> For the complete documentation index, see [llms.txt](https://docs.bigbeluga.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bigbeluga.com/main-toolkits/market-waves-pro-tm/candlestick-patterns.md).

# Candlestick Patterns

This indicator improves traditional candlestick pattern detection by incorporating market mean-reversion phases and volume analysis, providing higher accuracy and reliability in trading signals. 

## **Bearish** candlestick patterns

<details>

<summary>Hanging Man (HM)</summary>

A bearish reversal pattern occurring after an uptrend, signaling potential selling pressure. The pattern is validated by mean-reversion zones to confirm trend exhaustion.

<figure><img src="/files/0wRhU4nszmvl2qiHjpTk" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Shooting Star (S)</summary>

A potential bearish reversal pattern where the price closes near its low after a long upper shadow. It is filtered to appear only in relevant reversion phases.

<figure><img src="/files/VX4vAQ3a1LOhVJlJ6jI7" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Bearish Engulfing (EG)</summary>

A strong bearish signal when a larger down candle completely engulfs the prior up candle. Market phase analysis ensures it appears in high-probability scenarios.

<figure><img src="/files/zmNtft0EiyiAOZCfOBEJ" alt=""><figcaption></figcaption></figure>

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<details>

<summary>Falling 3 (F3)</summary>

A bearish continuation pattern that indicates downward momentum after a period of consolidation. It is displayed only in relevant market contexts.

</details>

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<summary>Three Black Crows (3BC)</summary>

Three consecutive bearish candles signaling sustained bearish momentum. The pattern is validated by mean-reversion data.

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<summary>Evening Star (E)</summary>

A bearish reversal pattern marking a shift in trend, confirmed through market phase filtering to enhance accuracy.

<figure><img src="/files/nv7gFRdYzfvqZxy7uZSM" alt=""><figcaption></figcaption></figure>

</details>

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<summary>Bearish Harami (H)</summary>

A weaker bearish reversal pattern appearing during retracement phases, validated by trend exhaustion signals.

<figure><img src="/files/0vl4TZ037HXJcdl9iDX4" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Tweezer Top (TT)</summary>

A pattern indicating rejection of higher prices, appearing in phase-analyzed conditions to confirm exhaustion.

<figure><img src="/files/VIMGs1ulYFZEZkTaKkB5" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Bearish Doji</summary>

A Bearish Doji forms after an extended uptrend and suggests that **buying momentum is weakening**.&#x20;

<figure><img src="/files/x73MM3iAYFpyNGdqFp98" alt=""><figcaption></figcaption></figure>

</details>

##

## **Bullish candlestick patterns**

<details>

<summary>Hammer (H)</summary>

A bullish reversal pattern occurring after a downtrend. The indicator filters this pattern to show only in validated reversion phases.

<figure><img src="/files/2fyfEMmkQ06SHt63ayhx" alt=""><figcaption></figcaption></figure>

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<details>

<summary>Inverted Hammer (IH)</summary>

A potential bullish reversal signal appearing after a downtrend. It is optimized by market phase analysis to increase reliability.

<figure><img src="/files/7G1IuGuF3aeJAgapzC2z" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Bullish Engulfing (EG)</summary>

A strong bullish signal where a larger up candle engulfs the prior down candle. Only shown when validated by reversion zones.

<figure><img src="/files/8Y58ZZ0sgrSjO9wP9Yiy" alt=""><figcaption></figcaption></figure>

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<summary>Rising 3 (R3)</summary>

A bullish continuation pattern that signals upward momentum after a pause. It is filtered to ensure relevance to market phases.

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<summary>Three White Soldiers (3WS)</summary>

Three consecutive bullish candles signaling strong upward momentum. The indicator validates this pattern in mean-reversion phases.

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<summary>Morning Star (M)</summary>

A bullish reversal pattern indicating a shift in trend, confirmed by phase-based market filtering.

<figure><img src="/files/LCB3RKXF00uBmdw9mEx1" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Bullish Harami (H)</summary>

A weaker bullish reversal signal appearing during retracement phases, optimized to reduce false positives.

<figure><img src="/files/dwOkSytY75ZlSDcycW9f" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Tweezer Bottom (TB)</summary>

A pattern signaling rejection of lower prices, validated by market exhaustion analysis to confirm a reversal.

<figure><img src="/files/IkjD8FDMbr5uapy2YMzR" alt=""><figcaption></figcaption></figure>

</details>

<details>

<summary>Bullish Doji</summary>

A Bullish Doji appears after a downtrend and reflects market indecision as sellers begin to lose strength.&#x20;

<div align="left"><figure><img src="/files/6UQqU1gMOJm8fXurbymM" alt=""><figcaption></figcaption></figure></div>

The candle has a small body with long wicks, indicating that although price moved during the session, it closed near its open.&#x20;

This pause often signals a potential **shift in sentiment**. When confirmed by a strong bullish candle (like a bullish engulfing or hammer), it can mark the **beginning of a reversal to the upside**.

</details>

##

## Volume Data

The displayed volume corresponds to the total volume of all bars contributing to the formation of the pattern:

<figure><img src="/files/PeeoyKmCWb4MffulIqE0" alt=""><figcaption></figcaption></figure>

Volume data provides insights into the strength and reliability of each pattern.&#x20;

##

## Settings

<div align="left" data-with-frame="true"><figure><img src="/files/J1XJFizlmGaqohcEAYKo" alt=""><figcaption></figcaption></figure></div>

| Settings        | Description                                                                                                                                                                                                          |
| --------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Toggle          | display patterns toggle                                                                                                                                                                                              |
| Pattern options | <p>All (to show every supported pattern).<br><br>Hammer, Engulfing, Rising 3, Three White Soldiers, Star (Morning/Evening/Shooting), Harami, Tweezer Top/Bottom, Doji, Hanging Man, Falling 3, Three Black Crows</p> |