The most accurate top reversal candlesticks based on historical price action and trader reliability:
Top reversal candlestick patterns signal potential trend reversals from an uptrend to a downtrend. Here are the most accurate top reversal candlesticks based on historical price action and trader reliability: 1. Bearish Engulfing - Structure:A large red candle completely engulfs the previous green candle. - Accuracy: High when appearing after a strong uptrend. - Confirmation:Next candle should close lower for confirmation. 2. Shooting Star - Structure:Small body at the bottom with a long upper wick (at least 2x the body). - Accuracy: High when it forms near resistance levels. - Confirmation: A red candle closing below the shooting star. 3. Evening Star - Structure:Three candles – a large green candle, a small-bodied candle (indecision), and a large red candle closing below the first. - Accuracy:Very high, especially on higher timeframes. - Confirmation:The red candle should close well below the midpoint of the fi...