Mastering Candlestick Patterns for better trades!E-mini Nasdaq-100 FuturesCME_MINI_DL:NQ1!SmartSignalssCandlestick patterns are a powerful tool for identifying market sentiment and potential reversals. Let's break down some key single and double candlestick formations seen in this chart: 🕯️Single Candlestick Patterns: - Doji – Represents indecision in the market, signaling a potential reversal. - Inverted Hammer – A bullish reversal pattern after a downtrend, indicating buyers are stepping in. - Long-Legged Doji – Suggests market uncertainty; watch for confirmation before taking a position. - Bearish Closing Marubozu – A strong bearish signal showing sellers' dominance, with no upper wick. - Bullish Opening Marubozu – A strong bullish candle with no lower wick, signaling a potential uptrend. 🕯️Double Candlestick Patterns: - Bullish Engulfing – A strong bullish reversal pattern where the green candle fully engulfs the previous red candle, signaling buying pressure. - Bullish Harami – A potential trend reversal where a small green candle is "inside" the previous large red candle, indicating a slowdown in selling. - Cross Doji – Suggests hesitation between buyers and sellers, often appearing before a reversal. How to Use Them in Trading? ✔️ Combine candlestick patterns with indicators like RSI, MACD, or Moving Averages for stronger confirmations. ✔️ Look for patterns near key support and resistance levels to increase reliability. ✔️ Always wait for confirmation before entering a trade!