Reversal Candlestick Patterns

Candlesticks are used to identify trading patterns that help technical analysts in setting up trades.

The 7 High Probability Reversal Candlestick Patterns are listed below. During the trending market you should be watching out for these reversal candlestick patterns.

A single candlestick can sometimes provide powerful signals.

Bullish Candles Bearish
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The Doji
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The Engulfing Patterns
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Piercing Line and Dark Cloud
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The Haramis
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Hammer & Shooting Star
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Spinning Tops
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Railway Track Patterns
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The location in which these candlesticks are formed is critical. If you spot a bullish reversal candlestick during an uptrend then the probability of a price increase will be high.

The opposite is also true i.e if you see a bearish reversal candlestick during an downtrend then what is the probability that price will go UP? Quite low! (This is trendline trading strategy setup).

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