Thread by @Mohitsharma202

A Complete Master Thread on Top 10 Candlestick Patterns that

Change My Swing Trading Setup Completely

Master Thread...

1. Hammer:-

✅ The hammer candlestick pattern is formed of a short body with a long lower wick

✅ Found at the bottom of a downward trend

✅ A hammer shows there were selling pressures during the day & ultimately a strong buying pressure Come Back

2. Inverse hammer:-

✅ A similarly bullish pattern is the inverted hammer

✅ The only difference is that the upper wick is long, while the lower wick is short

✅ The inverse hammer suggests that buyers will soon have control of the market

3. Bullish engulfing:-

✅ The bullish engulfing pattern is formed of two candlesticks

✅ The first candle is a short red body that is completely engulfed by a larger green candle

✅ This candlestick formation is a bullish signal

4. Morning star:-

✅ It is a three-stick pattern: one short-bodied candle between a long red and a long green

✅Traditionally, the ‘star’ will have no overlap with the longer bodies, as the market gaps both open and close

✅ It signals that a bull market is on the horizon

5. Three White Soldiers:

✅The three white soldiers pattern occurs over three day

✅ It consists of consecutive long green candles with a small wick

✅Open and close progressively higher than the previous day & it's a very strong bullish signal that occurs after a downtrend

6. Shooting Star:-

✅ The shooting star is the same shape as the inverted hammer but formed in an uptrend

✅ It has a small lower body and a long upper wick

✅ After an Uptrend, this is a very dangerous pattern that indicates downfall

7. Hanging Man:-

✅ The hanging man is the bearish equivalent of a hammer

✅ It has the same shape but forms at the end of an uptrend

✅The large sell-off is often seen as an indication that the bulls are losing control of the market

8. Bearish Engulfing:-

✅ A bearish engulfing pattern occurs at the end of an uptrend

✅ The first candle has a small green body that is engulfed by a subsequent long red candle

✅ The lower the second candle goes, the more significant the trend is likely to be

9. Evening Star:-

✅ The evening star is a three-candlestick pattern that is the equivalent of the bullish morning star

✅ It is formed of a short candle sandwiched between a long green candle and a large red candlestick

✅ It indicates the reversal of an uptrend

10. Three Black Crows:-

✅ The three black crows candlestick pattern comprises three consecutive long red candles with short or non-existent wicks

✅ Each session opens at a similar price to the previous day, but selling pressures push the price lower and lower

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