 points below the low of this candle.
Pinbaar Candlestick Pattern
Pinbar Candlestick Pattern is also included in 35 Powerful Candlestick Patterns Pdf Download. Let us understand the meaning of this candle, the trend before the formation of this candle is a downtrend. Pin bar candles are formed just as the sellers’ power begins to wane. Pin bar candle indicates to us that now buyers have become very strong, and the market is about to go up.
Rules: When a Pin bar candle is formed after the end of a downtrend, there is an 80% chance of the market going up. This also works in a sideways market, but for that you have to move with less risk and less quantity.
You will see this candle being formed at many places, you should not take trades at those places, it will cause loss to you.
Entry: It is very important to take entry at the right place on this candle. You should place a stop-loss 2 points below the low of this Pin bar candle.
In this article, we have explained to you about 35 Powerful Candlestick Patterns Pdf, Candlestick Pattern Pdf Download, 35 Powerful Candlestick Patterns Pdf Download, Candlestick Patterns Pdf, etc. We hope that you liked the information given by us. If you have any questions related to this article, you can ask us through comment, we will try our best to answer each of your questions.