Bearish Candlestick Patterns Cheat Sheet (DRAFT) by meghana282828

--> An Inverted Hammer candle­stick pattern typically has a small body and a long upper wick/s­hadow. The upper wick/s­hadow is generally 2-3 times of the body. They're also called Shooting Star when found at the top.

--> They are considered as a potential bearish reversal sign when found at the top of an up-trend.

--> Bearish Piercing is a two candle­stick pattern where the first candle is a normal bullish candle and the second candle is a bearish candle.

--> In ideal situat­ions, the second candle opens with a gap-up however, it can also open at the same level as the close of the bullish candle.

--> Most import­antly, the bearish should close below the median of the bullish candle.

--> Bearish Engulf is a two candle­stick pattern where the first candle is a normal bullish candle and the second candle is a bearish candle.

--> In Ideal situations the second candle opens with a gap-up, however, it can also open at the same level as the close of the bullish candle and it should close below the open of the first bullish candle thereby, engulfing it.

--> Evening Star is a 3 candle­-stick pattern where the first candle is a normal bullish candle.

--> The second candle, typically, is a neutral candle­-stick pattern that opens with a gap-up whose high will mostly be higher as compared to the high of the first bullish candle (color of the neutral candle doesn't matter).

--> The third candle is a bearish candle which opens with a gap-down and closes below the median of the first bullish candle.