🎯 Episode Two: Candlestick Patterns – The Market Language for the Professional Trader
Candlestick patterns are not just shapes on the chart… they are a language that the market speaks to anyone who knows how to read it. Top traders use candlesticks not for their appearance, but to understand the market's intent and to distinguish between real movement and fake movement.
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📌 Key Candlestick Patterns for Traders:
1. Bullish and Bearish Engulfing
If a candle fully engulfs the previous candle, especially after a clear trend, this is a strong signal for a potential reversal.
2. Hammer
A small body with a long lower shadow.
It appears after a sharp decline and indicates a clear rejection of lower prices.
3. Morning and Evening Star
A three-candle pattern that indicates a trend reversal.
Professionals particularly notice it at strong support or resistance areas.
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🔍 Professionals Focus on:
Context: The same candle in a different location means something different.
Volume: An engulfing candle with high trading volume = a confirmed signal.
Timeframe: 5 minutes is different from an hour and different from daily.
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✅ Summary:
Reading candlesticks is not a skill of appearance… it is a skill of understanding. Each candle tells you: Who is in control? The buyers or the sellers? And was what happened real or a trap?
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