Learn the Strongest Reversal Candlestick Patterns

Hey traders,

In this educational article, we will discuss powerful reversal candlestick patterns that every trader must know.

Bullish Engulfing Candle
Bullish engulfing candle is one of my favorite ones.
It usually indicates the initiation of a bullish movement after a strong bearish wave.
The main element of this pattern is a relatively big body. Being bigger than the entire range of the previous (bearish) candle, it should completely "engulf" that.
Such a formation indicates the strength of the buyers and their willingness to push the price higher.

Bearish Engulfing Candle
The main element of this pattern is a relatively big body that is bigger than the entire range of the previous (bullish) candle.
Such a formation indicates the strength of the sellers and their willingness to push the price lower.
________________________

Bullish Inside Bar
Inside bar formation is a classic indecision pattern.
It usually forms after a strong bullish/bearish impulse and signifies a consolidation.
The pattern consists of 2 main elements:
mother's bar - a relatively strong bullish or bearish candle,
inside bars - the following candles that a trading within the range of the mother's bar.

The breakout of the range of the mother's bar may quite accurately confirm the reversal.
A bullish breakout of its range and a candle close above that usually initiates a strong bullish movement.

Bearish Inside Bar
A bearish breakout of the range of the mother's bar and a candle close below that usually initiates a strong bearish movement.
________________________

Doji Candle (Morning Star)
By a Doji we mean a candle that has the same opening and closing price.
Being formed after a strong bearish move, such a Doji will be called a Morning Star. It signifies the oversold condition of the market and the local weakness of sellers.
Such a formation may quite accurately indicate a coming bullish movement.

Doji Candle (Evening Star)
Being formed after a strong bullish move, such a Doji will be called an Evening Star. It signifies the overbought condition of the market and the local weakness of buyers.
Such a formation may quite accurately indicate a coming bearish movement.

I apply these formations for making predictions on financial markets every day. They perfectly work on Forex, Futures, Crypto markets and show their efficiency on various time frames.

❤️Please, support my work with like, thank you!❤️