📊 Support & Resistance Patterns Every Trader Should Know, just Incase you do not know, Support and resistance are like the floor and ceiling of the market.
Support = A price level where buyers step in to stop the fall (the floor).
Resistance = A price level where sellers step in to stop the rise (the ceiling).
When price touches these zones, it can either bounce back or break through and that’s where candlestick patterns give us clues.
Here are some patterns to watch:
🔥 Bullish Signs (Price may go up)
Morning Star – Three candles showing a shift from selling to buying near support.
Bullish Breakout – Price pushes above resistance after several attempts.
Bullish Rejection – Price dips to support but bounces hard.
Three White Soldiers – Three strong green candles from support – bullish momentum.
⚠️ Bearish Signs (Price may go down)
Bearish Engulfing – A big red candle swallows a green one near resistance.
Bearish Rejection – Price tries to break resistance but fails.
Three Red Crows – Three red candles in a row near resistance – strong downtrend.
Evening Star – Three candles showing a shift from buying to selling near resistance.