Candle Patterns Knowledge

Candlestick Patterns + Indicators

Candles work superbly with key indicators:

Moving Averages (20/50/200)

Hammer above 50 EMA → powerful retracement

Bearish Engulfing below 20 EMA → continuation

RSI Divergence

Bullish pattern + RSI divergence = rock-solid reversal

Bearish pattern + bearish divergence = reliable entry

Bollinger Bands

Hammer at lower band

Shooting star at upper band