Candle Patterns

Practical Trading Tips Using Candle Patterns

Trade only with trend confirmation.
A reversal pattern against a strong trend may fail.

Look for patterns at key levels.
Support, resistance, supply-demand zones enhance accuracy.

Use stop-loss placement wisely.
For example, below the wick of a Hammer or above the wick of a Shooting Star.

Avoid trading every pattern blindly.
Candle patterns tell probabilities, not certainties.

Wait for candle close.
Incomplete candles may give false signals.

Use volume and structure to confirm.
Patterns with volume are more reliable.