4 candlestick patterns every beginner MUST know.

Trading King
@tradingking
10 days ago

4 candlestick patterns every beginner MUST know.

Save this. Screenshot it. Tattoo it on your forearm. These four patterns appear on every chart, every timeframe, every market.

HAMMER
Small body at the top. Long lower wick. Appears in a downtrend.
What it means: Sellers pushed the price down hard but buyers fought back and closed near the open.
Signal: Potential reversal to the UPSIDE. Bulls are entering.

SHOOTING STAR
Small body at the bottom. Long upper wick. Appears in an uptrend.
What it means: Buyers tried to push higher but sellers slammed it back down.
Signal: Potential reversal to the DOWNSIDE. Bears are arriving.

DOJI
Open and close are nearly identical. Looks like a cross or plus sign.
What it means: Neither buyers nor sellers won. The market is undecided.
Signal: Indecision. A big move is coming - but you do not know which direction yet. Wait for confirmation.

ENGULFING
A large candle that completely covers the previous candle.
Bullish engulfing: large green candle swallows previous red candle = reversal UP.
Bearish engulfing: large red candle swallows previous green candle = reversal DOWN.

These four patterns are not predictions. They are probabilities. Always confirm with volume and the next candle before entering.

#Trading #Stocks #Forex #CandlestickPatterns #Learning #TechnicalAnalysis #ChartPatterns #BeginnerTrader #StockMarket #FinancialLiteracy #Investing

---