


🕯️ 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.
Intermediate Level
🔄 1. Reversal Patterns
These patterns suggest the current trend may be about to reverse.
🔺 Bullish Reversal
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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:
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Support & resistance zones
-
Trendlines or moving averages
-
Fibonacci retracement levels
✅ Combine with:
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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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