📊 7 indispensable candlestick patterns for every professional trader
Did you know that one candlestick can reveal the market’s intention before the next move begins?
But...
The mistake most traders make is relying on a single candlestick model without considering the trend or liquidity, support, and resistance zones.
Therefore, learn about the most important 7 candlestick patterns that you should have in your toolkit for technical analysis.
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1️⃣ Hammer
It often appears after a downward trend.
Indicates rejection of low prices and the return of buyers to take control, making it one of the most well-known bullish reversal signals.
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2️⃣ Shooting Star
It usually appears after an upward trend.
Indicates rejection of high prices and sellers taking control, and it could be the start of a bearish reversal if the support break is confirmed.
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3️⃣ Bullish Engulfing
A strong green candle that fully engulfs the previous bearish candle.
One of the strongest signals of buyers returning, especially if it appears at a strong demand zone.
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4️⃣ Bearish Engulfing
A large red candle that engulfs the previous bullish candle entirely.
Indicates control shifting to sellers, especially at supply zones or after a strong upward wave.
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5️⃣ Doji
A candle that reflects a balance state between buyers and sellers.
It doesn't mean a reversal on its own, but it alerts to the possibility of a momentum change, and always needs a confirmation candle.
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6️⃣ Morning Star
A bullish reversal pattern made up of three candles.
And it often appears after a down wave, indicating sellers' weakness and the beginning of buyers taking control.
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7️⃣ Evening Star
The exact opposite of the Morning Star pattern.
It appears after an upward trend, and is one of the most famous bearish reversal patterns when the break of the nearby low is confirmed.
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Rule:
Do not enter any trade based on only a candlestick pattern.
Always combine:
market direction.
Support and resistance.
Liquidity.
Risk management.
So the candles give an indication... but they don't make a decision on their own.
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Remember
The professional trader doesn't memorize model names only...
It just knows when it appears, where it appears, and why it appeared.
And that's where the real difference lies between random analysis and professional analysis.
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Disclaimer
This content is for educational purposes only and does not constitute investment advice or an invitation to sell or buy. Trading in financial markets involves risks, so always make sure to manage your capital and adhere to a clear trading plan.
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