🌟 Morning Star
This 3-candle pattern appears after a downtrend. First a strong bearish candle, then a small indecisive candle, and finally a large bullish candle. The Morning Star gives a hopeful reversal signal, the story of buyers coming back!
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🔨 Hammer
The hammer candle that forms at the bottom is a bullish reversal signal. The long lower wick shows the failed attempt of sellers, while buyers regain control with a strong close. The green hammer is more powerful, but the red one can also indicate a reversal (with confirmation).
🐂 Bullish Engulfing
A large green candle completely enveloping a small red candle; this is bull dominance! A powerful reversal trend signal and strength of buyers.
⚡ Inverted Hammer
It’s similar to the hammer, but the upper shadow is long. It appears after a downtrend, and if the next candle is bullish, the reversal is confirmed.
🎯 Piercing Pattern
First a red candle, then a green candle that opens below but closes above half of the first candle; this indicates a new influx of buyers and a possible trend change.
🎖️ Three White Soldiers
3 strong green candles in a row with higher closes; this pattern screams bullish momentum. Generally found at the end of a downtrend or after a consolidation.
🚀 Three Rising Methods
A strong green candle, followed by small red candles (within the range), and then another large green candle; this shows that bulls are just taking a breather before the next rise.
🐉 Dragonfly Doji
A doji with a long lower shadow whose close is almost near the open or the high; sellers have pushed down, but buyers have recovered everything. After a downtrend, this can be a bullish signal.
🤰 Bullish Harami
A large red candle within a small green candle; this indicates a slowdown in selling pressure and a possible reversal if the next candle confirms it.
💭 Final Reflection
Candlestick patterns are not just shapes: they are a reflection of the emotions and decisions of traders. If you combine them with support/resistance, volume, and trend lines, they can take your trading confidence to the next level.
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