How to earn from $100 to $200 daily using candlestick patterns.
Candlestick patterns are one of the strongest trading tools. They tell you the story of buyers and sellers, and if used correctly, can help you earn from $100 to $200 daily. In this guide, we will cover what candlestick patterns are, which ones are the most profitable, and a step-by-step plan on how to trade them.
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🔑 What are candlestick patterns?
Candles show the open, high, low, and close prices for a selected time frame (1 month, 5 months, 1 hour, 1 day).
Green candle (Bullish):
The price closed above the opening price.
Red candle (Bearish):
The price closed below the opening price.
Wicks (Shadows):
Shows the highest and lowest point in that time frame.
These shadows represent market psychology - fear, greed, and pressure from buyers or sellers.
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⭐ Top 5 profitable candlestick patterns.
1. Doji (Indecision ← Breakout Opportunity).
Indicates a state of uncertainty. At support/resistance levels, it often leads to strong breakouts.
2. Hammer (Reversal Signal) 🛠️
Appears after a downtrend. A long lower wick indicates seller failure, and buyers may take control.
3. Engulfing pattern (Strong Reversal) 🔥
Bullish engulfing: The green candle completely covers the previous red candle, indicating buyer strength.
Bearish engulfing: The red candle completely covers the previous green candle, indicating seller strength.
4. Morning Star / Evening Star 🌟
Morning star ← Bullish reversal.
Evening star ← Bearish reversal.
5. Inside Bar (Breakout Setup) 📦
The price remains within the range of the previous candle. A break above/below leads to strong movement.
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💰 How to trade effectively step by step.
1. Open the chart.
Use Binance/TradingView.
For short trades: 5-month or 15-minute time frame.
For swing trades: 1-hour or 4-hour time frame.
2. Identify the trend.
If the market is in an uptrend, focus on buy trades.
If in a downtrend, focus on sell trades.
3. Identify support and resistance.
Support: The price level at which a decline stops.
Resistance: The price level at which an increase stops.
These areas are the best places for candlestick patterns.
4. Wait for a candlestick pattern.
Hammer at support ← Buy.
Engulfing at resistance ← Sell.
Doji near levels ← Wait for confirmation of the breakout.
5. Plan for entry, stop loss, and take profit.
Always use a stop loss. Example:
Entry price: $1.00 (Buy).
Stop loss price: $0.95 (below support level).
Targets: $1.10, $1.15, $1.20.
If you bought 1000 coins at $1.00 ← sold at $1.10 ← earned $100.
6. Risk management.
Risk only 2-3% of your capital on a single trade.
Even if one trade fails, the next trades can cover the loss.
7. Daily trading routine.
1. Check the market in the morning.
2. Identify support/resistance levels.
3. Wait for candlestick signals (Hammer, Engulfing, Doji).
4. Enter with a stop loss.
5. Exit at profit targets.
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📊 Example of daily profit.
Capital: $2000.
Risk per trade: $60 (3%).
Return ratio: 1:3 → $180 profit for each winning trade.
Only two winning trades daily = $360 profit.
3-4 good trades can reach $500 or more daily.
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⚠️ Mistakes to avoid.
Entering without confirmation.
Skip the stop loss order.
Overtrading on small time frames.
Using high leverage without thinking.
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✅ Final word.
Candlestick patterns are not magical, but when combined with support and resistance levels and trading volume, they become strong signals. With discipline, risk management, and patience, you can achieve a profit ranging from $100 to $500 daily.
👉 Master two or three candlestick patterns, trade only at strong levels, and stick to a consistent routine. This is how simple candles turn into consistent profit.