Japanese Candlesticks

The Japanese candlestick was invented in 18th century Japan. It was invented by a rice trader named Tsugio Furusawa, who used it to track the price of rice. He created a pointed stick that had four sides and one end, like an hourglass shape. One end of this stick would be open and another closed—like an hourglass—representing low prices or high prices respectively.

Japanese candlesticks are an interesting way of tracking price movement, but they aren’t perfect.

Engulfing

Bullish Engulfing

Candlestick	Example

Bias: Bullish

Bearish Engulfing

Candlestick	Example

Bias: Bearish

Spinning Tops

Bias: Neutral

Marubozu

Bullish Marubozu

Bias: Bullish

Bearish Marubozu

Bias: Bearish

Doji

Long-Legged Doji

Bias: Neutral

Gravestone Doji

Bias: Neutral

Dragonfly Doji

Bias: Neutral

Four-Price Doji

Bias: Neutral

Hammer

Candlestick	Example

Bias: Bullish

Inverted Hammer

Candlestick	Example

Bias: Bullish

Three White Soldiers

Candlestick	Example

Bias: Bullish

Three Black Crows

Candlestick	Example

Bias: Bearish

Hanging Man

Candlestick	Example

Bias: Bearish

Shooting Star

Candlestick	Example

Bias: Bearish

Harami

Bullish Harami

Candlestick	Example

Bias: Bullish

Bearish Harami

Candlestick	Example

Bias: Bearish

Bullish Harami Cross

Candlestick	Example

Bias: Bullish

Bearish Harami Cross

Candlestick	Example

Bias: Bearish

Tweezer

Tweezer Bottom

Candlestick	Example

Bias: Bullish

Tweezer Top

Candlestick	Example

Bias: Bearish

Click here for the Quiz – Test Your Knowledge!