#MastertheMarket
Candlestick patterns are like a GPS for trading, guiding you through the chaos of market fluctuations. Whether you're a seasoned pro or just starting, recognizing these patterns can dramatically boost your accuracy. Here’s a breakdown of the 10 most effective candlestick patterns you can start using today!
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1️⃣ Bullish Three Line Strike
🔍 Accuracy: 84%
What it Means: Signals a reversal after a downtrend.
How to Spot: Three red candles followed by a massive green candle engulfing them.
Pro Tip: Look for this pattern near support zones to catch powerful bullish moves.
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2️⃣ Three Black Crows
🔍 Accuracy: 78%
What it Means: Strong bearish momentum after an uptrend.
How to Spot: Three consecutive long red candles with small wicks.
Pro Tip: Combine with volume analysis for stronger confirmation of further declines.
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3️⃣ Evening Star
🔍 Accuracy: 72%
What it Means: Bearish reversal after an uptrend.
How to Spot: A green candle, followed by a small-bodied candle, then a large red candle.
Pro Tip: Use this at resistance levels for precise short entries.
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4️⃣ Bullish Abandoned Baby
🔍 Accuracy: 70%
What it Means: Bullish reversal after a downtrend.
How to Spot: Gap-down red candle → isolated green candle → gap-up green candle.
Pro Tip: Expect quick, sharp moves upwards—ideal for scalpers!
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5️⃣ Two Black Gapping
🔍 Accuracy: 68%
What it Means: Bearish continuation.
How to Spot: A gap after a downtrend followed by two red candles.
Pro Tip: Use this for swing trades in bear markets.
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6️⃣ Inverted Hammer
🔍 Accuracy: 65%
What it Means: Bullish reversal after a downtrend.
How to Spot: Small body with a long upper wick.
Pro Tip: Wait for confirmation from the next candle before going long.
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7️⃣ Bearish Three Line Strike
🔍 Accuracy: 65%
What it Means: Continuation of a downtrend.
How to Spot: Three green candles followed by a massive red candle engulfing them.
Pro Tip: Use this to ride bearish trends confidently.
