Some of the strongest candlestick patterns used by traders for spotting reversals or entries include:
- Engulfing Pattern (Bullish/Bearish) – A strong reversal signal when a large candle fully “engulfs” the previous one.
- Pin Bar (Hammer/Inverted Hammer / Shooting Star) – Shows rejection of a price level; great for identifying turning points.
- Doji – Signals indecision, especially powerful at support/resistance zones.
- Morning Star / Evening Star – A three-candle pattern showing strong trend reversals.
- Marubozu – A full-bodied candle showing strong momentum in one direction (no wicks).
These patterns become even stronger when they appear near key levels like support, resistance, trendlines, or after a strong trend. Always confirm with volume or indicators before acting.