Candlestick patterns help traders understand market behavior.
They show how buyers and sellers fight during a specific time period.
Each candlestick tells a story.
1๏ธโฃ What is a Candlestick?
A candlestick shows price movement in a given time (1 minute, 1 hour, 1 day, etc.).
Each candlestick has:
Open โ price when the candle started
Close โ price when the candle ended
High โ highest price
Low โ lowest price
๐ Green candle = price went up
๐ Red candle = price went down
2๏ธโฃ Candle Body and Wicks (Very Important)
Body shows strength of buyers or sellers
Upper wick shows rejection from higher price
Lower wick shows rejection from lower price
Long body = strong move
Long wick = rejection or hesitation
3๏ธโฃ Single Candlestick Patterns
๐น Doji
Open โ Close
Market is confused
No clear winner
๐ Often appears before a big move.
๐น Hammer
Small body
Long lower wick
Appears after a drop
๐ Shows buyers are trying to take control.
๐น Shooting Star
Small body
Long upper wick
Appears after an uptrend
๐ Shows sellers are pushing back.
4๏ธโฃ Two-Candle Patterns
๐น Bullish Engulfing
Green candle fully covers previous red candle
Strong buying pressure
๐ Possible trend reversal upward.
๐น Bearish Engulfing
Red candle fully covers previous green candle
Strong selling pressure
๐ Possible trend reversal downward.
5๏ธโฃ Three-Candle Patterns
๐น Morning Star
Red candle โ small candle โ green candle
Appears after a downtrend
๐ Bullish reversal signal.
๐น Evening Star
Green candle โ small candle โ red candle
Appears after an uptrend
๐ Bearish reversal signal.
6๏ธโฃ Most Common Beginner Mistake
Many beginners trade only based on patterns.
This is risky.
Candlestick patterns work best when combined with:
Support & resistance
Trend direction
Volume
๐ Patterns alone are not magic.
7๏ธโฃ Best Timeframes for Beginners
Recommended timeframes:
15m
1h
4h
Avoid very small timeframes โ they create noise.
Final Advice
Candlestick patterns help you:
Read market emotions
Avoid emotional trades
Improve entry and exit timing
But always remember:
Candles show probability, not certainty.
๐ Question for beginners:
Which pattern confuses you the most โ Doji, Hammer, or Engulfing?
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