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Candlestick Stock Screener
Candlestick Cheat Sheet
Candlestick patterns are powerful chart patterns for finding trade setups. This candlestick stock screener allows a trader to find some of the most popular candlestick patterns that swing traders use.
Simply click on any candlestick pattern scanner below and start scanning for bullish or bearish candlestick patterns.
For best result, you should combine candlestick patterns with other technical indicators such as volume. To start using our candlestick screener, just click on any of the candlestick pattern below and you will get the result instantly.
Candlestick Pattern Scanner
The candlestick pattern scanner updates every trading day after market close. Traders can find both bullish and bearish trade setups with the following candlestick scanners.
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There are mainly two categories of candlestick patterns, continuation and reversal patterns. Continuation candlestick patterns gives signals for traders
to ride an existing trend whereas reversal patterns allows a traders to get on or get out of a trade before the stock takes off on a new trend.
If you are new to trading or candlestick patterns, read How to Read a Candlestick Chart.
Following are the major candlestick patterns that are useful in finding trade setups.
Doji - a doji is a powerful reversal candlestick pattern that you will see on a candlestick chart. When a doji occurs on an uptrend, a trader should take cautious.
Bullish Engulfing - it is a bullish reversal pattern. It occurs on a downtrend and when this pattern occurs, it is time to add the stock to your watchlist.
Bearish Engulfing - a bearish reversal pattern and occurs on an uptrend. When you see this pattern on an uptrend, it is time to be cautious.
Bullish Harami - another bullish reversal pattern that occurs on a downtrend. It signals that a stock trend may be at the bottom and the trend is about to be reversed.
Bearish Harami - a bearish reversal pattern that occurs on an uptrend. It is a pattern used by short traders to find entries for shorting a stock.
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Hammer - is a pattern that occurs on a downtrend and it signals an uptrend is coming. It requires confirmation on the next day where the stock should be up on the second day after this pattern occurs on a chart.
Inverted Hammer - is a bullish reversal pattern that occurs on a downtrend.
Shooting Star - is a bearish reversal pattern that occurs on an uptrend. When this pattern occurs on a stock chart, trade with a long position must be cautious.
Hanging Man - another bearish reversal pattern that occurs on the peak of an uptrend.
Dark Cloud Cover - is a continuation pattern that occurs on an uptrend.
All the reversal patterns require a confirmation day whereas the second day after the pattern occurs must confirm the new trend.
Of course just like any other technical indicators or chart patterns, candlestick patterns is a signal, but it won't be 100% accurate.
Therefore, traders need to use stop loss to protect themselves when a pattern fails to deliver.
To learn more about candlestick patterns and how to use the candlestick screener, check out the candlestick trading strategy and read
the top 10 candlestick patterns to learn how to use candlestick patterns for profitable trading.
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