๐ BULLISH & BEARISH CANDLESTICK PATTERNS EVERY TRADER MUST KNOW!
Candlestick patterns are powerful indicators that help traders predict potential price reversals and continuations. Hereโs a list of key bullish and bearish patterns you should master:
๐ฅ BULLISH CANDLESTICK PATTERNS
Bullish Engulfing โ A strong reversal signal when a bullish candle completely engulfs the previous bearish candle.
Hammer โ Indicates potential bottoming and reversal when found after a downtrend.
Morning Star โ A 3-candle pattern signaling a bullish reversal.
Piercing Pattern โ A 2-candle bullish reversal pattern where the second candle closes above the midpoint of the first.
Marubozu โ A solid candle with no wicks, showing strong market sentiment.
Three White Soldiers โ (Likely meant by "Three White Shoulder") Three strong consecutive bullish candles, confirming a trend reversal.
Bullish Harami โ A smaller bullish candle inside a preceding bearish candle, suggesting reversal.
Inverted Hammer โ A reversal signal, typically after a downtrend.
Tweezer Bottom โ Two candles with equal lows indicating support and a potential bullish reversal.
โก DOJI CANDLE & TYPES
Doji Candle โ Opens and closes at the same price, indicating indecision.
Types of Doji:
Long-Legged Doji โ Shows high volatility but indecision.
Morning Doji Star โ A bullish reversal pattern.
Evening Doji Star โ A bearish reversal signal.
Abandoned Baby Top โ Strong reversal, often bearish.
๐จ BEARISH CANDLESTICK PATTERNS
Shooting Star โ A bearish reversal sign when found after an uptrend.
Hanging Man โ Indicates a potential bearish reversal.
Evening Doji Star โ Signals a downtrend after an uptrend.
DYOR No Financial advice!
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