Your Ultimate Guide to Dominating the Charts Like a Pro!
Candlestick Patterns are a trader's visual edge—whether you're scalping, swinging, or investing. From trend reversals to continuations, this guide will arm you with the essential price action weapons you need!
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🕯️ Anatomy of a Candlestick
A candlestick reveals market sentiment in a visual snapshot:
Body – Difference between open & close
Wicks (Shadows) – Highs and lows
Color –
Green = Bulls in control
Red = Bears winning the candle
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📈 Bullish Reversal Patterns (Trend Shift Upwards)
Single Candle Signals:
1️⃣ Hammer – Long lower wick, shows buyers stepping in
2️⃣ Inverted Hammer – Early reversal at downtrend bottom
3️⃣ Dragonfly Doji – Strong rejection of lower prices
4️⃣ Bullish Spinning Top – Indecision with bullish potential
Two-Candle Patterns:
5️⃣ Bullish Kicker – Explosive momentum shift up
6️⃣ Bullish Engulfing – Buyers overpower sellers
7️⃣ Piercing Line – Halfway comeback into previous candle
8️⃣ Bullish Harami – Early hesitation before a bullish move
9️⃣ Tweezer Bottom – Double bottom at same price level
Multi-Candle Signals:
🔟 Morning Doji Star
1️⃣1️⃣ Three White Soldiers
1️⃣2️⃣ Bullish Engulfing Sandwich
1️⃣3️⃣ Morning Star
1️⃣4️⃣ Rising Three Method – Pullback + trend continuation
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📉 Bearish Reversal Patterns (Trend Shift Downwards)
Single Candle Signals:
1️⃣ Hanging Man – Warning at top of an uptrend
2️⃣ Shooting Star – Buyers rejected hard
3️⃣ Gravestone Doji – Sharp upper wick = seller strength
4️⃣ Bearish Spinning Top – Weakness in bullish momentum
Two-Candle Patterns:
5️⃣ Bearish Engulfing
6️⃣ Bearish Kicker
7️⃣ Dark Cloud Cover
8️⃣ Bearish Harami
9️⃣ Tweezer Top
Multi-Candle Patterns:
🔟 Falling Three Method
1️⃣1️⃣ Bearish Engulfing Sandwich
1️⃣2️⃣ Three Black Crows – Brutal selling pressure
1️⃣3️⃣ Evening Doji Star
1️⃣4️⃣ Bearish Abandoned Baby
1️⃣5️⃣ Evening Star – Classic top reversal
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⚖️ Neutral Patterns (Market Indecision)
1️⃣ Spinning Top – Tug of war between bulls & bears
2️⃣ Doji – Market unsure, expect volatility
3️⃣ Harami – Potential pause or reversal
4️⃣ Marubozu – Extreme momentum (bullish or bearish)
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🎯 Final Words for Smart Traders
Candlestick patterns tell a story—but never trade blindly. Always combine them with:
Volume analysis
Moving Averages
Support & Resistance
Indicators like RSI/MACD
Master these patterns + manage your risk = your chart-reading game levels up!
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