Level 1: The ONLY Candlestick Pattern Guide You'll EVER NEED

1. Engulfing Candlestick

Bullish Engilfing Candle

Just looking at this candle doesn't mean, that price will surely go up.

Bearish Engulfing Candle

2. Momentum Candle

 

Most of times Momentum Candle acts as strong support making price to go up

3. Multiple Candlestick Pattern

Three or more candles, with wicks in same direction

Confirmation For Bullish TREND

Means sellers are trying to break the support, but buyers keep fighting and winning multiple times. Confirming the GOOD SUPPORT and confirming the UPWARD movement.

Confirmation For Bearish TREND

4. DOJI

it means, market is uncertain where it wants to go, and is having resistance.

If uncertainity is there, then market goes in opposite direction more often.

wait for 2 or more candles

5. HAMMER

The market is extremely bullish, and will continue the trend

6. Shooting Star

• confirms price might reverse

7. Tweezer

i. Bullish Signals

This tells, price is getting support and now is getting momentum.

ii. Bearish Signals

8. Marubozu

i. Bullish Marubozu

means, price will keep heading in same direction where it is going.

ii. Bearish Marubozu