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PipsGrowth

Candlestick Patterns

Master 30+ candlestick patterns with detailed explanations, identification tips, and trading strategies.

🔧 Pattern Detection Tools

Learn about Python packages and MT5 methods to automatically detect these patterns

View Detection Tools
Showing 30 of 30 patterns
🔨
bullish

Hammer

A single candlestick pattern with a small body at the top and a long lower shadow (at least 2x the body). Appears at the bottom of a downtrend.

60%High1Beginner
🔼
bullish

Inverted Hammer

A single candlestick with a small body at the bottom and a long upper shadow. Appears at the bottom of a downtrend, signaling potential reversal.

55%Moderate1Beginner
📈
bullish

Bullish Engulfing

A two-candle reversal pattern where a large bullish candle completely engulfs the previous bearish candle. One of the most reliable reversal patterns.

75%Very High2Beginner
⬆️
bullish

Piercing Line

A two-candle bullish reversal pattern where the second candle opens below the first candle low but closes above the midpoint of the first candle.

60%High2Intermediate
bullish

Morning Star

A three-candle reversal pattern consisting of a long bearish candle, a small-bodied candle (gap down), and a long bullish candle closing into the first candle.

78%Very High3Intermediate
📊
bullish

Three White Soldiers

Three consecutive long bullish candles, each opening within the previous body and closing progressively higher. Strong reversal signal.

80%Very High3Beginner
🎯
bullish

Bullish Harami

A small bullish candle contained entirely within the previous large bearish candle. Signals potential reversal but requires confirmation.

53%Moderate2Beginner
bullish

Tweezer Bottom

Two or more candles with matching lows at the bottom of a downtrend. Shows strong support at that price level.

55%Moderate2Intermediate
🪰
bullish

Dragonfly Doji

A doji with a long lower shadow and no upper shadow, opening and closing at the high of the session. Strong bullish reversal at bottoms.

62%High1Intermediate
💫
bearish

Shooting Star

A small body at the bottom of the candle with a long upper shadow (at least 2x the body). Appears at the top of an uptrend.

60%High1Beginner
🔻
bearish

Hanging Man

Same shape as hammer but appears at the top of an uptrend. Small body with long lower shadow indicates potential bearish reversal.

52%Moderate1Beginner
📉
bearish

Bearish Engulfing

A large bearish candle completely engulfs the previous bullish candle. One of the most reliable bearish reversal patterns.

75%Very High2Beginner
☁️
bearish

Dark Cloud Cover

Bearish counterpart to piercing line. Second candle opens above the first high but closes below the midpoint of the first candle.

60%High2Intermediate
🌙
bearish

Evening Star

Bearish counterpart to morning star. Long bullish candle, small star candle, then long bearish candle. Major reversal pattern.

78%Very High3Intermediate
🦅
bearish

Three Black Crows

Three consecutive long bearish candles, each opening within the previous body and closing progressively lower.

80%Very High3Beginner
🎪
bearish

Bearish Harami

A small bearish candle contained within the previous large bullish candle. Signals potential reversal but needs confirmation.

53%Moderate2Beginner
bearish

Tweezer Top

Two or more candles with matching highs at the top of an uptrend. Shows strong resistance at that level.

55%Moderate2Intermediate
⚰️
bearish

Gravestone Doji

A doji with a long upper shadow and no lower shadow. Open and close at the low. Strong bearish reversal at tops.

62%High1Intermediate
📈
continuation

Rising Three Methods

Bullish continuation pattern: long bullish candle, 3 small bearish candles within its range, then another long bullish candle.

65%High5Advanced
📉
continuation

Falling Three Methods

Bearish continuation pattern: long bearish candle, 3 small bullish candles within range, then another long bearish candle.

65%High5Advanced
⬆️
continuation

Upside Tasuki Gap

Bullish continuation: two bullish candles with a gap, followed by a bearish candle that opens in the second candle and closes in the gap.

57%Moderate3Advanced
⬇️
continuation

Downside Tasuki Gap

Bearish continuation: two bearish candles with gap down, followed by bullish candle that opens in second candle and closes in gap.

57%Moderate3Advanced
indecision

Doji

Open and close are virtually the same, creating a cross or plus sign. Signals market indecision and potential reversal.

50%Moderate1Beginner
⚖️
indecision

Long-Legged Doji

Doji with very long upper and lower shadows, showing extreme indecision with wide price swings but no resolution.

55%High1Intermediate
🔄
indecision

Spinning Top

Small body with upper and lower shadows that are longer than the body. Shows indecision but less significant than doji.

45%Low1Beginner
〰️
indecision

High Wave Candle

Very long upper and lower shadows with a small body. Similar to long-legged doji but with a small body instead of none.

52%Moderate1Intermediate
📊
advanced

Three Inside Up

Bullish harami followed by a confirmation candle closing above the first candle. Strong reversal confirmation.

65%High3Intermediate
📉
advanced

Three Inside Down

Bearish harami followed by confirmation candle closing below the first candle. Strong bearish reversal confirmation.

65%High3Intermediate
🚀
advanced

Three Outside Up

Bullish engulfing pattern followed by a confirmation candle closing higher. One of the strongest reversal patterns.

70%Very High3Intermediate
💥
advanced

Three Outside Down

Bearish engulfing followed by confirmation candle closing lower. One of the strongest bearish reversal patterns.

70%Very High3Intermediate

📚 Pattern Trading Best Practices

Do's

  • Always wait for pattern confirmation
  • Consider the overall trend context
  • Use patterns at key support/resistance levels
  • Combine with other technical indicators
  • Use proper risk management (1-2% per trade)

Don'ts

  • Don't trade patterns in isolation
  • Don't ignore the prevailing trend
  • Don't trade every pattern you see
  • Don't use low timeframes only (more noise)
  • Don't forget to set stop losses