Japanese Candlesticks Cheat Sheet

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
WHITE MARUBOZU	BULLISH
BLACK MARUBOZU	BEARISH

• SINGLE:

CANDLESTICK NAME	BULLISH OR BEARISH	WHAT IT LOOKS LIKE
HAMMER	BULLISH
HANGING MAN	BEARISH
INVERTED  HAMMER	BULLISH
SHOOTING STAR	BEARISH

• DOUBLE:
  

  CANDLESTICK NAME	BULLISH OR BEARISH	WHAT IT LOOKS LIKE
  BULLISH ENGULFING	BULLISH
  BEARISH ENGULFING	BEARISH
  TWEEZER TOPS	BEARISH
  TWEEZER  BOTTOMS	BULLISH

   

• TRIPLE:
  

  CANDLESTICK NAME	BULLISH OR BEARISH	WHAT IT LOOKS LIKE
  MORNING STAR	BULLISH
  EVENING STAR	BEARISH
  THREE WHITE SOLDIERS	BULLISH
  THREE BLACK CROWS	BEARISH
  THREE INSIDE UP	BULLISH
  THREE INSIDE DOWN	BEARISH

   

   

   

   

Avadoot Shah

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