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Japanese Candlesticks 日本蜡烛图: Page 7 of 7

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Japanese Candlestick Cheat Sheet

Did you click here first? If you did, stop reading right now and go through the entire Japanese Candlesticks Lesson first!

If you’re REALLY done with those, here’s quick one page reference cheat sheet for single, dual, and triple Japanese candlestick formations to easily identify what kind of pattern you are looking at whenever you are trading.

Go ahead and bookmark this page… No need to be shy!

Number of Bars Candlestick Name Bullish or Bearish? What It Looks Like?
Single Spinning Top Neutral Candlestick Pattern: Spinning Tops
Doji Neutral Candlestick Pattern: Dojis
White Marubozu Bullish Candlestick Pattern: White Marubozu
Black Marubozu Bearish Candlestick Pattern: Black Marubozu
Hammer Bullish Candlestick Pattern: Hammer
Hanging Man Bearish Candlestick Pattern: Hanging Man
Inverted Hammer Bullish Candlestick Pattern: Inverted Hammer
Shooting Star Bearish Candlestick Pattern: Shooting Star
Number of Bars Candlestick Name Bullish or Bearish? What it Looks Like?
Double Bullish Engulfing Bullish Dual Candlestick Pattern: Bullish Engulfing
Bearish Engulfing Bearish Dual Candlestick Pattern: Bearish Engulfing
Tweezer Tops Bearish Dual Candlestick Pattern: Tweezer Tops
Tweezer Bottoms Bullish Dual Candlestick Pattern: Tweezer Bottoms
Triple Morning Star Bullish Triple Candlestick Pattern: Morning Star
Evening Star Bearish Triple Candlestick Pattern: Evening Star
Three White Soldiers Bullish Triple Candlestick Pattern: Three White Soldiers
Three Black Crows Bearish Triple Candlestick Pattern: Three Black Crows
Three Inside Up Bullish Triple Candlestick Pattern: Three Inside Up
Three Inside Down Bearish Triple Candlestick Pattern: Three Inside Down

Summary of Japanese Candlesticks

Summary of Japanese Candlesticks

  • 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”.

Long bodies indicate strong buying or selling. The longer the body is, the more intense the buying or selling pressure.

Short bodies imply very little buying or selling activity. In street forex lingo, bulls mean buyers and bears mean sellers.

Upper shadows signify the session high.

Lower shadows signify the session low.

There are many types of Japanese candlestick patterns, but they can be categorized into how many bars make up the candlestick pattern. There are single, dual, and triple candlestick formations. The most common types of Japanese candlestick patterns are the following:

Number of Bars Japanese Candlestick Pattern
Single Spinning Tops, Dojis, Marubozu, Inverted Hammer, Hanging Man, Shooting Star
Double Bullish and Bearish Engulfing, Tweezer Tops and Bottoms
Triple Morning and Evening Stars, Three Black Crows and Three White Soldiers, Three Inside Up and Down

Just refer to the Japanese Candlesticks Cheat Sheet for a quick reference on what these candlestick patterns mean.

Combine candlestick analysis with support and resistance levels for best results.

And finally, here are some words of wisdom.

Just because candlesticks hint at a reversal or continuation, it doesn’t mean it will happen for sure! You must always consider market conditions and what price action is telling you.

This is the forex market and nothing is set in stone!