Candlesticks aren’t random shapes on a chart. Each one represents a battle between buyers and sellers. When you learn to read these patterns correctly, you stop guessing and start reacting to what price is actually telling you.


5 Candlestick Patterns Every Trader Must Know


1) Hammer



  • Structure: Small body, long lower wick


  • Context: Appears after a decline


  • Meaning: Sellers pushed price down, buyers reclaimed control


  • Execution tip: Wait for a bullish close next candle


2) Bullish Engulfing



  • Structure: Large green candle fully covers the prior red candle


  • Context: Downtrend or pullback


  • Meaning: Strong momentum shift in favor of buyers


  • Execution tip: Entry after candle close near support


3) Dragonfly Doji



  • Structure: Long lower shadow, almost no upper wick


  • Context: After a drop


  • Meaning: Aggressive rejection of lower prices


  • Execution tip: Confirm with volume or structure support


4) Piercing Line



  • Structure: Red candle followed by green candle closing above 50% of it


  • Context: Downtrend base


  • Meaning: Buyers stepping in with intent


  • Execution tip: Look for continuation candles


5) Tweezer Bottom



  • Structure: Two candles with nearly identical lows


  • Context: Local bottom


  • Meaning: Double rejection of downside


  • Execution tip: Strongest near key support zones


🔥 Key takeaway:

Candlestick patterns don’t predict the future — they reveal market intent. When combined with structure, support/resistance, and patience, they help you avoid fake entries and unnecessary losses.


#CandlestickPatterns #CryptoTrading #BinanceTraders #LearnToTrade #ChartAnalysis $BTC $ETH $BNB