Learn These Candlestick Patterns to Cut Down Your Trading Losses!



Bullish Patterns – Signs the Price May Go Up


1. Hammer

  • Small body with a long tail below.


  • Appears at the end of a downtrend.


  • Shows buyers are stepping in to reverse the drop.


  • Stronger when followed by a green (bullish) candle.


2. Inverted Hammer

  • Small body with a long upper shadow.


  • Forms after a downward trend.


  • Signals a possible trend reversal—watch for confirmation.


3. Bullish Engulfing

  • Small red candle followed by a big green one that covers it.


  • Shows a strong shift in buyer power.


  • Works best near support levels.


4. Piercing Pattern

  • Starts with a red candle, then a green one that closes above the middle of the red.


  • A sign bulls are taking control.


  • Look for more bullish movement to confirm.


5. Morning Star

  • Three candles: red, a small candle (any color), then a strong green one.


  • Shows a shift from selling to buying pressure.


  • Commonly appears near support areas.


6. Three White Soldier's

  • Three solid green candles in a row.


  • Each opens within the last candle’s range and closes higher.


  • Suggests strong, steady buying momentum.



Bearish Patterns – Signs the Price May Drop


1. Hanging Man

  • Small body with a long lower tail.


  • Forms at the top of an uptrend.


  • Shows buyers are losing control—sellers might take over.


2. Shooting Star

  • Small body with a long upper wick.


  • Appears after a price rise.


  • Indicates that buying power is fading.


3. Bearish Engulfing

  • A small green candle followed by a large red one that engulfs it.


  • Shows sellers have overpowered the buyers.


  • Stronger if near resistance levels.


4. Evening Star

  • Three candles: green, a small one (indecision), then red.


  • Hints at an upcoming downtrend.


  • Strongest at market tops.


5. Three Black Crows

  • Three long red candles in a row.


  • Each opens within the previous one and closes lower.


  • Suggests aggressive selling pressure.


6. Dark Cloud Cover

  • A green candle followed by a red one that closes below the middle of the green.

  • A clear warning that momentum is turning bearish.



Final Tip:


Learn these patterns by heart and always wait for confirmation before acting. Combine them with support/resistance zones and volume for better accuracy.


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