š BULLISH & BEARISH CANDLESTICK PATTERNS EVERY TRADER MUST KNOW!
Candlestick patterns are powerful indicators that help traders predict potential price reversals and continuations. Hereās a list of key bullish and bearish patterns you should master:
š„ BULLISH CANDLESTICK PATTERNS
Bullish Engulfing ā A strong reversal signal when a bullish candle completely engulfs the previous bearish candle.
Hammer ā Indicates potential bottoming and reversal when found after a downtrend.
Morning Star ā A 3-candle pattern signaling a bullish reversal.
Piercing Pattern ā A 2-candle bullish reversal pattern where the second candle closes above the midpoint of the first.
Marubozu ā A solid candle with no wicks, showing strong market sentiment.
Three White Soldiers ā (Likely meant by "Three White Shoulder") Three strong consecutive bullish candles, confirming a trend reversal.
Bullish Harami ā A smaller bullish candle inside a preceding bearish candle, suggesting reversal.
Inverted Hammer ā A reversal signal, typically after a downtrend.
Tweezer Bottom ā Two candles with equal lows indicating support and a potential bullish reversal.
ā” DOJI CANDLE & TYPES
Doji Candle ā Opens and closes at the same price, indicating indecision.
Types of Doji:
Long-Legged Doji ā Shows high volatility but indecision.
Morning Doji Star ā A bullish reversal pattern.
Evening Doji Star ā A bearish reversal signal.
Abandoned Baby Top ā Strong reversal, often bearish.
šØ BEARISH CANDLESTICK PATTERNS
Shooting Star ā A bearish reversal sign when found after an uptrend.
Hanging Man ā Indicates a potential bearish reversal.
Evening Doji Star ā Signals a downtrend after an uptrend.
DYOR No Financial advice!
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