"5 Powerful Candlestick Patterns Every Trader Should Know" (1 Viewer)

[eragon_99]

1. Bullish Engulfing
• Appears at bottom of a downtrend
• Big green candle completely covers previous red
Signal: Trend reversal to upside

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2. Bearish Engulfing
• Appears at top of an uptrend
• Big red candle swallows previous green
Signal: Trend reversal to downside

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3. Doji
• Small candle with little/no body
• Signals indecision in market
Combine with support/resistance for best results

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4. Hammer & Inverted Hammer
• Hammer: Small body, long lower wick
• Inverted: Small body, long upper wick
Shows price rejection — often at S/R zones

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5. Morning Star / Evening Star
• 3-candle pattern
• Morning Star: Bullish reversal
• Evening Star: Bearish reversal
Strong when supported by volume/S&R

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Tip:
Candles mean nothing without context
Always check:
Trend
Support/Resistance
Volume (if available)

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