Full List of Japanese Candlestick Patterns (Cheat Sheet)

New: Join our 3-hour live workshop with Spencer to learn the basics of trading and make your first live trade!

There are many different candlestick patterns that can be used in technical analysis to interpret price data and make trading decisions.

Bullish vs. Bearish Candlestick Patterns

Bullish and bearish candlestick patterns are used in technical analysis to interpret price data and make trading decisions.

Bullish patterns suggest a potential uptrend and are generally seen as positive signals, while bearish patterns suggest a potential downtrend and are generally seen as negative signals.

Here is a list of some common candlestick patterns:

Bullish Candlestick Patterns:

• Hammer pattern: a small body and a long lower shadow, considered to be a bullish reversal pattern
• Hanging man: similar to the hammer pattern, but typically found at the top of an uptrend and considered to be a bearish reversal pattern
• Bullish engulfing pattern: a large white candlestick that completely engulfs the preceding small black candlestick, considered to be a strong bullish reversal pattern
• Morning star: a small black candlestick followed by a large white candlestick and a small black candlestick, considered to be a bullish reversal pattern
• Three white soldiers: three long white candlesticks in a row, considered to be a strong bullish reversal pattern
• Bullish harami: a small white candlestick inside the range of a large black candlestick, considered to be a bullish reversal pattern
• Morning doji star: a small black candlestick followed by a doji pattern and a large white candlestick, considered to be a bullish reversal pattern
• Bullish abandoned baby: a doji pattern with a gap above the doji, considered to be a bullish reversal pattern
• Bullish meeting lines: two white candlesticks with the same open and close, considered to be a bullish reversal pattern
• Bullish tasuki gap: a white candlestick with a gap below it, followed by a black candlestick with a gap above it, considered to be a bullish reversal pattern
• Bullish three line strike: three white candlesticks with consecutively higher closes, considered to be a strong bullish reversal pattern
• Bullish three inside up: a large black candlestick followed by a small white candlestick that is contained within the range of the black candlestick, considered to be a bullish reversal pattern
• Bullish three outside up: a small black candlestick followed by a large white candlestick with a higher close, considered to be a bullish reversal pattern
• Bullish three stars in the south: three small black candlesticks with consecutively lower closes, considered to be a bullish reversal pattern
• Tweezer bottom: two or more candlesticks with equal lows, typically seen as a bullish pattern

Bearish Candlestick Patterns:

• Shooting star: a small body and a long upper shadow, considered to be a bearish reversal pattern
• Inverted hammer: similar to the shooting star pattern, but typically found at the bottom of a downtrend and considered to be a bullish reversal pattern
• Bearish engulfing pattern: a large black candlestick that completely engulfs the preceding small white candlestick, considered to be a strong bearish reversal pattern
• Evening star: a large white candlestick followed by a small black candlestick and a large white candlestick, considered to be a bearish reversal pattern
• Three black crows: three long black candlesticks in a row, considered to be a strong bearish reversal pattern
• Bearish harami: a small black candlestick inside the range of a large white candlestick, considered to be a bearish reversal pattern
• Evening doji star: a large white candlestick followed by a doji pattern and a small black candlestick, considered to be a bearish reversal pattern
• Bearish abandoned baby: a doji pattern with a gap below the doji, considered to be a bearish reversal pattern
• Bearish meeting lines: two black candlesticks with the same open and close, considered to be a bearish reversal pattern
• Bearish tasuki gap: a black candlestick with a gap above it, followed by a white candlestick with a gap below it, considered to be a bearish reversal pattern
• Bearish three line strike: three black candlesticks with consecutively lower closes, considered to be a strong bearish reversal pattern
• Bearish three inside down: a large white candlestick followed by a small black candlestick that is contained within the range of the white candlestick, considered to be a bearish reversal pattern
• Bearish three outside down: a small white candlestick followed by a large black candlestick with a lower close, considered to be a bearish reversal pattern
• Bearish three stars in the north: three small white candlesticks with consecutively higher closes, considered to be a bearish reversal pattern
• Tweezer top: consists of two or more candlesticks with equal highs, typically seen as a bearish pattern

Neutral Candlestick Patterns:

• Doji: a small body with long upper and lower shadows, considered to be a neutral pattern indicating indecision or a lack of direction in the market
• Spinning top: similar to the doji pattern, but with a slightly larger body, considered to be a neutral pattern
• Gravestone doji: a doji pattern with a long upper shadow, considered to have more bearish bias
• Dragonfly doji: a doji pattern with a long lower shadow, considered to have more bullish bias
• Tri-star doji: composed of three doji patterns in a row, considered to have more bearish bias.
• Four price doji: a doji pattern with open, high, low, and close all at the same price, considered to be a neutral pattern

It is important to remember that there are many different candlestick patterns that can be used in technical analysis, and the list of patterns could potentially go on indefinitely.

However, it is important to keep in mind that candlestick patterns should be used in conjunction with other technical indicators and chart patterns, and should not be relied upon as the sole basis for trading decisions.

It is also important to understand the limitations of candlestick patterns and to be aware of the potential for subjectivity and interpretation in the analysis of these patterns.

If you would like to learn more about all the different candlestick patterns, also check out: “The Definitive Guide to Candlestick Patterns”

New to Trading? Make your first live trade today in this workshop! Meet Spencer live for 3 hours of hands-on training! No prior experience required! Learn all the basics of trading, and step-by-step guidance to make your first trade!

If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!

Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.