These are my favourite candlestick patterns to look out for and use when trading
They work best for me on the M30 timeframe and higher
Right click the pictures to download and save
Reversals - found at the end of a downtrend
Tweezer bottoms - two candles with matching bottom wicks
Morning star - one long bear candle, a small bodied candle and a long bodied bullish candle,
Bullish engulfing - a bullish candle whose body fully engulfs the body of the previous bearish candle
Double bottom - when candles form a W shape with 2 same low points and a neckline in the middle
Bullish continuation - bullish candle, then a small bodied bearish candle then another bullish candle that breaks the high
Marubozu - long candlestick with no wicks on either side
Hammer - long bottom wick and small body (bullish when formed at the bottom of a downtrend)
Reversals - found at the top of uptrends
Tweezer tops - two candlesticks with matching top wicks
Evening star - one long bullish candle, a small bodied candle and a long bearish candle
Bearish engulfing - a bearish candle whose body engulfs the body of the previous bullish candle
Double top - when candles form a M shape with 2 same high points and a neckline in the middle
Bearish continuation - bearish candle, then a small bodied bullish candle, then another bearish candle that breaks the low
Marubozu - long candlestick with no wicks on either side
Inverted Hammer - long upper wick and small body (bearish when found at the top of an uptrend)
Kommentare