How to understand all candlestick patterns-

Candlestick Patterns, All Candlestick Patterns Pdf, All Candlestick Patterns Pdf In Hindi, Doji Candlestick Pattern, Hammer Candlestick, Inverted Hammer Candlestick

What is Candlestick Patterns?

Candlestick charts help to understand about the ups and downs of the market. Candlestick is very helpful for Retail traders “Candlestick Pattern” you must be understanding from its name.

Candlestick Patterns

It is shaped like a candle which we call candlestick pattern. In candlestick pattern, we have to understand OHLC in the best way,

in which you will have to know about the market. O – open H – high L – low C – close

 OHLC Identity -

It is no secret that whenever a bullish pattern is formed in the market, the market moves upwards and a green candle is formed. If a Bearish pattern is formed in the market, then a red colored candle is formed, which indicates that the market is falling. T

The first earring green candle indicates that the market has moved up and closed. Second is the red colored candle which indicates to us that the market has closed after falling from where it started.

All Candlestick Patterns Pdf 

In hammer candle, the body of the candle is small and the lower shadow is very long and there is no upper shadow at all, we call it hammer candle. This type of candle can be either red or green.

 Hammer  Candlestick Pattern 

Hammer Candlestick Pattern 

1. If the hammer candle is formed in the down trend in the chart, then there is a 90% chance of it going to the up trend of the market, in which the share price increases.

Hammer Candlestick

2. If the hammer candle is formed in the up trend in the chart, then there are 90% chances of the market going down trend.  candlestick patterns,bulish candlestick pattern

This is a candle that does not have a body, in this candle both the open price and the close price are very close. Whenever a Doji candle is formed in the chart, it indicates that the trade is reversal.

Doji Candlestick Pattern

Doji Candlestick Pattern

Inverted Hammer Candlestick

 Bullish reversal pattern, which indicates a rapid change in the market, the time of recession is over, the body of this candle is very small and the upper shadow is very large and the lower shadow is neither or very small.

Inverted Hammer Candlestick

Inverted Hammer Candlestick

Whenever the price of the stock is going in the direction of falling, an inverted hammer pattern is formed in the bottom, then after that the price of the share increases.

Shooting Star Candlestick

 It becomes the shooting star at the top after more boom in the market. Its volume is more than the previous candle. To take trade here, the open price of the new second candle should be at the close price of the shooting star.

Shooting Star Candlestick

Shooting Star Candlestick

When the new candle goes down from the low price of the shooting star candle, a selling position should be created. Also a stop-loss should be put on the high price of the shooting star.

Bulish Candlestick Pattern| Candlestick Patterns Pdf