best forex candlestick patterns cheat sheet pdf

Made up of three candlesticks, a bullish followed by two bearish ones. This often suggests a bearish continuation. Made up of three bearish candlesticks with little or no wicks. The bearish candlestick doesn’t always have to be as big as the first bullish candle. The third one is a bearish candle that suggests a turnaround in the market bias. The second one is a little candle without a body and very little wicks. When they follow each other, it is often a sign that the market is taking a sharp turn towards the downtrend.Ī long bearish candlestick with no wicks (or negligible wicks) that suggests a downtrend continuation. Made up of two candlesticks of almost equal sizes – a bullish followed by a bearish. It is called bearish engulfing because the size of the bearish candle completely engulfs the bullish one preceding it. Made up of two candlesticks – a bullish followed by a bearish one. What marks it out as a bearish candlestick pattern is a small body underneath a long wick.

This candlestick could either be bullish or bearish. A bearish candlestick comes first, and it’s followed by a bullish one.Ī candlestick that has a long wick above it with a tiny body underneath. Tweezers are almost similar to exhaustion candlesticks, except that bullish tweezers come in twos and often have shorter wicks. But the next bullish candlestick engulfs the bearish one suggesting the market is making a strong move towards the uptrend. The first bullish candlestick after the bearish one is small compared to the previous bearish candlestick. Made up of three candlesticks – a bearish followed by two bullish ones. This often suggests a bullish continuation. Made up of three bullish candlesticks with little or no wicks. The bullish candlestick doesn’t always have to be as big as the first bearish candle. The third one is a bullish candlestick that suggests a turnaround in the market bias. The second one is a small candle with a negligible body and very little wicks. When they follow each other, it is often a sign that the market is taking a sharp turn towards the uptrend.Ī long bullish candlestick with no wicks (or negligible wicks) that suggests an uptrend continuation.

Made up of two candlesticks of almost equal sizes – a bearish followed by a bullish. It is called bullish engulfing because the size of the bullish candle completely engulfs the bearish one preceding it. Made up of two candlesticks – a bearish followed by a bullish one. What marks it out as a bullish candlestick pattern is its small body sitting on a long wick. A candlestick that has a long wick underneath it with a tiny body at the top.

Best forex candlestick patterns cheat sheet pdf