Tue. Apr 6th, 2021

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Japanese Candlesticks Cheat Sheet

2 min read

Japanese Candlesticks are technical analysis tools used to regulate possible price movement depending on the previous patterns. They are generally used to understand four price points- open, close, high and low, during the entire period of time the trader cites. They provide more accurate and refined details about price movements over bar charts.

Japanese candlesticks are used in any time frame, be it one day, or one hour, or 30-minutes.

  • If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn
  • If the close is below the open, then a filled candlestick (usually displayed as black) is drawn
  • The hollow or filled section of the candlestick is called the real body or body.
  • The thin lines poking above and below the body display the high/low range and are called shadows
  • The top of the upper shadow is the high
  • The bottom of the lower shadow is the low

CANDLESTICK NAME

BULLISH OR BEARISH

WHAT IT LOOKS LIKE

SPINNING TOP

NEUTRAL

DOJI

NEUTRAL

blank

WHITE MARUBOZU

BULLISH

blank

BLACK MARUBOZU

BEARISH

blank

 

  • SINGLE:

CANDLESTICK NAME

BULLISH OR BEARISH WHAT IT LOOKS LIKE

HAMMER

BULLISH blank

HANGING MAN

BEARISH blank
INVERTED  HAMMER BULLISH blank
SHOOTING STAR BEARISH blank

 

  • DOUBLE:

    CANDLESTICK NAME

    BULLISH OR BEARISH

    WHAT IT LOOKS LIKE

    BULLISH ENGULFING

    BULLISH blank
    BEARISH ENGULFING BEARISH blank

    TWEEZER TOPS

    BEARISH blank
    TWEEZER  BOTTOMS BULLISH blank

     

  • TRIPLE:

    CANDLESTICK NAME

    BULLISH OR BEARISH

    WHAT IT LOOKS LIKE

    MORNING STAR

    BULLISH blank
    EVENING STAR BEARISH blank

    THREE WHITE SOLDIERS

    BULLISH blank
    THREE BLACK CROWS BEARISH blank

    THREE INSIDE UP

    BULLISH blank
    THREE INSIDE DOWN BEARISH blank

     

     

     

     

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