Candlestick patterns are a popular tool used by traders to identify potential market trends. By analyzing the shape and color of candlesticks, traders can gain insight into the market sentiment and make more informed trading decisions. One of the most popular patterns is the Bullish engulfing pattern, which signals a potential bullish reversal. This pattern occurs when a small red candlestick is followed by a large green candlestick that completely engulfs the previous candlestick. On the other hand, the Bearish engulfing pattern is the opposite of the Bullish engulfing pattern, where a small green candlestick is followed by a large red candlestick that completely engulfs the previous candlestick. This pattern is often viewed as a signal of a potential bearish reversal. Another pattern to watch out for is the Hammer pattern. This pattern occurs when the price opens near the high, drops significantly during the day, but then rallies to close near the open, which is often seen as a signal of a potential bullish reversal. Alternatively, the Shooting star pattern is the opposite of the Hammer pattern, where the price opens near the low, rallies significantly during the day, but then drops to close near the open. This pattern is often viewed as a signal of a potential bearish reversal. Lastly, the Doji pattern occurs when the candlestick has a small body with upper and lower shadows of equal length. This pattern is often seen as a signal of indecision in the market and can potentially signal a trend reversal. If you're interested in turning your trading ideas into algo bots, you can contact us at +91-8448735946. We'd love to hear from you! And don't forget to comment down below your favorite candlestick pattern or if you want a candlestick pattern algo.