Understanding Candlestick Patterns
Candlestick patterns are the foundation of technical analysis. Each pattern tells a story about the battle between buyers and sellers. Learning to read these patterns is essential for successful trading.
Patterns Detected by Chartonix AI
Single Candle Patterns
- Doji — Indecision in the market, potential reversal signal
- Hammer — Bullish reversal at support levels
- Shooting Star — Bearish reversal at resistance levels
- Marubozu — Strong momentum in one direction
Multi-Candle Patterns
- Engulfing (Bullish/Bearish) — Strong reversal signals
- Morning Star / Evening Star — Three-candle reversal patterns
- Three White Soldiers / Three Black Crows — Trend continuation
Chart Patterns
- W Pattern (Double Bottom) — Bullish reversal
- M Pattern (Double Top) — Bearish reversal
- Head and Shoulders — Trend reversal
- Triangle Patterns — Breakout signals
How AI Detects These Patterns
Chartonix AI uses computer vision and deep learning to scan uploaded charts. The AI has been trained on millions of chart images to recognize patterns with high accuracy. Unlike human analysis, AI doesn't suffer from emotional bias or fatigue.
Try AI Pattern Detection Now
Upload your chart at chartonixai.com and see AI pattern detection in action. 3 free analyses — no credit card needed.