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Candlestick patterns cheat sheet — a 10-pattern quick reference card for Indian traders. Save and print.
Published by The Retail Trader · AUG 03, 2026 · Features
Candlestick patterns cheat sheet — a 10-pattern quick reference card for Indian traders. Save and print.
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Keep these five points in mind:
• Where: Downtrend end
• Signal: Bullish reversal
• Body: Small, near top
• Lower wick: 2x+ body
• Confirmation: Next candle green
Keep these five points in mind:
• Where: Downtrend end
• Signal: Strong bullish reversal
• Day 1: Big red candle
• Day 2: Small body (doji)
• Day 3: Big green candle
Keep these four points in mind:
• Where: Downtrend end
• Signal: Bullish reversal
• First: Small red candle
• Second: Big green candle (engulfs first)
Keep these four points in mind:
• Where: Downtrend end
• Signal: Bullish reversal
• Day 1: Big red candle
• Day 2: Gap down open, close above midpoint
Keep these three points in mind:
• Where: Uptrend or after reversal
• Signal: Strong bullish continuation
• 3 consecutive green candles, each closing higher
Keep these three points in mind:
• Where: Uptrend end
• Signal: Strong bearish reversal
• Opposite of Morning Star
Keep these three points in mind:
• Where: Uptrend end
• Signal: Bearish reversal
• Opposite of Bullish Engulfing
Keep these three points in mind:
• Where: Uptrend end
• Signal: Strong bearish continuation
• 3 consecutive red candles, each closing lower
Keep these three points in mind:
• Where: Uptrend end
• Signal: Bearish reversal
• Opposite of Piercing Line
Keep these three points in mind:
• Signal: Indecision, potential reversal
• Open = Close
• Wait for next candle for confirmation
Keep these three points in mind:
• Signal: Indecision
• Small body, long wicks both sides
• Market confused
Keep these points in mind:
• 📌 SAVE THIS CHEAT SHEET
• BULLISH (BUY signals):
• 🔨 Hammer — Downtrend end, small body + long lower wick
• ⭐ Morning Star — 3-candle reversal (red, doji, green)
• 🟢 Bullish Engulfing — Green candle engulfs previous red
• 🔼 Piercing Line — Gap down, close above midpoint
• 🚀 Three White Soldiers — 3 consecutive green candles
• BEARISH (SELL signals):
• ⭐ Evening Star — 3-candle reversal (green, doji, red)
• 🔴 Bearish Engulfing — Red candle engulfs previous green
• 🐦 Three Black Crows — 3 consecutive red candles
• ☁️ Dark Cloud Cover — Gap up, close below midpoint
• INDECISION (WAIT):
• ✚ Doji — Open = Close, market confused
• 🔄 Spinning Top — Small body, long wicks
• COMBINATION (STRONGEST):
• 🔥 Hammer + RSI oversold = Strong BUY
• 🔥 Morning Star + Support level = Strong BUY
• 🔥 Evening Star + RSI overbought = Strong SELL
• 🔥 Bullish Engulfing + Volume spike = Very strong BUY
• RULES:
• ✅ Always wait for confirmation
• ✅ Combine with RSI/Support/Volume
• ✅ Higher timeframe = more reliable
• ✅ Daily chart > Intraday chart
Keep these four points in mind:
• Candlestick Patterns Full Guide
• What Is the RSI Indicator?
• Support/Resistance Guide
• Volume Analysis Guide
The Retail Trader — educational market analysis. Not investment advice.
This article is for educational purposes only — it is not a buy or sell recommendation, it makes no claim of guaranteed returns, and it is not advisory. Rules, rates and mechanics of the exchanges, SEBI and RBI change from time to time, so verify every number yourself with your broker or an official source.