🔥 LEARN THESE CANDLESTICK PATTERNS — NEVER TAKE BLIND LOSSES AGAIN 🔥
Understanding candlestick patterns can change your trading game. These formations tell the story of buyers vs. sellers — and when learned properly, they can signal powerful entries and exits before the big move even starts.
Here are 5 patterns every trader must know:
🔹 Hammer
Looks like: Small body with long lower wick Appears: After a downtrend Signals: Buyers stepping in, trend reversal Tip: Wait for the next green candle for confirmation
🔹 Bullish Engulfing
Looks like: Small red candle followed by a larger green candle Appears: After a downtrend Signals: Strong bullish momentum Tip: Entry after engulfing candle closes
🔹 Dragonfly Doji
Looks like: No top wick, long lower shadow Appears: After a decline Signals: Rejection of lower prices Tip: Check volume for strength
🔹 Piercing Line
Looks like: Red candle followed by a green one that closes over halfway up the red Appears: At the bottom of a downtrend Signals: Buyers are taking control Tip: Watch for continuation candles
🔹 Tweezer Bottom
Looks like: Two candles with same low Appears: At the bottom of a dip Signals: Double rejection of downside Tip: Combine with RSI or support zone for confidence 🔥 Master these patterns and start recognizing price action like a pro. This is how smart traders avoid fakeouts and time their entries perfectly.