Master These Candlestick Patterns to Trade Like a Pro on Binance!
Spot trend reversals. Read market sentiment. Boost your accuracy.
Candlestick patterns are a must-know for traders. Here are 5 powerful ones to help sharpen your edge:
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1. Engulfing Patterns â Momentum Reversal Signals
Key Trait: The current candleâs body completely engulfs the previous one.
Bullish Engulfing (đ): Appears after a downtrend. A small red candle followed by a larger green one shows strong buying pressure and a potential reversal.
Bearish Engulfing (đ): Forms after an uptrend. A small green candle followed by a larger red one signals increasing selling pressure.
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2. Consecutive Engulfings â Order Blocks
Key Trait: Multiple engulfing candles = institutional presence.
Bullish Order Block: Several green engulfings suggest strong buy zones (support).
Bearish Order Block: Repeated red engulfings hint at major resistance.
Pro Tip: These zones often act as high-probability S/R levels!
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3. Doji Candles â Signs of Market Indecision
Key Trait: Open and close prices are nearly equal (tiny or no body).
Star Doji â: Neutral, wait for confirmation.
Dragonfly Doji đ: Long lower wick = bullish reversal signal.
Gravestone Doji â°ď¸: Long upper wick = bearish reversal sign.
Spinning Tops đ: Small bodies with long wicks = hesitation.
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4. Long-Tailed Candles â Rejection & Reversal Warnings
Key Trait: Long wicks = price rejection.
Hammer đ¨: Long lower wick after a downtrend = bullish sign.
Inverted Hammer âŤ: Potential bullish setupârequires confirmation.
Shooting Star đ : Long upper wick after uptrend = bearish pressure.
Hanging Man â ď¸: Same shape as hammer but post-uptrendâwatch out!
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5. Tweezer Tops & Bottoms â Dual Candle Confirmation
Bullish Tweezer âď¸: Matching lows after a downtrend = potential bounce.
Bearish Tweezer đ: Matching highs after an uptrend = possible drop.
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Bonus Alpha
Higher timeframes = more reliable patterns
Daily, weekly, or monthly candles carry stronger weight than intraday setups.
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Final Thoughts
Mastering candlestick patterns can help you:
Identify trend shifts early
Enter trades with confidence
Manage risk more effectively
Want more pro-level insights? Follow for alpha drops, share with your trading crew, and let us know your favorite pattern in the comments!
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