The most reliable Japanese Candlestick chart patterns — three bullish and five bearish patterns — are rated as STRONG. Strong candlestick patterns are at least 3 times as likely to resolve in the indicated direction (greater than or equal to 75% probability).
There are more candlestick patterns on the pages below:
- Bullish and Bearish Reversal Patterns, where an up-trend or down-trend is expected to reverse direction;
- Bullish and Bearish Continuation Patterns, where the trend is likely to continue in its original direction; and
- Consolidations, where future trend direction remains uncertain.
Bullish Candlestick Patterns
Three White Soldiers
Strong bullish reversal in a downtrend
Three rising tall white candles, with partial overlap and each close near the high.
Deliberation
Strong bullish continuation in an uptrend
Two rising tall white candles, with partial overlap and each close near the high, followed by a small white candle that opens near the preceding close.
Morning Star
Strong bullish reversal in a downtrend
Tall black candle followed by a lower small candle, either white or filled, with a gap between the two bodies. Then a gap up leads to a third, tall white candle that closes above mid-point on the body of the first candle.
Bearish Candlestick Patterns
Three Black Crows
Strong bearish reversal in an uptrend
Three falling tall black candles, with partial overlap (between the candlestick bodies) and each close near the low.
Identical Three Crows
Strong bearish reversal in an uptrend
Three identical falling black candles with no overlap (between the bodies) and each close near the low.
Evening Star
Strong bearish reversal in an uptrend
Tall white candle followed by a higher small candle, either filled or unfilled, with a gap between the two bodies. Then a gap down leads to a third, tall black candle that closes below mid-point on the body of the first candle.
Concealing Baby Swallow
Strong bearish continuation in a downtrend
This rare pattern consists four black candles. Two consecutive tall black candles with no shadows gap down to a third tall black candle with a tall upper shadow (that overlaps the preceding body) and no lower shadow. This is followed by a fourth black candle which completely engulfs the previous candle (including the shadow).
Three Line Strike
Strong bearish reversal in an uptrend
Three rising white candles, with higher closes, followed by a tall black candle that opens above (or equal to) the preceding close and closes below the bodies of the preceding three candles.
