Welcome to the Bullish Bears candlesticks patterns course. If you’re ready to enter the exciting realm of candlesticks then our free candlesticks courses are going to blow your mind.
Japanese Candlestick patterns are the most important line of defense as a trader. RSI, MACD, moving average lines, as well as other indicators are great, but they don’t mean anything unless you know candlesticks FIRST!
In the 1700’s, a Japanese rice trader named Homma developed the system that we now know as Japanese Candlestick patterns today. As a rice trader, he saw the correlation between supply and demand coupled with price and emotions. Thanks to Homma, investors and traders of today’s world see how all markets are heavily influenced by emotions.
When emotions were factored in there was a major difference between the value and the price of rice. The trading principles that Homma created are now the basis of Japanese Candlesticks charts when trading. In light of this, candlesticks are the absolute name of the game when trading.
CANDLESTICKS PATTERNS COURSE – BULLISH BEARS CANDLESTICKS SCHOOL
There is a lot that candlesticks can tell us. For one thing they tell us a very powerful story between the bulls and the bears. This story forms candlesticks, which forms important patterns, and those patterns help to determine very important support and resistance levels.
Support and resistance is the name of the game when trading. Buy low and sell high, aka buy at support levels and sell at resistance levels.
However, over 90% of newbie traders do the complete opposite. They buy high and panic when the price drops and end up selling low. In other words, they buy at resistance levels and sell at support levels and many of times lose their life savings, simply because they don’t know candlesticks.
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CANDLESTICKS PATTERNS SCHOOL – THE SECRET
If you take the time to learn candlesticks patterns then you’ll know the secret to becoming a profitable and consistent trader. Sounds simple right?!
Well…it’s NOT!
If you really want to learn candlesticks patterns and become a profitable trader it’s important to realize that it’s going to take looking at hundreds, if not thousands of charts, until these patterns start jumping out at you. It’s important to train your eyes to see these patterns, and when you do, you’ll experience a very huge AHA moment as a trader.
Unfortunately, there’s no easy short cut around this path. There are a lot of candlesticks patterns to learn, however, the good news is that we have simplified the process for you by tailoring these patterns into two courses that will teach you the easiest to learn candlesticks patterns first. Next we will help you to progress onto the more complicated ones.
CANDLESTICKS PATTERNS SCHOOL – BOOKS
Before we begin our candlesticks patterns course, we highly recommend purchasing some very essential books on Japanese candlesticks patterns. Steve Nison has put together some really in depth books on candlestick charting.
His first book is an easy read and one that you’ll refer back to many times. Buy The Candlestick Course. Steve Nison is considered the god father of candlesticks trading. In particular, the absolute authority on the subject. If you’re going to take the time to read any book on candlesticks patterns, this is the one.
A second Steve Nison book that we recommend is Japanese Candlestick Charting Techniques. Steve discusses adding candlestick patterns along with technical analysis. This book is the next one that you should read after reading his candlestick course book. It really brings together the big picture with candlestick trading. Buy the Japanese Candlestick Charting Techniques.
CANDLESTICKS PATTERNS SCHOOL – RESOURCES
Feel free to reach out to us and ask us any questions in our free Stock Market Community. Become a member of our community by joining our stock market trading group of fun traders that cut through all the nonsense of the stock market and love to help you make money investing.
If you are new to the stock market and need help getting started then check out our how to get started in the stock market page.
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CANDLESTICKS PATTERNS COURSE
1) BULLISH CANDLESTICKS
The stock market is a constant battle between the bulls and the bears. Bulls try to push the stock price up and bears try to push it down. Bullish candlesticks are typically either green or white on stock charts. Bullish candlesticks inform you that buyers also known as bulls are in control. Every candlestick shows the price action for that day. Bullish candlesticks open lower and close higher.
The candlesticks patterns video below focuses on bullish candlesticks and the different forms that they come in.
Watch our Bullish Candlestick video.
Read our Bullish Candlestick post.
2) BEARISH CANDLESTICKS
Bearish candlesticks patterns are usually either red or black on stock charts. They let you know that sellers (bears) are in control of the day. These patterns have a high starting price but close lower. Price went down so shorts and put options are a break play for the candlesticks patterns.
The candlesticks patterns video below focuses on bearish candlesticks and the different forms that they come in.
Watch our Bearish Candlestick video.
Read our Bearish Candlestick post.
CANDLESTICK PATTERNS COURSE – DOJI’S
3) DOJI CANDLESTICKS
Doji candlesticks come in many different forms and are often times found within 2-3 candlesticks patterns that signify a potential reverse in trend. By themselves they are neutral. Hence, the reason why they’re more effective when paired with other candlesticks patterns.
Doji candlesticks show the tug of war between buyers and sellers with no side winning. The candlesticks patterns video below will focus on the basic doji candlestick and what it looks like on stock charts.
Our advanced candlestick course will show you doji patterns found in conjunction with multiple candlesticks.
Watch our Doji Candlestick video.
Read our Doji Candlestick post.
4) DRAGONFLY DOJI CANDLESTICKS
Dragonfly doji candlesticks typically have little to no real body with a longer lower shadow. In essence, this is showing that the bulls are in control. They can be found in both up trends and down trends. Ultimately they tell a different story depending on the trend.
Dragonfly doji candlesticks can be the hardest to find. They’re one of the few candlestick patterns that are a signal whether together with other candles or alone. They’re shaped like a T and signal a reversal.
The candlesticks patterns video below will show you several different examples of dragonfly doji candlesticks on stock charts.
Watch our Dragonfly Doji Candlestick video.
Read our Dragonfly Doji post.
5) GRAVESTONE DOJI CANDLESTICKS
Gravestone doji candlesticks have little to no real body with a longer upper wick. Overall signifying that the bears are trying to take control. They can be found in both up trends and down trends just like dragonfly doji’s and they tell a different story depending on the trend as well.
Gravestone doji candlesticks are typically considered to be bearish. They can be found in a bearish trend but usually this candle is found at the end of a bullish trend that’s going to reverse.
Watch our candlesticks patterns video below showing you several different examples of gravestone doji candlesticks on stock charts.
Watch our Gravestone Doji Candlestick video.
Read our Gravestone Doji post.
CANDLESTICKS PATTERNS COURSE – LONG LEGGED
6) LONG LEGGED DOJI CANDLESTICKS
Long legged doji candlesticks look just like their name suggests. They have similarities to their counterparts the dragonfly and gravestone doji’s, however they have really long upper and lower shadows. Long legged doji candlesticks are super indecisive.
This candlestick is shaped like a cross. The bulls and bears each had control at some point that day but neither side could take over. As result, price ended up closing right where it started. They’re most significant during a long term trend whether up or down.
Just like other doji candlesticks, the long legged doji signals indecision about a stocks future. The candlesticks patterns video below will show you several real world examples of what long legged doji’s look like on stock charts.
Watch our Long Legged Doji Candlestick video.
Read our Long Legged Doji post.
7) HIGH WAVE CANDLESTICKS
High wave candlesticks are very similar to long legged doji candlesticks but their real bodies are a bit bigger. They also signal indecision just like their doji counterparts. High wave candlesticks tell a story of high volatility along with indecision.
In essence it’s telling you traders are confused about which direction the stock will go. If there’s high volume along with a high wave candle that’s an even stronger signal traders are confused.
The candlesticks patterns video below will show you several real world examples of what high wave candlesticks look like on stock charts.
Watch our High Wave Candlestick video.
Read our High Wave Candlestick post.
CANDLESTICKS PATTERNS COURSE – HAMMERS
8) HAMMER CANDLESTICKS
Hammer Candlesticks are a pattern that occurs when a stock trades lower than its opening price. By market close it ends up closing near or above the opening price. The pattern forms a hammer shape and signals the potential of hammering out a base.
Hammer candlesticks are signs of a bullish reversal. Support has been found through panic selling. The stock may not reverse right then but the bulls are gaining momentum.
The candlesticks patterns video below will show you several real world examples of what hammer candlesticks look like on stock charts and what this pattern signifies during a downtrend.
Watch our Hammer Candlestick video.
Read our Hammer Candlestick post.
9) INVERTED HAMMER CANDLESTICKS
Inverted hammer candlesticks look just like their hammer counterparts but are flipped upside down. They tell a very similar story as hammer candlesticks in a downtrend, however in an uptrend it’s called a shooting star and shows a potential reversal to the downside in the near future. Inverted hammer candlesticks are known as bullish candlesticks. They have small real bodies that are upside down with a long wick. This candlestick is known as a reversal candle.
The candlesticks patterns video below will show you several real world examples of what inverted candlesticks look like on stock charts and what story this pattern tells during a downtrend.
Watch our Inverted Hammer Candlestick video.
Read our Inverted Hammer Candlestick post.
10) HANGING MAN CANDLESTICKS
Hanging man candlesticks look just like hammer candlesticks but are found in up trends. This candlestick shows the potential of a reversal to the downside. They form when a significant selloff occurs at the open of the market.
Buyers then come back in to push the price back up. That’s why there’s a small real body. Buyers are going to ultimately lose control so get ready because price is going to fall.
The candlesticks patterns video below explains what a hanging man candlestick is and shows you several different examples of what they look like on stock charts.
Watch our Hanging Man Candlestick video.
Read our Hanging Man Candlestick post.
CANDLESTICKS PATTERNS COURSE – GAPS
11) GAP UP
A gap up also known as a rising window happens when a stock sharply gaps up on a chart. Many times this happens due to news. The “windows” that are formed as a result signify really important support and resistance levels.
Gap up patterns are very common around earnings and form when trading is not happening. For example, after hours or pre-market. This is a very bullish candlesticks pattern because price is pushed up so much when trading begins. This pattern is most common on the daily chart.
There’s a saying that says…”all gaps must be filled.” It’s just a matter of when they get filled.
Watch our Gap Up video.
Read our Gap Up post.
12) GAP DOWN
A gap down, aka, falling window happens when a stock sharply gaps down on a chart. Many times this happens due to news. The “windows” that are formed as a result signify really important support and resistance levels. Gap down patterns occur outside of regular trading hours.
They can occur on all time frames though so you may see them during trading hours on a smaller time frame. Candlesticks patterns such as this one are bearish. In short, traders views of the stock has changed.
There’s a saying that says…”all gaps must be filled.” It’s just a matter of when they get filled.
Watch our Gap Down video.
Read our Gap Down post.
CANDLESTICKS PATTERNS COURSE – FLAGS
13) BULL FLAG PATTERNS
A bull flag is a chart pattern that looks like a flag pole, followed by smaller bodies that pull back or move up in a diagonal pattern, thus creating a flag formation. Many of times these patterns result in the continuation upwards of a stock.
Bull flag patterns are made of strong moves upwards (the pole) followed by a period of consolidation (the flag). Typically the conclusion of the candlesticks patterns such as this one result in another strong move up.
There are several different looking bull flag formations and the candlesticks patterns video below will show you several different real world examples on stock charts.
Watch our Bull Flag Pattern video.
Read our Bull Flag Pattern post.
14) BEAR FLAG PATTERNS
A bear flag is a chart pattern that looks like a flag pole, followed by smaller bodies that pull back or move up in a diagonal pattern, thus creating a flag formation. Many times these patterns result in the continuation downwards of a stock.
Bear flag patterns are a result of panic selling. The pole is formed because bulls are blindsided. They gain more confidence and the flag is formed as bulls come back in and begin buying again. This results in a bull trap as price then continues downwards.
There are several different looking bear flag formations and the candlesticks patterns video below will show you several different real world examples on stock charts.
Watch our Bear Flag Pattern video.
Read our Bear Flag Pattern post.
CANDLESTICKS PATTERNS COURSE – PENNANTS
15) BULL PENNANTS
A bull pennant is very similar in formation to a bull flag, however, the consolidation period forms more of a triangular pattern, rather than a flag formation. They are also continuation patterns.
Candlesticks patterns like this one form more of a pennant shape which differentiates itself from the bull flag. The pennant is formed by weakening volume whereas the pole is formed by increasing volume. Because it’s typically a bullish continuation pattern, price should continue upwards at the completion of the pattern.
Bull pennants and flags both tell a very similar story and many of times results in a continuation of an uptrend.
Watch our Bull Pennant patterns video.
Read our Bull Pennant patterns post.
16) BEAR PENNANTS
A bear pennant is very similar in formation to a bear flag, however, the consolidation period forms more of a triangular pattern, rather than a flag formation. They are bearish continuation patterns. In short, they form while a stock is in a downtrend.
The pennant is made by a consolidation period. It will be a mixture of bearish and bullish days that trade inside support and resistance. Once candlesticks patterns like this one complete then support should be broken.
Bear pennants and bear flags both tell a very similar story and many of times result in a continuation of a downtrend.
Watch our Bear Pennant patterns video.
Read our Bear Pennant patterns post.
CANDLESTICKS PATTERNS COURSE – TRIANGLES
17) SYMMETRICAL TRIANGLE PATTERNS
Triangles rule the world of trading. If you look at the majority of stocks on a bigger time frame, you’ll usually be able to find a larger triangular pattern, whether it’s symmetrical, ascending, or descending. In short, that’s why learning how to draw trend lines is crucial when trading because they tell very important support and resistances lines.
It’s important to find these triangles then drill down inside of them and find the patterns within the overall major pattern.
Symmetrical triangle patterns form when lines converge both up and down to a single apex point where the stock will either break out above or below the triangle. It’s made up of at least 2 lower highs and 2 higher lows. Connecting those results in the formation of candlesticks patterns such as this one.
The candlesticks patterns video below will show you several different examples of symmetrical triangle patterns on stock charts.
Watch our Symmetrical Triangle patterns video.
Read our Symmetrical Triangle patterns post.
18) ASCENDING TRIANGLE PATTERNS
An ascending triangle has an ascending base with a ceiling that has had several different candlestick touches that couldn’t break above the resistance levels. The multiple touches confirm confirmation where you’re able to draw a horizontal line creating a flat top.
Ascending triangle patterns are bullish continuation candlesticks patterns. The triangle is formed by strong support and resistance levels. The resistance level has to be broken since it is a bullish pattern.
When price breaks above this ceiling it’s often times called a flat top break out.
Watch our Ascending Triangle patterns video.
Read our Ascending Triangle patterns post.
19) DESCENDING TRIANGLE PATTERNS
A descending triangle has a descending ceiling and a base formation that has had several different candlestick touches that couldn’t break below the support levels. The multiple touches confirm support confirmation when you’re able to draw a horizontal line creating a flat bottom.
Descending triangle patterns are bearish candlesticks patterns. This is a really popular pattern. It shows that demand for the stock is slowing down.
When price breaks below this base it’s often a good time to go short.
Watch our Descending Triangle patterns video.
Read our Descending Triangle patterns post.
CANDLESTICKS PATTERNS COURSE – WEDGES
20) RISING WEDGES
Wedge patterns have very similar shapes as flags. They tend to have longer periods of movement though. Rising wedge patterns create a period of consolidation that forms an up channel in an overall downtrend.
This is known as waves because price moves up as well as down in a narrowing channel.
Many times price will continue in the movement of the overall downtrend once the up channel is broken to the downside. The candlesticks patterns video below will show you several different rising wedge pattern examples on stock charts.
Watch our Rising Wedge patterns video.
Read our Rising Wedge patterns post.
21) FALLING WEDGES
Falling wedge patterns create a period of consolidation which forms a down channel in an overall up trend. Many times price will continue in the movement of the overall up trend once the down channel is broken to the upside.
Falling wedge patterns are bullish even though the name would suggest otherwise. It’s a reversal pattern because when price breaks it goes in the opposite direction of the wedge.
The candlesticks patterns video below will show you several different falling wedge pattern examples on stock charts.
Watch our Falling Wedge patterns video.
Read our Falling Wedge patterns post.
CANDLESTICKS PATTERNS COURSE – HEAD AND SHOULDERS
22) HEAD AND SHOULDERS PATTERNS
When picturing head and shoulders patterns it’s easiest to picture a person and their body. For example, picture looking at them face first, then look at their head, two shoulders, and then their neckline. Now picture this image on a stock chart.
A center peak being a head and two other peaks on each side that are lower than the head, forming the two shoulders. Now picture the two lower peaks being either in equal formation or the right shoulder being lower than the left shoulder.
Next, connect the bottom of the first shoulder with the bottom of the 2nd shoulder with a trend line, which creates the neckline. Hence, the name head and shoulders pattern.
This pattern typically signals price reversal to the down side since price can’t break the peak of the head area. If you’re confused, then check out the candlesticks patterns video below showing you several head and shoulders pattern examples on stock charts.
Watch our Head and Shoulders Pattern video.
Read our Head and Shoulders patterns post.
23) INVERSE HEAD AND SHOULDERS PATTERNS
The inverse head and shoulders pattern is just the opposite of the head head shoulders pattern. Just picture a person upside down. Inverse head and shoulders patterns are bullish reversal candlesticks patterns. This is a pretty reliable trend to follow. Volume is also an important part of the pattern.
There are 2 shoulders each formed by lows that are pretty equal. The head is made up of the lowest point of the trend. When you connect the head and shoulders you get a neckline, which in turn, is a pretty key resistance level. Resistance must be broken for the pattern to be complete.
This pattern signifies a reversal in trend to the upside. The video below shows you several different inverse head and shoulders pattern examples.
Watch our Inverse Head and Shoulders Pattern video.
Read our Inverse Head and Shoulders post.
CANDLESTICKS PATTERNS COURSE – CUP AND HANDLE
24) CUP AND HANDLE PATTERNS
A cup and handle pattern looks like the name sounds, a cup with a handle. The cup has a U shape and the handle could vary between a slope or sideways shape. Cup and handle patterns are pretty common candlesticks patterns.
The cup is formed as a stock consolidates. The bottom of the cup becomes support. The handle is formed during a pullback. The handle is resistance.
This pattern is considered a bullish pattern. The video below shows you what several different cup and handle patterns look like on stock charts.
Watch our Cup and Handle Pattern video.
Read our Cup and Handle Pattern post.
25) V BOTTOM PATTERNS
A v bottom pattern has similarities to the cup and handle pattern but it’s shaped more like a V rather than a U. V bottom patterns are reversal patterns. Candlesticks patterns like this one form when price falls drastically, hits support, then shoots up dramatically.
For this pattern to be competed it must break resistance. Resistance is the top of each candlestick at the beginning and end of the pattern formation.
The video below will show you several different examples of v bottom patterns and its similarities to the cup and handle pattern.
Watch our V Bottom pattern video.
Read our V Bottom pattern post.
26) INVERTED CUP AND HANDLE PATTERNS
An inverted cup and handle pattern is the inverse of its counterpart the cup and handle pattern. In essence, flip the cup and handle upside down. This is considered a bearish pattern. Inverted cup and handle patterns can take a few months to form.
The top of the cup becomes a key resistance level that can’t be broken. Price falls and forms a key support level. The handle is made on a correction. The correction doesn’t hold and then price falls back down.
Watch our video below to see several examples on stock charts.
Watch our Inverted Cup and Handle pattern video.
Read our Inverted Cup and Handle pattern post.
27) DOUBLE TOP PATTERNS
A double top pattern consists of two peaks that can’t break above a critical resistance level. This is considered a bearish pattern. Double top patterns signal a long term reversal. The first peak forms at the top of an uptrend. Its the highest point.
It consolidates and tries to head back up again. Buyers are coming back in trying to break resistance as a result. When that doesn’t happen, price reverses and the trend ends.
The video below will show you several different double top patterns.
Watch our Double Top pattern video.
Read our Double Top pattern post.
28) DOUBLE BOTTOM PATTERNS
A double bottom pattern consists of two bottoms that can’t break below a critical support level. This is considered a bullish pattern. Double bottom patterns are shaped like a W. Price is driven down making a new low in a bearish trend. It corrects for a time moving price up a little.
Sellers come back in trying to drive price down again. As a result, when it can’t break support, price goes back up and a new trend begins.
The video below will show you several different double bottom patterns.
Watch our Double Bottom Pattern video.
Read our Double Bottom Pattern post.
29) TRIPLE TOP PATTERNS
A triple top pattern consists of three peaks that can’t break above critical resistance levels. This is considered a bearish pattern. Triple top patterns are one of the many reversal candlesticks patterns. While in an uptrend price is driven up 3 times.
It hits a very strong resistance level that it’s unable to break. After the third time of the bulls trying to drive price through resistance as a result they give way to the bears and a new trend.
The video below will show you several different triple top patterns.
Watch our Triple Top Pattern video.
Read our Triple Top Pattern post.
30) TRIPLE BOTTOMS PATTERNS
A triple bottom pattern consists of three bottoms that can’t break below critical support levels. This is considered a bullish pattern. Triple bottom patterns can only form as a result of a strong bearish trend that is in place.
Sellers try to force price through support on three separate occasions. The failure to do so makes way for buyers to reverse the trend.
The video below will show you several different triple bottom patterns.
Watch our Triple Bottom Pattern video.
Read our Triple Bottom Pattern post.
HOW TO TRADE CANDLESTICKS PATTERN SETUPS
We have a step by step tutorial video on where to enter the trade and place your stop loss for all of the candlesticks patterns in this course under our “members only videos” section. If you’d like to know how to trade all of the candlesticks patterns in this course then make sure to Subscribe Here! This private video is exclusive to paid “Deluxe Yearly” members only under our “members only videos” page.
We hope that you enjoyed our 1st candlesticks patterns course. Next, make sure to take our advanced candlestick course which teaches how to trade candlestick reversal patterns. Take our Candlestick Charting course!
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