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Types of Candlesticks

Bearish Engulfing Candlestick
Bearish Engulfing Candlestick

A bearish engulfing pattern is a chart pattern that consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs" the small white one.

Bullish Engulfing Candlestick
Bullish Engulfing Candlestick

What is a 'Bullish Engulfing Pattern' A bullish engulfing pattern is a chart pattern that forms when a small black candlestick is followed by a large white candlestick that completely eclipses or "engulfs" the previous day's candlestick.

Doji Candlestick
Doji Candlestick

DEFINITION of 'Doji' Doji candlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured in a number of important patterns. A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts.

Hammer Reversal Candlestick
Hammer Reversal Candlestick

The hammer and inverted hammer were covered in the article Introduction to Candlesticks. This article will focus on the other six patterns. For a complete list of bullish (and bearish) reversal patterns, see Greg Morris' book, Candlestick Charting Explained.