The best way to learn candlestick patterns is by entering and exiting trades based on the signals they provide. Constantly studying and practicing these patterns will gradually build your confidence. I’ve used many patterns, but I’ll show you 6 of the most reliable ones.
P.S. These patterns are used on a daily chart.
1/ ➱ Hammer
The hammer candlestick pattern has a short body with a long lower wick and typically appears at the end of a downtrend. It signals strong buying pressure that reverses earlier selling, pushing the price back up. When you notice longer lower wicks, it means selling pressure is fading, and the bulls are taking control. This indicates a reversal and suggests a price pump is on the way.
2/ ➱ Three Green Soldiers
This pattern consists of three consecutive long green candles with small wicks, where each candle opens and closes progressively higher than the previous day. It’s a strong bullish signal that appears after a downtrend.
Follow for more tips in part 3, and drop your questions!
