One of the first steps to leveling up as a trader? Learning how to read candlesticks
If you’ve ever looked at a chart and felt confused by all the red and green bars you’re not alone But once you understand candlestick patterns, you’ll start seeing the story behind the price action
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I just found this super helpful cheat sheet that breaks down the most important candlestick patterns into two main types:
🔹 Bullish Patterns (price likely to go up)
🔹 Bearish Patterns (price likely to go down)
And they’re further split into:
• Reversals: Signals a potential trend change
• Continuations: Confirms the trend may continue
Some key ones to keep an eye on:
• Hammer & Inverted Hammer (bullish reversal)
• Bullish/Bearish Engulfing
• Morning Star & Evening Star
• Three Line Strikes
• Rising/Falling Three Methods
This cheat sheet makes it super easy to memorize the patterns and spot them in real charts
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