How Many Candlestick Patterns Are There? (The Complete List)

Last Updated on August 26, 2021 by Oddmund Groette

How many candlestick patterns are there? There is most likely an unlimited number of formations, where the minority has been labeled or given a name.

Our research indicates there are at least 64 candlestick patterns that have a formal name, see our compiled list below.

Why are candlesticks popular? Why use candlesticks?

Candlesticks are popular, despite the fact that more or less all of them leave room for personal interpretation. On the other hand, that’s perhaps precisely why candlesticks are popular?

It’s impossible to falsify a theory when you can use arguments that are hard to quantify. When there is no definite answer, you can always use anecdotal evidence to argue your case.

However, the most obvious reason why candlesticks are used is their visual appearance:

Candlesticks explained.

As soon as you get used to it, which might take some time, you get a much better and clearer look at the price action. We have been using candlesticks for decades, even though we don’t directly trade any signals based on these formations.

Why don’t we use candlesticks in our strategies?

First, some candlestick formations are hard to quantify. Second, we indirectly use some of the formations in the strategies. For example, the popular IBS indicator is quite similar to the Doji.

Third, we are in the process of writing code to more or less all the formations that we can manage to quantify. We will publish the result sometime during 2021.

However, in a preliminary test we did some months ago we got some surprisingly positive results in the 23 formations we tested:

The complete list of candlestick formations

We have managed to compile some 60+ candlestick formations. If you are interested in their interpretation please go to this link:

Here is our list:

  • One White Soldier
  • Bullish Hikkake
  • Doji
  • Three Outside Down
  • Thrusting Pattern
  • Concealing Baby
  • Three Outside up
  • Three Stars In The South
  • Tweezer Top
  • Bearish One Black Crow
  • Neck Line Candlestick
  • Tweezer Bottom
  • Stick Sandwich
  • Three Line Strike
  • Three Inside Up
  • Bearish Three Line Strike
  • Three Inside Down
  • Bearish Separating Lines
  • Bullish Ladder Bottom
  • Bullish Homing Pigeon
  • Upside Gap Two Crowes
  • Bullish Separating  Lines
  • Bearish Ladder Top
  • Bearish Meeting Lines
  • Bullish Meeting Lines
  • Bearish Mat Hold
  • Bullish Mat Hold
  • Bullish Tri-Star Doji
  • Bearish Tri-Star Doji
  • Advance Block
  • Bearish Belt Hold
  • Bullish Belt Hold
  • Three White Soldiers
  • Matching High
  • Three Black Crowes
  • Bearish Side By Side
  • Bullish Side By Side
  • Matching Low
  • Downside Tasuki Gap
  • Bearish Abandoned Baby
  • Rising Three Methods
  • Bullish Abandoned Baby
  • Upside Tasuki Gap
  • Dragonfly Doji
  • Morning Star
  • Spinning Top
  • Falling Three Methods
  • Evening Star
  • Neutral Doji
  • Four Price Doji
  • Long Legged Doji
  • Gravestone Doji
  • Bearish Harami
  • Shooting Star
  • Inverted Hammer
  • Bullish Harami
  • Bullish Piercing Line
  • Dark Cloud Cover
  • Hanging Man
  • Bearish Engulfing
  • Bearish Kicker
  • Bullish Engulfing
  • Hammer
  • Bullish Kicker

 

Disclosure: We are not financial advisors. Please do your own due diligence and investment research or consult a financial professional. All articles are our opinions – they are not suggestions to buy or sell any securities.