Master Candlestick Patterns: The Guide Every Trader Needs

Tired of losing trades because you don't understand what the chart is telling you? Candlestick patterns are your invisible ally. While other traders guess, you will be reading the market like an open book.

The Winners: Bullish Patterns

The Hammer appears when the price rejects the lows (long shadow down, small body). It's as if the market is saying “you won't go lower here.”

The Bullish Engulfing is brutal: a small bearish candle followed by a LARGE bullish candle that engulfs it completely. Translation: the buyers took control.

The Morning Star (3 candles) = change from bearish to bullish trend. Historical.

The Losers: Bearish Patterns

The Hanged Man (long shadow down) shouts: beware, downward reversal.

The Bearish Engulfing is the opposite: small bullish candle + large bearish candle = sellers regain control.

The Three Black Crows (3 consecutive bearish candles) = confirmed downtrend. Don't joke about this.

What Really Matters

• These patterns do NOT work alone. Combine them with RSI, MACD, supports/resistances.
• Context is everything: are we in a bullish or bearish trend? Are there any important news?
• False breakouts exist. Always use stop loss, don't be naive.
• The market changes every second. Keep your eyes open.

The truth: candle patterns give you probabilities, not certainties. It's like reading the weather—useful, but not 100% accurate. Use them wisely and with capital that you can afford to lose.