share market 20 best candlestick patterns

 Welcome to my blog about the 20 best candlestick patterns in the share market. Candlestick charts are a popular tool used by traders to analyze price movements of stocks, commodities, currencies, and other assets. Each candlestick represents a single trading period and shows the opening, closing, high, and low prices for that period. By studying candlestick patterns, traders can gain insights into market sentiment and potential price movements. Here are the 20 best candlestick patterns to watch for:

Bullish engulfing pattern: This pattern occurs when a small red candle is followed by a larger green candle that engulfs the previous candle's body, indicating a potential bullish reversal.

Bearish engulfing pattern: The opposite of the bullish engulfing pattern, this pattern occurs when a small green candle is followed by a larger red candle that engulfs the previous candle's body, indicating a potential bearish reversal.

Hammer: This pattern has a small body and a long lower wick, indicating a potential bullish reversal after a downtrend.

Hanging man: The opposite of the hammer, this pattern has a small body and a long lower wick, indicating a potential bearish reversal after an uptrend.

Doji: This pattern occurs when the opening and closing prices are the same, indicating indecision in the market.

Spinning top: This pattern occurs when the opening and closing prices are close to each other and there is a long wick, indicating indecision in the market.

Shooting star: This pattern has a small body and a long upper wick, indicating a potential bearish reversal after an uptrend.

Inverted hammer: The opposite of the shooting star, this pattern has a small body and a long upper wick, indicating a potential bullish reversal after a downtrend.

Morning star: This pattern occurs when a long red candle is followed by a small doji or spinning top and then a long green candle, indicating a potential bullish reversal.

Evening star: The opposite of the morning star, this pattern occurs when a long green candle is followed by a small doji or spinning top and then a long red candle, indicating a potential bearish reversal.

Three white soldiers: This pattern occurs when three consecutive long green candles appear, indicating a strong bullish trend.

Three black crows: The opposite of the three white soldiers, this pattern occurs when three consecutive long red candles appear, indicating a strong bearish trend.

Bullish harami: This pattern occurs when a small red candle is followed by a smaller green candle that is inside the body of the previous candle, indicating a potential bullish reversal.

Bearish harami: The opposite of the bullish harami, this pattern occurs when a small green candle is followed by a smaller red candle that is inside the body of the previous candle, indicating a potential bearish reversal.

Piercing line: This pattern occurs when a long red candle is followed by a green candle that opens below the previous candle's low but closes above its midpoint, indicating a potential bullish reversal.

Dark cloud cover: The opposite of the piercing line, this pattern occurs when a long green candle is followed by a red candle that opens above the previous candle's high but closes below its midpoint, indicating a potential bearish reversal.

Bullish kicker: This pattern occurs when a large green candle appears after a period of consolidation, indicating a strong bullish trend.

Bearish kicker: The opposite of the bullish kicker, this pattern occurs when a large red candle appears after a period of consolidation, indicating a strong bear

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Tweezer bottom: This pattern occurs when two or more candles with lower wicks appear at the same price level, indicating a potential bullish reversal.

Tweezer top: The opposite of the tweezer bottom, this pattern occurs when two or more candles with upper wicks appear at the same price level, indicating a potential bearish reversal.

These are just some of the most common and reliable candlestick patterns in the share market. It's important to note that no single candlestick pattern is a guaranteed indicator of market direction or reversal, and traders should use these patterns in conjunction with other technical and fundamental analysis tools to make informed trading decisions.

In addition, traders should also consider the timeframe they are trading in, as candlestick patterns can vary in significance depending on whether they appear on a daily, weekly, or monthly chart.

Ultimately, successful trading requires a combination of knowledge, experience, and discipline, and candlestick patterns can be a valuable tool in a trader's toolkit. By studying and understanding these patterns, traders can gain a deeper understanding of market dynamics and potentially increase their profitability.

Thank you for reading my blog about the 20 best candlestick patterns in the share market. I hope you found this information helpful in your trading journey.