PART 3 : Candlestick Pattern

Hello Traders, in this post I will be talking about our entry signal which we will use in our strategy.
Most of us already know about candlestick pattern but we don’t apply in proper manner. Firstly, we should use candlestick pattern in Support and Resistance or Trendlines that’s where it provides good entry point. Secondly, size of candle is important compared to previous candles because small size candlestick pattern is having less strength compared to big size candlestick pattern.

How to read candlestick without Memorizing.


Size of Candlestick



Bullish Candlestick Pattern

Hammer



Bullish Engulfing




Piercing Pattern



Morning Star



Bearish Candlestick Pattern

Shooting Star



Bearish Engulfing



Dark Cloud Cover



Evening Star