Types of Candlestick Patterns:
The candlestick patterns can be divided into:
• Single Candle Pattern
• Double Candle Pattern
• Triple Candle Pattern
Single Candle Pattern
A single candle pattern involves only 1 candlestick. The more famous single candle patterns are:
• Hammer:
• Doji
• White Marubozu
• Spinning bottom
• Black Marubozu
• Inverted Hammer
• Spinning top
• Hanging man
• Shooting star
Double candle patterns
Double candle patterns consist of two Japanese candlesticks. The more famous double candle patterns are:
• Bullish engulfing
• Bearish engulfing
• Bullish Harami
• Bearish Harami
• Tweezer Top
• Tweezer Bottom
Triple candle patterns
Triple candle patterns are formed from three candlesticks. Some of the more well-known triple candle patterns include
• Morning Star
• Evening Star
• 3 white soldier
• 3 Black crows
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