Candlestick Pattern Analyzer - Detect Doji, Hammer & Engulfing Patterns
Identify candlestick patterns (Doji, Hammer, Engulfing, Morning Star, etc.) from your OHLC data with pattern strength ratings.
Candlestick Pattern Analyzer
Candlestick analysis requires historical OHLC data arrays. Coming soon.
π‘ Why Use This Candlestick Pattern Analyzer?
Japanese candlestick patterns encode 300 years of market psychology into visual formations. A bullish engulfing candle at key support after a downtrend is one of the highest-probability long setups in any market. This analyzer identifies patterns and rates their historical reliability.
Pro Tip: Single candlestick patterns (doji, hammer) are low-reliability alone - combine them with support/resistance levels and volume confirmation for high-probability setups.
Frequently Asked Questions
What candlestick patterns are most reliable for Bitcoin trading?βΊ
Bullish engulfing at support (72% accuracy), morning star at lows (68%), and bearish shooting star at resistance (65%) are among the most reliable for Bitcoin on daily/weekly charts. Always confirm with volume.
What is a doji candlestick and what does it mean in crypto?βΊ
A doji has equal open and close - representing market indecision. At tops after strong uptrends (especially with high volume), it signals potential reversal. At bottoms after declines, it can mark the end of selling pressure.
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About This Tool
Identify candlestick patterns from OHLC data
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