Different Types of Candlesticks

Different types of Candlesticks according to their real body, open and close

1. Doji – a Doji candle has no real body or very thin real body. Price open and price close are almost the same or very little difference between them. The color of the body does not matter. Three types of Doji have shown in the below picture.

Different types of Doji candle

Doji– Long upper and lower wick with a very thin or absent real body.
Dragonfly Doji- Long lower wick with almost missing upper wick and a thin real body.
Gravestone Doji- Long upper wick with almost missing lower wick and thin body.

2. Marubozu – A candlestick with no upper shadow(wick) & lower shadow or almost negligible upper & lower shadow is named as ‘Marubozu’. The body of the candle looks healthy.

A green(or white) color Marubozu is known as Bullish Marubozu while a red(or black) color Marobozu is known as Bearish Marubozu.

Bullish & Bearish Marubozu

3. Hammer - A candlestick with a long lower wick and a small real body. The upper wick may be missing or very small. This type of candlestick is named as ‘Hammer’.

4. Inverted Hammer - A candlestick with a long upper wick and a small real body. The lower wick may be missing or very small. This type of candlestick is named as ‘Inverted Hammer’.

Hammer Candlestick

In the below picture different types of single candlestick patterns have shown in which some of them are already discussed above and others will be covered in the chart pattern discussion chapter.

Different types and shape of Candles

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Single Candlestick Patterns