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Pattern recognition: candlestick patterns and chart signals detected automatically

Every morning the WeekTraders pattern scanner checks stocks, currency pairs and cryptocurrencies for more than 40 candlestick patterns and chart signals – from hammer and engulfing to double bottom and golden cross to MACD, RSI and Bollinger Bands. With filters, sorting, a daily email and price alerts.

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Latest detected: trading day 10/11/2026

252patterns in total
▲ 94bullish
▼ 157bearish
243Stocks
6Currencies
0Crypto
3Commodities
PatternsHitsInstruments
▼ Bearish HaramiCandle 70 🔒 •••••
▲ New highChart 18 🔒 •••••
▲ MACD crosses upChart 13 🔒 •••••
▼ MACD crosses downChart 12 🔒 •••••
▼ Hanging ManCandle 12 🔒 •••••
▲ Three White SoldiersCandle 10 🔒 •••••
▲ Bullish EngulfingCandle 10 🔒 •••••
▼ Bearish Belt HoldCandle 9 🔒 •••••
▼ Shooting StarCandle 9 🔒 •••••
▲ Bullish Belt HoldCandle 9 🔒 •••••
▼ Evening StarCandle 6 🔒 •••••
▼ RSI leaves overboughtChart 6 🔒 •••••

🔒 Which stocks, currencies and cryptocurrencies are affected – with price, performance since the signal, weekly trend and backtest rate per pattern – you see in the pattern scanner. Get the Weekly Market Brief free →

To be honest

In our backtest (2010–2026, more than 1,000 stocks) no pattern shows a proven edge – not even Engulfing, Shooting Star, MACD or Bollinger. Individual hits can look good, but on average they are close to chance. Use the patterns for observation, not as a buy signal.

That is why the weekly trend is at the heart of WeekTraders: together with the market light it cushioned large drawdowns in our tests. Pattern recognition complements it – for example as the reason for a price alert.

Patterns WeekTraders recognizes

Candlestick patterns

▲ Bullish Belt Hold Opens at the low, strong rise without a lower shadow.
▲ Bullish Engulfing Rising candle engulfs the previous falling candle.
▲ Bullish Hammer Long lower shadow after a decline – buyers push back.
▲ Bullish Harami Small rising candle inside the large falling prior candle.
▲ Bullish Kicker Gap up right after a falling candle.
▲ Bullish Marubozu Large rising candle without shadows – buyers dominate.
▲ Dragonfly Doji Doji with a long lower shadow – buyers recover the decline.
▲ Inverted Hammer Long upper shadow after a decline – first buying attempts.
▲ Morning Star Three-candle reversal after a decline.
▲ Piercing Line Rising candle closes above the midpoint of the falling prior candle.
▲ Rising Three Methods Long rising candle, three small pullbacks, renewed rise above the high.
▲ Three Inside Up Harami after a decline, confirmed by a rising third candle.
▲ Three Outside Up Bullish engulfing, confirmed by a higher close.
▲ Three White Soldiers Three strong rising candles in a row.
▼ Bearish Belt Hold Opens at the high, strong decline without an upper shadow.
▼ Bearish Engulfing Falling candle engulfs the previous rising candle.
▼ Bearish Harami Small falling candle inside the large rising prior candle.
▼ Bearish Kicker Gap down right after a rising candle.
▼ Bearish Marubozu Large falling candle without shadows – sellers dominate.
▼ Dark Cloud Cover Falling candle closes below the midpoint of the rising prior candle.
▼ Evening Star Three-candle reversal after a rise.
▼ Falling Three Methods Long falling candle, three small rebounds, renewed decline below the low.
▼ Gravestone Doji Doji with a long upper shadow – sellers push the rise back down.
▼ Hanging Man Hammer shape after a rise – warning sign of a reversal.
▼ Shooting Star Long upper shadow after a rise – sellers push down.
▼ Three Black Crows Three strong falling candles in a row.
▼ Three Inside Down Harami after a rise, confirmed by a falling third candle.
▼ Three Outside Down Bearish engulfing, confirmed by a lower close.

Chart signals

▲ Double bottom Two lows at a similar level, close above the intermediate high.
▲ Golden cross The 50-period average rises above the 200-period average.
▲ Gap up Open clearly above the previous high.
▲ MACD crosses up The MACD line rises above its signal line.
▲ New high Highest close of the last 52 candles.
▲ RSI leaves oversold The RSI rises back above 30.
▲ Close above upper Bollinger band Unusually strong move up.
▼ Death cross The 50-period average falls below the 200-period average.
▼ Double top Two highs at a similar level, close below the intermediate low.
▼ Gap down Open clearly below the previous low.
▼ MACD crosses down The MACD line falls below its signal line.
▼ New low Lowest close of the last 52 candles.
▼ RSI leaves overbought The RSI falls back below 70.
▼ Close below lower Bollinger band Unusually strong move down.
● Bollinger squeeze The bands are as narrow as they have been in a long time – often before a bigger move (direction open).

Also of interest: Currency pairs · Crypto · 13F filings

Frequently asked questions

What is pattern recognition in trading?

Pattern recognition looks for recurring shapes in the price chart: candlestick patterns such as hammer or engulfing describe one or a few candles, chart signals such as a double bottom, golden cross or a break above the Bollinger Band describe longer moves. WeekTraders detects them automatically.

When does the pattern scanner run?

Early every trading morning (Tuesday to Saturday) on the previous day's daily candles – for stocks from Germany, the US, the UK, France, Switzerland and Canada, plus 14 currency pairs, the 20 largest cryptocurrencies and 7 commodities.

Can I be notified about new patterns?

Yes. In the pattern scanner you save your selection – which patterns, which direction, which market, optionally only your watchlist – and get an email with the new hits every morning. You can also set a price alert for individual patterns.

Do candlestick and chart patterns work?

To be honest: in our backtest of more than 1,000 stocks from 2010 to 2026, no pattern showed a stable edge. Individual hits can look good, but on average they are close to chance. At WeekTraders only the weekly trend and the market light are proven – the patterns are for observation.