1. Doji Star
The Doji Star is a candlestick pattern that appears as a small cross or plus sign. It indicates indecision in the market and often signals a reversal or a pause in the current trend. However, it does not necessarily mean that the market will definitely go down.
2. Evening Doji Star
The Evening Doji Star is a bearish reversal pattern that consists of three candles: a large bullish candle, a small Doji, and a bearish candle. It suggests that the market is losing momentum and a potential downtrend may follow.
3. Shooting Star
The Shooting Star is a single candlestick pattern that has a long upper shadow and a small real body. It indicates a failed attempt by the bulls to push the market higher, and often predicts a downward reversal.
4. Bearish Harami
A Bearish Harami is a two-candle pattern where the first candle is bullish and the second candle is smaller and bearish. It suggests a potential reversal from an uptrend to a downtrend, as the bears start to gain control.
5. Evening Star
The Evening Star is a three-candle pattern that signals a potential trend reversal. It consists of a large bullish candle, a small-bodied candle with an upward or downward gap, and a bearish candle that closes below the midpoint of the first candle.
6. Hanging Man
The Hanging Man is a bearish reversal pattern that resembles a hammer turned upside down. It has a small real body and a long lower shadow. It suggests that the bulls are losing their grip and a potential reversal may occur.
7. Three Black Crows
Three Black Crows is a bearish pattern consisting of three consecutive long bearish candles. It indicates a strong selling pressure and is often seen as a signal for a downward trend.
8. Bearish Engulfing
The Bearish Engulfing pattern occurs when a small bullish candle is followed by a larger bearish candle that engulfs the previous candle. It suggests a potential reversal from an uptrend to a downtrend.
9. Dark Cloud Cover
The Dark Cloud Cover is a bearish reversal pattern that occurs when a bullish candle is followed by a bearish candle that opens above the previous candle's high and closes below its midpoint. It suggests a potential downtrend reversal.
10. Rising Wedge
A Rising Wedge is a bearish continuation pattern that can indicate a potential downward move. It is formed by drawing two trendlines that converge in an upward direction, with the price making higher highs and higher lows within the wedge.
11. Shooting Star at Resistance
When a Shooting Star candlestick pattern forms at a significant resistance level, it suggests a higher probability of a potential downtrend. Traders often interpret this as a sign that selling pressure may overcome buying pressure, leading to a market decline.
12. Bearish Flag
A Bearish Flag pattern is a continuation pattern that occurs after a significant downward move. It consists of a pole, which represents the initial sharp decline, followed by a flag, which is a consolidation period before another potential downward move.
13. Bearish Pennant
A Bearish Pennant is similar to a Bearish Flag and is also a continuation pattern that occurs after a significant downward move. It is characterized by a small symmetrical triangle, followed by a potential downward move.
14. Double Top
A Double Top pattern is a bearish reversal pattern that occurs at the end of an uptrend. It is characterized by two peaks of similar height, separated by a trough. The pattern suggests that the bullish momentum is weakening and a potential downtrend may follow.
15. Triple Top
A Triple Top pattern is similar to a Double Top, but with three peaks instead of two. It indicates even stronger resistance and suggests a higher probability of a potential downward move.
16. Head and Shoulders
The Head and Shoulders pattern is a bearish reversal pattern that consists of a higher peak (the head) between two lower peaks (the shoulders). It suggests that the market is losing its upward momentum and a potential downtrend may occur.
17. Falling Wedge
A Falling Wedge is a bullish continuation pattern, but when it breaks downward, it can indicate a potential downtrend. It is formed by drawing two converging trendlines in a downward direction, with the price making lower highs and lower lows within the wedge.
18. Bearish Divergence
Bearish Divergence occurs when the price makes higher highs, but the corresponding indicators, such as the Relative Strength Index (RSI), make lower highs. It suggests weakening bullish momentum and a potential trend reversal.
19. Head and Shoulders Top at Resistance
A Head and Shoulders Top pattern forming at a significant resistance level increases the probability of a potential downtrend. This pattern often indicates that the bulls are losing control and the bears may take charge, leading to a downward move.
20. Bearish Breakaway
A Bearish Breakaway pattern occurs when a series of bullish candles is followed by a bearish candle that gaps below the previous candle's low. It suggests a potential reversal from an uptrend to a downtrend.
Remember, while these candlestick patterns often suggest a potential downward move, it is important to consider other technical indicators and market conditions before making trading decisions.