The Best 15 Single Candlestick Patterns PDF(Beginner Guide of 2023)

This article will describe “ the best 15 single candlestick patterns PDF” that will help traders know from basic to advanced levels.

These patterns are compelling to quickly understand the price changes in the share market.

Every trader should earn good knowledge of every single candlestick pattern. For this reason, the single candlestick patterns PDF give solid information for the traders.

If the traders would like to get a handsome profit from any shared marketplace, they have to analyze and study the information of single patterns that have been shown by candlestick pattern PDF.

I think that by reading a single candlestick patterns PDF, you will gain a good profit because all concepts are being given with a prime example by using clear pictures. 

In the single candlestick patterns PDF, I will cover the best 15 powerful single candlestick patterns with a practical picture.

 I hope you will feel better and will shortly be explained the importance of a single candlestick pattern. Finally will be a summary.

What are the single candlestick patterns?

Candlestick pattern PDF will give you a formative experience that will help you to generate good money. The description is relatively tone explicatory. A pattern generated by a single candle is nominated as a single candlestick pattern. Generally, traders use the 1- day candlestick map to identify a single candlestick patterns. This is one of the simplest forms of specialized analysis and takes a little time.

How Will Read The Single Candlestick Patterns PDF?

For reading the single candlestick patterns PDF, there is no special rule. But when you will read, you need to read more times every pattern with a real picture. Candlestick pattern PDF has given clear information from basic to advanced levels. I hope the candlestick pattern PDF will help very much you.

Why Will You Read the Single Candlestick Patterns PDF

The single candlestick patterns PDF has been organised with powerful patterns that are profitable if you know the techniques. Here, you will get more information for learning technical analysis.

The list of 15 single candlestick patterns PDF

1. Bullish Hammer 
2. Bearish Hammer
3. Piercing Line
4. Dragonfly Doji
5. Morning Star 
6. Evening Star 
7. Bullish Harami
8. White Marubozu
9. Black Marubozu 
10. Hanging Man
11. Shooting Star 
12. Bullish Engulfing
13. Bearish Engulfing
14. Tweezer Bottom
15. Tweezer Top

Bullish Hammer:

 Bullish hammer is a kind of popular single candlestick pattern in the share market of the world. This candlestick looks like a hammer which is made with a small body and a long shadow.

The shadow is double that of the main body. It forms with green colour.

The main fact is that its opening price starts from down where closing is upon.

  During forming the bullish hammer candle, its selling pressure is very high which is almost till low shadow but it goes upper and makes a small body with a green color. 

That means when you can see the hammer candlestick pattern in a downtrend, the candle indicates an upward trend if you see the next green candle. Above the information, the single candlestick patterns PDF has shown the image and below you can see it with a real picture.

Bearish Hammer:

 Bearish hammer also plays an important role in changing market prices. This candlestick looks like a bullish hammer which is made with a small body and a long shadow.

But its colour is red which is the opposite of a bullish hammer. Even the bearish candlestick pattern opens from where close is down. 

The main fact is that its opening price starts from down where closing is upon and always you can see the candle at the top level.

At the time of making the candle, its buying pressure is very high until it forms a low shadow. But then it moves down with a bearish candle or red candle.

 When you can see the candlestick pattern in a downtrend, the candle indicates a downward trend if you see the next bearish or red candle. Above the information, I have represented the single pic and below you can see it with a real picture.

Piercing Line:

The piercing line is made of two candles. The first candlestick should be a red candlestick with a large real body.

The second candlestick should be green in colour and open below of low  the previous candlestick and must close about the  middle of the real body of the  first candlestick which indicates that there is increasing demand by the bullish  

The bearish as well  as  bullish candlestick should have a large real body that found the end of the downtrend and forms near the support levels 

 It gives potential bullish reversal singles You can take a long trade above the high of the first candle. See above the image for an example.

Dragonfly Doji:

Dragonfly doji is a kind of bullish candlestick pattern that means when the market is falling, the candlestick pattern forms beside the support level or the lowest in the marketplace.

And when the market price crosses the high level of the candlestick, the market will go to an uptrend. 

Then you can buy trends as it will give an upward signal.

Now you should know how to make it. You can see a selling pressure at the time of opening price.

After the low level, the buyers are active in buying and where the market opens then in the same place the market closes. Thus the candlestick forms and indicates an upward price. 

Morning Star:

Here I am going to tell you about the Morning Star candlestick pattern that you can see most of the time in the marketplace. It is a kind of pattern which forms with three candlesticks pattern

We should know how it is made and how it works. The morning star candlestick forms with three candles.

The first one is bearish or red and the second one is greed which indicates a reversal single.

Lastly, you can see the last small candle between a red and green candle will be a doji candle with red or green colour. 

It is highly mentioned that if you see the second green candle, you can buy it obviously as the green candle provides uptrend signals. Showing a real example by single candlestick patterns PDF  

Evening Star:

The evening star is the opposite of the morning star. It also forms with three candles.

The beginning candle is made with a bullish candle and the second candle is reed or bearish.

Then a small doji candle is made in both green and red candle. That’s why the candle is called the morning star.

In this morning star, the red candle is closed below 50% of the green candle.

The morning star candle forms on the top of the level. If you can understand and recognize during trades, you can sell as it gives a downtrend signal. A live example has been shown below

Bullish Harami:

Bullish harami is a good and significant candlestick pattern. If you read it properly, I hope you will get positive feedback on the single candlestick pattern PDF.

This bullish harami forms with two candlesticks patterns which are bullish and bearish. Here will be discussed about bullish harami.

There is a clear downtrend. A bullish Hammer appears before the bullish harami and provides that first clue that the market is about to reverse.

The bullish candle is no more than 25% the length of the previous candle. The bullish candle opens and closes within the length of the previous candle.

The RSi indicates that the market is oversold.

This could mean that downtrend momentum is bottoming but traders should wait for the RSi to cross back over the 30 line for confirmation.

When the market goes down, you will wait for a bullish harami small green candle. Moreover, you have to see the economic news channel because the bullish pattern indicates a strong upward signal where you can strongly buy. So remember that news is also important. 

 White Marubozu:

I am going to focus on the shadow and body of this candle because this is a powerful candle.

It has a long body without a wick or shadow. Its opening price is low whereas closing is high so it is called the white marubozu candlestick pattern. 

When a Green Marubozu candle is formed, the stock opens at a certain level and goes up without falling.

In short, the green marubuzo candle indicates an uptrend but you can see it at the bottom level in the marketplace.

Black Marubozu:

Black Marubozu is completely the reverse of the white Marubozu candlestick pattern. Here I would like to share regarding the candle. 

It also has a long body without a wick or shadow. Its opening price is high but closing is low. For this reason, the candle is called black marubozu. 

When a G Marubozu candle is formed, the stock closes at a certain level and goes down without rising.

 The black marubuzo candle indicates a downtrend but in the uptrend of the market, you can see the candle which will help to make a selling decision. Given below with an example picture. 

Hanging Man:

The hanging man is a single candlestick pattern and it is the made end of  the up trend which witnesses further price movement 

It is a bearish reversal candle which singles the up trend to end. Indicates witness the price movement.

The pattern has a really small body which means opening and closing prices are very near.

The real body can be evergreen or red which does not play a significant role.

There is no upper shadow and the lower shadow is at least twice that of the real body.

The long lower shadow candlestick pattern indicates sellers pushing prices down in the market. 

Traders are interested in taking a short position at the opening price of the next bearish candlestick

The stop loss can be placed above the high of the candlestick pattern. An example has been given with a real picture 

Shooting Star: 

Shooting Star is a bearish candlestick pattern. it is a long upper shadow with no lower shadow present in this candle and it forms with a small real body.

For a candlestick to be considered a shooting star it must appear to be a price advance or an up trend.

The long upper shadow represents the buyers trying to push prices  higher there was large selling pressure and bearish we gained control        

The candle that forms after the shooting star is what conforms to the shooting star candle

The next candle must take  below the high shooting star and then proceed the close lower 

You can take a short entry below the low of the shooting star 

Take stop loss above the high of the shooting star candle.

Bullish Engulfing:

Bullish candle is a single candlestick pattern. It consists of two candles. The first one is a red bearish candlestick pattern and the second one is the large green body candlestick which covers the previous red candle 

The second strong bullish candle is called the bullish engulfing candlestick pattern.

A bullish engulfing candlestick pattern usually appears at the end of the downtrend.

It is a reliable single that could indicate world market prices
.When you can see a new bullish candle after the bullish engulfing candlestick pattern, you must take a strong buy. But do not forget to give stop loss below the new candlestick pattern.

Bearish Engulfing:

 The bearish candlestick pattern is the reverse of the bullish candlestick pattern. 

A bearish candle is a single candlestick pattern. It consists of two candles. The first one is a red bullish  candlestick pattern and the second one is the large red body candlestick which covers the previous bullish candle 

The second strong bearish candle is called the bearish engulfing candlestick pattern.

Bearish engulfing candlestick pattern usually appears at an upward trend.

It is a reliable single that could indicate downward market pricing prices. 

.When you can see a new bearish candle after the bearish engulfing candlestick pattern, you can take selling prices. But do not forget to give stop loss above the new candlestick pattern.

Tweezer Bottom: 

The Tweezer Bottom candlestick pattern consists of two patterns which are formed at the end of the downtrend.

The first one is bearish and the second candlestick pattern is bullish candlestick where Both candlesticks make almost the same low.

 The first bearish form looks like the continuation of the ongoing downtrend. But The next candle is bullish. The low indicates the support level. 

The two candles are the same low and indicate strength in the support and also signal the trend which makes prices reverse up trend. For this reason, the tweezer candlestick pattern provides for an upward trend.

  traders can look to buy above the high of the pattern  and place the stop loss below the support level form

Tweezer Top:

The Tweezer top candle consists of two patterns. The beginning is made by bullish, whereas the second is a bearish candlestick pattern.

Both candlestick patterns are formed at nearly the same height. At first, a bullish candlestick is formed that looks like the continuation of the ongoing up trend.

 The next is a bearish candle, the high of which indicates a resistance level, the pattern indicates that both seem to raise the prices upward but they are not willing to buy at higher prices. 

The two candlesticks indicate the strength of the resistance and also signal that the trend may get reversed to form a downtrend.

It is a bearish candlestick pattern made at the end of the up trend. 

Conclusion:

In this single candlestick patterns pdf, you will find the best patterns that will be helpful for your trading. I hope if you can learn these single patterns, your trading strategies will progress.