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🕯️ Candlestick Patterns

 

Decode Price Action Like a Pro

Candlestick patterns are visual price formations that show what buyers and sellers are doing. Learning these helps traders spot reversals, continuations, and entry signals.

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🔄 1. Reversal Patterns

These patterns suggest the current trend may be about to reverse.

🔺 Bullish Reversal

  • Hammer 🟩: Small body, long lower wick
    👉 Signals potential bounce from support

  • Bullish Engulfing 🟩🟩: Large green candle fully covers the red before it
    👉 Strong shift from sellers to buyers

  • Morning Star 🌅: 3-candle pattern (down → small candle → strong up)
    👉 Trend reversal from down to up

🔻 Bearish Reversal

  • Shooting Star 🟥: Small body, long upper wick
    👉 Signals rejection from resistance

  • Bearish Engulfing 🟥🟥: Large red candle covers green one
    👉 Strong seller control

  • Evening Star 🌇: 3-candle pattern (up → small candle → strong down)
    👉 Trend reversal from up to down

🔁 2. Continuation Patterns

These show that the current trend may continue after a pause.

  • Doji ➖: Open ≈ Close (market indecision)
    👉 Often leads to continuation

  • Inside Bar 📉📈: Small candle within the range of the previous candle
    👉 Consolidation before breakout

  • Three White Soldiers 🟩🟩🟩: 3 strong green candles
    👉 Continuation of a bullish move

  • Three Black Crows 🟥🟥🟥: 3 strong red candles
    👉 Continuation of a bearish move

📌 How to Use Candlestick Patterns

✅ Look for patterns near:

  • Support & resistance zones

  • Trendlines or moving averages

  • Fibonacci retracement levels

✅ Combine with:

  • Indicators (RSI, EMA, Sniper Pro)

  • Market structure or breakout strategies

🧠 Pro Tip:

One candlestick means nothing without context.
Always look at the bigger picture, trend, and location on the chart.

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