Candlestick Patterns

Doji

Criteria:
The body’s length is null or nearly null.



The doji shows indecision between sellers and buyers. If the doji appears at the bottom or at the top of the trend, this is often mark the turnaround.

Dragonfly



The dragonfly is a special doji. If it appears at the bottom of the trend, it frequently mark the turnaround.

Gravestone



The gravestone is also a special doji. It is the opposite of dragonfly. If it appears at the top of the trend, it frequently mark the turnaround.

Hammer

Criteria:
The lower shadow have to be minimum two times longer than the body.
There should not be upper shadow or if there is, it should be very little.



A hammer is similar to the dragonfly. The difference is between them, that the hammer candlestick has a body. If it appears at the bottom of the trend, then it is a strong bullish signal.

Shooting Star

Criteria:
The upper shadow have to be, minimum two times longer than the body.
There should not be lower shadow or if there is, it should be very little.



The shooting star is opposite of hammer candlestick. If it appears at the top of the trend, then it is a strong bearish signal.

Inverted Hammer/Hanging Man




The inverted hammer functions similarly to the hammer, but it has weaker sign. As well, the hanging man functions similarly to the shooting star, but it has weaker sign.

Marubozu

Criteria:
It has neither upper nor lower shadows.
It has a long body.



The green marubozu is a really strong bullish signal. It shows that buyers control the market. As well, the red marubozu is a really strong bearish sign. It indicates that sellers control the market.