Want to make quick, consistent profits? Mastering 15-minute candlestick patterns is a great way to start! These patterns help you spot short-term price movements and earn $50 or more per day. Letâs break it down:
Best Candlestick Patterns to Watch:
Engulfing Patterns
Bullish Engulfing: Big green candle covers a red one, signaling a price rise.
Bearish Engulfing: Large red candle overtakes a green one, pointing to a drop.
Morning Star & Evening Star
Morning Star: Forms after a downtrend, suggesting prices will rise.
Evening Star: Appears at the end of an uptrend, signaling a fall.
Doji Patterns
Dragonfly Doji: Possible price rise.
Gravestone Doji: Possible price drop.
Three Inside & Outside Patterns
Three Inside: Signals a trend reversal.
Three Outside: Confirms price breakout.
Tips for Hitting $50 Daily:
Trade During Busy Hours: Focus on market open times for more price action.
Set Tight Stop-Losses: Keep losses small and lock in profits quickly.
Combine with Indicators: Use tools like RSI to confirm your trades.
Practice Makes Perfect: Use a demo account to refine your skills.
By mastering these patterns, you'll be well on your way to earning $50 or more per day!
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