Alphaex Capital Candlestick Pattern Cheat Sheet
Alphaex Capital Candlestick Pattern Cheat Sheet
Alphaex Capital Candlestick Pattern Cheat Sheet
Below we have the candlestick patterns that may signal a bullish move in the markets.
These are really-effective to know because when these patterns are showing themselves, you can
quickly adjust your trading ideas to either continue or reverse your trading bias.
These are great examples of bullish candlesticks that you can reference to now and then to familiarise
yourself with the patterns.
Alphaex Pro Tip: As you get started, don’t try and focus on ALL patterns at once. Instead,
focus on the most recognisable ones such as the Bullish Engulfing and Hammer patterns.
This will allow you to identify them easily, and gain experience quickly in how to utilise them
effectively.
Moving on, it’s time to review the patterns when the market turns bearish…
9
BEARISH CANDLESTICK PATTERNS
Trading means you don’t have a preference whether the market goes up or down.
That’s why these bearish candlestick patterns can help you identify bearish momentum, quickly and
effectively.
And now you are armed with the patterns that can help identify bullish and bearish movements.
10
REVERSAL CANDLESTICK PATTERNS
We’ve grouped the bullish and bearish price action patterns here to identify the ones that are reversal
indicators.
This is a good idea to learn it like this as well because you can see that these patterns show you a
potential entry and/or exit from a trade.
11
CONTINUATION CANDLESTICK
PATTERNS
In addition to reversals, the candlesticks can also identify when the markets are ready to continue
their trend.
• Add to your current trading position, increasing your position size to take advantage of the
trend
• Exit a trade for profit, or realise a loss if the trend is going against you.
12
THE ULTIMATE
CANDLESTICK PATTERN
CHEAT SHEET
Bullish | Bearish | Reversal | Continuation
Bullish Piercing Inverted Morning Bullish Bullish Mat Three Stars in Dumpling Top
Hammer
Engulfing Line Hammer Star Separating Lines Hold the South
Morning Bullish Bullish Bullish Three White Bullish Three Line Bullish Meeting Frypat Tower
Doji Star Harami Engulfing Cross Belt Hold Soldiers Strike Line Bottom Bottom
Hanging Bearish Bearish Shooting Evening Evening Bearish Bearish Upside Gap
Man Engulfing Piercing Line Star Star Doji Star Harami Belt Hold Two Crows
Bearish Three Black Bearish Dumpling Top Tower Top Advance Bearish Bearish
Harami Cross Crows Meeting Line Block Breakaway Kicking
Downside Falling Three Bearish Mat Bearish Three Bearish Thrusting Line
Tasuki Gap Methods Hold Line Strike Separating Line
The best way to execute a trade from a candlestick pattern is to wait until the
candlestick closes then place an order above the "trigger" candlestick's high (if it's a
buy signal) or low (if it's a sell signal).