𝐓𝐨𝐩 𝟑 𝐌𝐨𝐬𝐭 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐭𝐨 𝐌𝐨𝐧𝐢𝐭𝐨𝐫

1. Bullish/Bearish Engulfing (Two Candles)

- Why? This pattern shows a strong shift in sentiment. A bullish engulfing (second candle engulfs the first bearish candle) often signals a reversal up, while a bearish engulfing predicts a downturn.

- Practical Use: Look for these at support/resistance levels for high-probability trades.

2. Morning/Evening Star (Three Candles)

- Why? These are reliable reversal patterns. A Morning Star (bearish candle, small Doji/star, bullish candle) signals a bottom, while an Evening Star predicts a top.

- Practical Use: Great for catching trend reversals, especially after a strong uptrend or downtrend.

3. Hammer/Hanging Man (One Candle)

- Why? Hammers (bullish) at the bottom of a downtrend or Hanging Man (bearish) at the top of an uptrend signal potential reversals with a small body and long lower wick.

- Practical Use: Easy to spot and effective when confirmed with volume or support/resistance.

Master these patterns, and you’ll have a solid edge in reading price action! What’s your favorite candlestick pattern?

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