Avoid costly mistakes and trade like a pro by recognizing these key chart patternsš
š¢ Bullish Patterns (Signal Potential Uptrend Reversals)
1. Bullish Engulfing ā A strong green candle fully engulfs the prior red candle, showing buyer dominance.
2. Bullish Tweezers ā Twin candles with matching lows, pointing to a solid support zone and possible reversal.
3. Morning Star ā A three-candle formation signaling a transition from bearish to bullish momentum.
4. Hammer ā A candle with a small body and long lower wick, showing buyers stepping in after a drop.
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5. Inverted Hammer ā Similar to the hammer, but with a long upper wickāsignals a potential bounce after a downtrend.
6. Three Inside Up ā Red candle followed by two green ones confirming a bullish reversal.
7. Three White Soldiers ā Three consecutive green candles, each closing higherābulls in full control.
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š“ Bearish Patterns (Signal Potential Downtrend Reversals)
8. Bearish Engulfing ā A red candle that completely wraps around the previous green oneāwarning of heavy selling.
9. Bearish Tweezers ā Dual candles with identical highs, suggesting strong resistance.
10. Evening Star ā A three-candle pattern that flips bullish momentum into a bearish turn.
11. Shooting Star ā Small body, long upper wickāindicates buyers lost strength.
12. Three Black Crows ā Three red candles in a row, each closing lowerābearish momentum confirmed.
13. Three Inside Down ā A green candle followed by two redsāclear sign of reversal to the downside.
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āŖ Neutral / Indecision Patterns
14. Spinning Tops ā Small bodies, long wicks both waysāmarket is unsure, caution advised.
15. Doji ā Open and close are nearly identicalāa clear sign of market hesitation or a possible turning point.
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Master these patterns to gain an edge in the market and make more confident trades.
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