Candlestick Patterns: Doji, Hammer and Engulfing

Candlesticks draw each session's OHLC as a body (open to close) with wicks (high and low).

Patterns MarketLens detects

• Doji: body smaller than 10% of the range — indecision.
• Hammer: small body near the top with a lower wick at least twice the body — buyers rejected lower prices.
• Shooting star: the inverse of a hammer.
• Bullish / bearish engulfing: a body that fully covers the previous session's opposite-colour body.

Reliability

On their own, candlestick patterns have weak predictive power. MarketLens reports them for context only; they do not drive the forecast models.