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Bearish Candlestick Patterns
Single day bearish patterns
For the most part, daily candlestick reversal patterns are quite subjective with the exception of the "long-legged shadows' Doji" and the "hangman and hammer" which are more commonly used and provide more significance to the trader.
In-Sen (single black candle)
Reliability Rating: Very Low
The easiest type of signal is the single black candlestick (in-sen). The longer the body (jittai) the more bullish is the candle.
The Hangman
Reliability Rating: low/moderate
The hangman (karakasa, or paper umbrella), consists of a small body (either color) with a very long lower shadow. This pattern is typically found at the top or bottoms of trends. When the pattern occurs at the top of a up trend it is called a hangman (when it is found at the bottom of a down trend it is called a hammer).
The hangman can be either a black or a white candle.
Long-legged shadows' doji candlestick
Reliability Rating: moderate
This candle has no body, the open and the close is identical. This signal shows that the trend has run it's course and it will reverse. The trend will reverse quickly after this signal occurs. It is considered a reliable signal.
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