Top 10 Candlestick pattern that you use to earn big bucks

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Hello, How are you?

Well, today…in this article, I will share with you the easiest and the most reliable candlestick patterns that you can use while trading in Olymp Trade.

Important Points to remember

Before, we continue. I want you to note down a few important points like:

1. Red Candle also known as BEAR: This indicates the buyer price
 2. Green Candle also known as BULLThis indicates the Seller Price 

3. Each Candles represents a fight between BULL and Bear. they are either trying to push the price or pull the price.

What is Bullish Candlestick?
The common question that I have been asked is How to find Which candlestick pattern is bullish?  
Well, It’s damn very easy. To find Which Candlestick pattern is Bullish? you need to check its characteristics like:
1. Green Long Body 2. Short Wick
See the image below:
Bullish CandleStick

Bullish CandleStick 

Price Action:
When you have identified the bullish candlestick. It is always recommended to go for BUY Trade.
However, If the Price is close to resistance go for a short time BUY trade. as trend reversal is possible.
What is Bearish Candlestick?

Bearish Candlestick
Bearish Candlestick


The next most important Candlestick pattern is Bearish Candlestick.
To find Which Candlestick pattern is Bearish? you need to check its characteristics like:

1.Long Red Body 3. Short Wick



How to Use Bullish Candlestick in Trading?

When you have identified the bearish candlestick. It is always recommended to go for SELL Trade.
However, If the Price is close to the support level go for a short time  SELL trade since the price can go UP very soon.
What is Marubozu Candlestick Pattern?

Marubozu is one of my favourite candlestick patterns.
They help a trader in identifying the trend of the market.

There are two types of Marubozu:

1.Bullish Marubozu

2.Bearish Marubozu

Now, What is Bullish Marubozu?
Bullish Marubozu signals that the Buyers is in complete control and Bulls are dominating the market.

You can easily identify it. via its characteristics.
1. Long green Body 2. Small Wick

Bullish Marubozu




When you have easily identified Bullish Marubozu. It is always recommended to go for BUY Trade.
However, If the Price is close to resistance go for a short time trade.
What is Bearish Marubozu?
Bearish Marubozu signals that the Sellers are in complete control and Bears are dominating the market.
Similarly, You can easily identify it. via its characteristics.
1. Long RED Body 2. Small Wick

Bearish Marubozu

How to Use Bearish Candlestick in Trading?

When you HAVE easily identified Bearish Marubozu. It is always recommended to go for SELL Trade.
However, If the Price is close to support go for a short time SELL trade.

 Doji Candlestick Pattern

Doji Candlestick

What is Doji Candlestick?


The next most important pattern that you can use in trading is the Doji Candlestick pattern. 

This candlestick pattern basically signifies the trend reversal in the market.

Doji Candlestick Types:
There are basically three types of Doji Candlestick they are:
Doji Candlestick

Doji Candlestick

1. Coromon Doji Candlestick Pattern 2. GraveStone Candlestick Pattern 3.Dragonfly Candlestick pattern (See Fig Below)

Doji is a very important candlestick pattern and is also known as Trend Killer.
How to Use Doji Candlestick?

Suppose, there is a continuous green trend in the market and if the Doji appears this indicates the green trend can end soon.

Wait for red candles to appear and then go for SELL Trade.


Spinning Top Candlestick 

Spinning Top Candlestick Pattern


What is the Spinning Top Candlestick Pattern?


Next, the most important pattern is the Spinning Top Candlestick Pattern.

Spinning top candlestick pattern is just like a spinning Top in Hindi we call it Lattu. 🙂 you all must have played with it at least once in your life.

There is two types of Spinning Top Candlestick Patterns.

1. Bearish Spinning Top 2. Bullish Spinning Top 


Key points:

1. Long Wick 2. Small Body 3. Trend Reversal Possible.

How to use Spinning Top Candlestick Pattern?

Suppose, we see a continuous green trend and Bullish Spinning Top appears this indicates the green trend can end soon.

So, later we can go for sell Trade.

Similarly, Suppose, we see a continuous red trend and Bearish Spinning Top appears this indicates the red trend can end soon.

So, later we can go for buy Trade.



Hammer Candlestick Pattern 

Hammer Candlestick Pattern 

***Correction: In Bearish there will be Red

Hammer Candlestick Pattern is said to be the most aggressive pattern. since it Indicates a wild fight between Buyer & Seller.



This pattern can be easily identified as it looks just like a Big Hammer in Hindi we call it a हथौड़ा.

There are two types of Hammer Candlestick Patterns:

1. Bullish Hammer Candlestick or Green Hammer Candlestick Pattern 2. Bearish Hammer Candlestick or Red Hammer Candlestick Pattern

Hammer Candlestick Pattern can be identified with their structure just like hammer However  it’s, Characteristics are:

1. Long Wick, Small Body
2. Occurs after a price decline
3. Indicates a wild fight between Buyer & Seller.
4. Trend Reversal possible if the previous trend loses the fight.
How to use Hammer Candlestick Pattern?
Suppose, Buyer or Bull is in complete control and a Hammer candlestick appears then it signals. the end of the trend can happen soon. So, go for SELL Trade.
Inverted Hammer | Shooting Star Candlestick Pattern

Inverted Hammer OR Shooting Star

Meaning of Inverted Hammer Candlestick Pattern | Shooting Star Candlestick

Inverted Hammer also known as Shooting Star Candlestick Pattern is the most important candlestick pattern this also means trend reversal.

This can be easily identified by its pattern as it looks like an Inverted Hammer or Ulta हथौड़ा.

This pattern is really easy to identify.
Given below are its Characteristics:
1. Comes after the downtrend
2. Signals Price could Go UP
3. Small Body, Long Wick.
Harami Candlestick Pattern

Harami Candlestick 


Harami means pregnant and it’s named Harami Candlestick because it looks like a pregnant Candle.
Harami Candlestick Pattern Types:
There are two types of Harami Candlestick pattern:
1. Bullish Harami Candlestick 2. Bearish Candlestick
Bullish Harami Key points:
1. 1st candle is bigger and bearish, near a bottom, after a downtrend.
2. 2nd candle has a small body contained within, the 1st Candle.
How to use Bullish Harami?
When Bullish Harami Candle appears it says most probably, the market will change from Bearish to Bullish. 
Therefore, go for BUY Trade.
Bearish Harami Candlestick

Similarly, Bearish is just the opposite of Bullish Harami.

Bearish Harami Key points:
1. 1st candle is bigger and bullish, near a bottom, after an Up Trend.
2. 2nd candle has a small body contained within, the 1st Candle.
How to use Bearish Harami?

When Bearish Harami Candle appears it says most probably, the market will change from Bullish to Bearish. 
Therefore, go for SELL Trade.
Winding Up: 

So, this is the end of this article. I hope you must have found this article helpful.
I have tried my best to cover the best Candlestick patterns that you can use.
Still, You want to me explain some more. please. do comment below.

This article was all about Candlestick Pattern, Hammer Candlestick PatternDoji Candlestick Pattern, Shooting Star Candlestick Pattern, Morning Star Candlestick Pattern, Inverted Hammer Candlestick Pattern, Bullish  Candlestick Pattern,  Bearish Candlestick Pattern, Harami Candlestick Pattern, Spinning Top Candlestick Pattern, Evening Star Candlestick Pattern, Marubozu Candlestick Pattern.




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