📈 The Ultimate Trader’s Guide to Price Action!
Candlestick patterns are one of the most powerful tools in technical analysis. Whether you’re a beginner or a pro, knowing how to read these can mean the difference between profit and panic.
They’re divided into 3 categories:Bullish, Bearish, and Neutral – let’s break them down!
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🕯️ How Candlesticks Work
Each candle shows price action over a period of time:
• Body – The range between open and close prices
• Wick (Shadow) – Highs and lows of the session
• Color – Green = bullish; Red = bearish
📈 Bullish Patterns (Price Likely to Go Up)
Single Candle Patterns:
1️⃣ Hammer – Reversal after a downtrend
2️⃣ Inverted Hammer – Bullish reversal signal
3️⃣ Dragonfly Doji – Strong buying pressure
4️⃣ Bullish Spinning Top – Market indecision with upside bias
Double Candle Patterns:
5️⃣ Bullish Kicker – Momentum shift upward
6️⃣ Bullish Engulfing – Green candle overtakes red one
7️⃣ Piercing Line – Bullish reaction after a red candle
8️⃣ Bullish Harami – Sign of weakening downtrend
9️⃣ Tweezer Bottom – Signals price support
Multi-Candle Patterns:
🔟 Morning Doji Star – Strong bullish reversal
1️⃣1️⃣ Three White Soldiers – Consistent buying pressure
1️⃣2️⃣ Bullish Engulfing Sandwich – Bullish confirmation
1️⃣3️⃣ Morning Star – Classic reversal setup
1️⃣4️⃣ Rising Three Method – Continuation of uptrend
📉 Bearish Patterns (Price Likely to Drop)
Single Candle Patterns:
1️⃣ Hanging Man – Signals potential top
2️⃣ Shooting Star – Bearish reversal at resistance
3️⃣ Gravestone Doji – Strong selling pressure
4️⃣ Bearish Spinning Top – Uncertainty with bearish tilt
Double Candle Patterns:
5️⃣ Bearish Engulfing – Red candle overtakes green one
6️⃣ Bearish Kicker – Shift to downside momentum
7️⃣ Dark Cloud Cover – Strong bearish rejection
8️⃣ Bearish Harami – Weakening uptrend
9️⃣ Tweezer Top – Price resistance area
Multi-Candle Patterns:
🔟 Falling Three Method – Bearish continuation
1️⃣1️⃣ Bearish Engulfing Sandwich – Bearish confirmation
1️⃣2️⃣ Three Black Crows – Strong selling momentum
1️⃣3️⃣ Evening Doji Star – Sharp reversal pattern
1️⃣4️⃣ Bearish Abandoned Baby – Sudden price rejection
1️⃣5️⃣ Evening Star – Classic bearish setup
⚖️ Neutral Patterns (Indecision in the Market)
1️⃣ Spinning Top – Buyers and sellers in balance
2️⃣ Doji – Market uncertainty
3️⃣ Harami – Pause in price action
4️⃣ Marubozu – Full conviction in one direction (bullish or bearish)
🎯 Final Tip for Traders
Candlestick patterns help you spot reversals, continuations, and market indecision. But always combine them with RSI, MACD, volume, and support/resistance for smarter entries and exist
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