What are your favorite candlestick patterns?

[ratfooshi]

Mine is the inside bar. Super super reliable for me.

 

[Daantje Pieters]

To understand candlesticks pattern, you should do market research. Market research is essential for every trader because you can’t understand Forex without this research. Staying with the market for a long time will help you catch the actual market environment.

 

[ealpc]

Mine is the inside bar. Super super reliable for me.

I also agree with you.

 

[ernestonwus]

1. Bullish Engulfing Pattern: A bullish engulfing pattern occurs when a small bearish candlestick is followed by a large bullish candlestick that completely engulfs the previous candle. It suggests a reversal of the bearish trend and a potential bullish move.
2. Bearish Engulfing Pattern: A bearish engulfing pattern occurs when a small bullish candlestick is followed by a large bearish candlestick that completely engulfs the previous candle. It suggests a reversal of the bullish trend and a potential bearish move.
3. Doji Candlestick Pattern: A doji candlestick pattern forms when the opening and closing prices are the same, or very close to each other, creating a small or non-existent body with long wicks. It suggests indecision in the market and a potential reversal or continuation of the trend, depending on the context.

 

[cclaudiocg]

Candle patterns are very useful, but they need to be used in a major context. Using them alone can bring you bad results.

 

[Jefferson91]

You should conduct market research to better comprehend the candlestick pattern. Market research is necessary for every trader since you cannot comprehend forex without it. Remaining in the market for an extended period of time can allow you to better understand the current market climate.

 

[Ozofx]

To understand candlesticks pattern, you should do market research. Market research is essential for every trader because you can’t understand Forex without this research. Staying with the market for a long time will help you catch the actual market environment.

Please where do I learn this

 

[Kirankrithika]

The doji, considered one of the most important single candlestick patterns, may provide insight into market emotion.

When the starting and closing prices of a stock are the same, a doji is created.

 

[Yasmine]

I prefer Japanese candlesticks because it is more readable

 

[bottomdollar]

Mine is the inside bar. Super super reliable for me.

If you don't mind sharing, how do you use it?

 

[cjsabu]

PinBar , Star Patterns especially for reversal trading

 

[MadsF]

I would never just use patterns alone, you would have to combine with something else, as confirmation

 

[adil149]

1. Pin Bar
2. Engulfing Pattern
3. Doji

It's important to note that candlestick patterns alone should not be relied upon solely for making trading decisions. They should be used in conjunction with other technical analysis tools, such as trend lines, support and resistance levels, and other indicators, as part of a comprehensive trading strategy. Proper risk management and thorough analysis of market conditions are also essential for successful forex trading.

 

[Deam.Hender]

The hammer candlestick pattern is observed at the bottom of a downward trend and consists of a short body with a lengthy lower wick. A hammer indicates that, while there were selling forces during the day, significant purchasing pressure finally pulled the price back up. The body color varies, but green hammers signal a stronger bull market than red hammers.

 

[skrimon]

Inside bar and pin bar from my point of view. Doji can also be added here.