Powerful Candlestick Patterns Every Trader Should Know

Candlesticks pack a lot of data. They show how an asset’s price moved, which highs and lows the price hit, as well as how strongly it reacted to a support or resistance level. While some traders use candlesticks to discover chart patterns by connecting multiple candlesticks, others trade by watching individual candlesticks.

In this article I’m going to show you 4 powerful candlestick patterns that every trader should know. I’ll explain how to trade the hammer, engulfing patterns, the three white soldiers, and doji patterns. You’ll also have the chance to learn about both bearish and bullish candlestick patterns.

#candlestick #candlestick_patterns #TradingTypes101 #guideforyou