The Master
Candlestick Handbook
Decode the hidden narrative behind every price move. The definitive guide for the institutional trader.
INSTITUTIONAL CORE V2.4
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highbullish60%
Hammer
Small body with long lower wick. Indicates seller capitulation.
PRO:
Look for climatic volume on the wick.
highbearish59%
Shooting Star
Opposite of hammer at resistance. Buyer trap.
PRO:
Trade only after an extended rally.
mediumneutralN/A (context-dependent)
Doji
Open and close identical. Total balance or indecision.
PRO:
Ignore in ranges, heed at extremes.
highbullish63%
Bullish Engulfing
Current candle completely engulfs the previous body.
PRO:
Stronger after an aggressive sell-off.
highbearish63%
Bearish Engulfing
Bearish body that consumes the previous bullish candle.
PRO:
Confirmation of institutional bias shift.
highbullish78%
Morning Star
3-candle sequence: bearish, small, explosive bullish.
PRO:
The middle wick usually sweeps liquidity.
highbearish72%
Evening Star
3-candle sequence: bullish, small, destructive bearish.
PRO:
Indicates supply has overwhelmed demand.
mediumbearish59%
Hanging Man
Hammer at the top of a rally. Sign of exhaustion.
PRO:
Requires bearish confirmation on the next candle.
mediumbullish55%
Inverted Hammer
Long wick on top at a floor. Induction of selling.
PRO:
Often precedes a short squeeze.
mediumbullish64%
Piercing Line
Bullish candle closing above 50% of the previous bearish one.
PRO:
Shows absorption of sell orders.
mediumbearish66%
Dark Cloud Cover
Bearish candle eating more than 50% of the previous bullish one.
PRO:
Strong resistance has formed.
highbullish57%
Dragonfly Doji
No body, only lower wick. Total rejection.
PRO:
Powerful institutional floor signal.
highbearish57%
Gravestone Doji
No body, only upper wick. Massive ceiling.
PRO:
Top liquidity has been captured.
mediumbullish
Harami (Bullish)
Small candle within the range of the previous one.
PRO:
Indicates volatility contraction before expansion.
—
mediumbearish
Harami (Bearish)
Small bearish candle contained in the previous bullish one.
PRO:
Pause in the bullish trend. Alert.
—
highbullish82%
Three White Soldiers
Three strong bullish candles in a row. Pure momentum.
PRO:
Enter on the retest of the first soldier if possible.
highbearish78%
Three Black Crows
Three aggressive bearish candles. Panic or liquidation.
PRO:
Avoid 'buying the dip' during this pattern.
lowneutralN/A (indecision candle)
Spinning Top
Small body, symmetrical wicks. Indecision.
PRO:
Moment of break or lateralization.
mediumbullish56%
Tweezer Bottom
Two or more candles sharing the exact same low.
PRO:
Indicates unbreakable technical support.
mediumbearish56%
Tweezer Top
Two or more candles with the same high. Double top.
PRO:
Large-scale resistance zone.
mediumbullish
Belt Hold (Bull)
Bullish candle opening at its low and closing high.
PRO:
Sudden bullish strength.
—
mediumbearish
Belt Hold (Bear)
Bearish candle opening at its high and closing low.
PRO:
Sudden bearish strength.
—
highneutral
Window (Gap)
A gap between two candles. Acts as support/resistance.
PRO:
Gaps often get filled.
—
mediumbullish
Tasuki Gap Up
Bullish gap followed by a bearish candle that doesn't close the gap.
PRO:
Bullish continuation.
—
mediumbearish
Tasuki Gap Down
Bearish gap followed by a bullish candle that doesn't close the gap.
PRO:
Bearish continuation.
—
mediumbullish
Gap Up Side-by-Side White Lines
Two identical bullish candles after a bullish gap.
PRO:
Strong bullish continuation.
—
mediumbearish
Gap Down Side-by-Side White Lines
Two identical bullish candles after a bearish gap.
PRO:
Bullish reversal.
—
highbearish67%
Bearish Marubozu
Solid red body with no wicks. Absolute bearish conviction.
PRO:
Indicates no one wanted to buy during the session.
02
Price Action Psychology
Body: Conviction
The body represents the net victory of one side.
Wick: Liquidity
Wicks are footprints of failed euphoria or fear.
06
Volume Confirmation
VSA Anomalies
High Volume + Small Candle = Institutional Absorption.