๐ 8 Powerful Candlestick Patterns Every Trader MUST Know!
Tired of guessing market moves? These candlestick patterns can help you spot reversals before they happen โ and trade with confidence. Hereโs what you need to know: ๐
๐ Bullish Patterns (Hint: Price may rise soon)
1๏ธโฃ Bullish Engulfing
๐น Small red candle โ followed by a large green candle that fully engulfs it.
๐น Strong buy signal.
2๏ธโฃ Morning Star
๐น 3-part pattern:
โ1. Long red candle
โ2. Small indecision candle
โ3. Strong green candle
๐น Signals reversal from bearish to bullish.
3๏ธโฃ Bullish Pin Bar
๐น Small body + long lower wick
๐น Rejection of lower prices โ buyers stepping in.
4๏ธโฃ Bullish Harami
๐น Large red candle โ small green one inside it
๐น Bearish momentum is weakening.
๐ Bearish Patterns (Hint: Price may drop)
1๏ธโฃ Bearish Engulfing
๐น Small green candle โ large red candle that engulfs it
๐น Sellers gaining control.
2๏ธโฃ Evening Star
๐น 3-part pattern:
โ1. Big green candle
โ2. Small indecisive candle
โ3. Strong red candle
๐น Reversal from bullish to bearish.
3๏ธโฃ Bearish Pin Bar
๐น Small body + long upper wick
๐น Rejection of higher prices โ bearish pressure building.
4๏ธโฃ Bearish Harami
๐น Large green candle โ small red candle inside it
๐น Buyer strength fading.
๐ก Pro Tips for Smart Trading
โ
Combine candlestick patterns with indicators like RSI, volume & moving averages.
โ Donโt rely on patterns alone โ always confirm the setup!
If this helped, type โReadyโ in the comments!
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