Candle stick pattern

There are dozens of classic candlestick patterns, broadly grouped into single, dual, and triple candle formations like hammers, engulfing bars, and morning stars. While recognizing them helps spot potential reversals or continuations, remember they are not foolproof and work best when combined with context like support and resistance.

When trading with a prop firm, relying solely on pattern recognition can be risky if you ignore strict risk management and daily loss limits. A sudden market spike can invalidate a pattern instantly, potentially breaching your account limits. Always size your positions carefully and factor in news events.

How do you use candlestick patterns in your strategy? Share your approach below!