Top Candlestick Signals Every Trader Must Know
some candlestick patterns are much more common and useful because they can signal strong potential moves. Here are the most common and useful ones:
1. Doji
Meaning: Market indecision (buyers and sellers are balanced).
Use: Watch for trend reversals or continuation after a doji.
2. Hammer
Meaning: Strong buying after selling pressure (bullish reversal).
Use: Appears after a downtrend, hints that buyers are stepping in.
3. Shooting Star
Meaning: Strong selling after buying pressure (bearish reversal).
Use: Appears after an uptrend, hints at weakness.
4. Bullish Engulfing
Meaning: Buyers overpower sellers completely.
Use: Good signal of a bullish reversal after a downtrend.
5. Bearish Engulfing
Meaning: Sellers overpower buyers completely.
Use: Strong sign of a bearish reversal after an uptrend.
6. Morning Star
Meaning: Trend reversal from bearish to bullish.
Use: A three-candle pattern — very powerful at bottoms.
7. Evening Star
Meaning: Trend reversal from bullish to bearish.
Use: Also a three-candle pattern — very powerful at tops.
8. Marubozu
Meaning: Very strong bullish or bearish momentum (no wicks).
Use: Confirms strength in the current direction.#Altcoins#Bullish #Bear🐻
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