which pattern of candlesticks give promising results?

<p>Candlestick patterns aren't as reliable as they seem at first glance. However, using them doesn't mean you can't build great strategies. Be sure to backtest, so that you can be certain you have the odds in your favor.&nbsp;</p>

<p id="isPasted">There is a very useful App called oddly Japanese Candlestick Patterns, which provides a definition of candles and their characteristics as well as pattern recognition.</p><p>There is no guarantee that a pattern will or will not bear out in execution but tweezer tops or tweezer bottoms indicate a fall or rise respectively.</p><p class="forexqa-img-container" style="margin-top:0cm;margin-right:0cm;margin-bottom:12.0pt;margin-left:0cm;line-height:normal;font-size:15px;"><img width="260" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1669028875043.jpeg" alt="Chart Description automatically generated" class="fr-fic fr-dii fr-draggable forexqa-img" style="width: 384px;"></p><p class="forexqa-img-container" style="margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:normal;font-size:15px;"><img width="256" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1669028875058.png" alt="Diagram Description automatically generated" class="fr-fic fr-dii fr-draggable forexqa-img fr-fil" style="width: 357px;"></p><p>When it comes to placing trades this is one of the clearest indications of a trend reversal.</p>

<p>You won't find success with head &amp; shoulders patterns, candlestick patterns, etc. Seminars and penny stock gurus abound here. A price action-making wave pattern is the most obvious pattern in day trading (and swing trading) and is always present. As price does what it has always done, there are no straight lines on a chart. The prices of stocks, futures, etc. are not random. The Institutional traders who invest trillions of dollars every day react to supply and demand. Find out how much money hedge funds manage. It's over $3 trillion. Retail traders are always chasing prices and love breakouts. The pros are catching turns. Some are better at catching the bottom than others, but it can be done. Momentum shifts from down to up, and from up to down, can be timed in many ways. Unfortunately, no seminar, book, or YouTube video teaches this. To find a mentor who knows how Institutional money trades and you will have a good chance of joining the 10% group.</p>

<p id="isPasted">There is no single pattern of candlesticks that gives promising results all the time, as market conditions can vary and no trading strategy is 100% foolproof. However, certain candlestick patterns have been found to be useful in identifying potential trading opportunities and predicting market trends. Here are a few examples:</p><ol><li>Hammer and Hanging Man: The hammer and hanging man patterns are both reversal patterns that occur at the end of a downtrend. A hammer is a bullish pattern, while a hanging man is a bearish pattern. These patterns occur when the price opens lower, trades higher, and then closes near the opening price. They can indicate a potential reversal in the direction of the trend.</li><li>Bullish and Bearish Engulfing: The bullish and bearish engulfing patterns are also reversal patterns that occur at the end of a trend. A bullish engulfing pattern occurs when a small bearish candle is followed by a larger bullish candle, while a bearish engulfing pattern occurs when a small bullish candle is followed by a larger bearish candle. These patterns can indicate a potential change in the trend direction.</li><li>Doji: A doji pattern occurs when the opening and closing prices are close to each other, and the candle has a small or nonexistent body. This pattern can indicate indecision in the market and can signal a potential reversal or continuation of the trend, depending on the context in which it occurs.</li><li>Morning Star and Evening Star: The morning star and evening star patterns are both reversal patterns that occur at the end of a trend. A morning star is a bullish pattern, while an evening star is a bearish pattern. These patterns occur when a small candle is followed by a larger candle in the opposite direction, and then a third candle in the original direction. They can indicate a potential reversal in the direction of the trend.</li></ol><p><br></p><p>It's important to note that these patterns should not be used in isolation, and traders should also consider other technical and fundamental factors before making trading decisions. Additionally, past performance is not necessarily indicative of future results, and traders should always use proper risk management techniques to protect their capital.</p>

<p id="isPasted">There are several candlestick patterns that are commonly used by traders to identify potential market trends and price movements. Some of the most promising candlestick patterns include:</p><ol><li>Bullish engulfing pattern: A bullish engulfing pattern occurs when a small bearish candlestick is followed by a larger bullish candlestick, indicating a potential reversal of a downtrend.</li><li>Bearish engulfing pattern: A bearish engulfing pattern occurs when a small bullish candlestick is followed by a larger bearish candlestick, indicating a potential reversal of an uptrend.</li><li>Hammer pattern: A hammer pattern occurs when the price opens lower than the previous day's close, but then rallies to close near or above the opening price, indicating a potential bullish reversal.</li><li>Shooting star pattern: A shooting star pattern occurs when the price opens higher than the previous day's close, but then falls to close near or below the opening price, indicating a potential bearish reversal.</li><li>Doji pattern: A Doji pattern occurs when the open and close prices are the same or very close to each other, indicating indecision in the market and a potential reversal.</li></ol><p><br></p><p>It's important to note that no single candlestick pattern can guarantee a profitable trade, and traders should always use candlestick patterns in conjunction with other technical and fundamental analysis techniques to make informed trading decisions.</p>