Learn these candles and then you'll never face loss ever.
Candlestick patterns help traders identify potential price movements and decide when to buy or sell. --- Bullish Candlestick Patterns (Buying Signals) These patterns suggest a possible price increase and indicate a buying opportunity. 1. Strong Bullish Candle A big green candle that completely covers the previous red candle. Shows strong buying momentum and possible trend reversal. 2. Hammer A small candle body with a long lower wick. Appears after a downward trend, signaling a possible price recovery. 3. Morning Star Doji A three-candle pattern: one red candle, a small Doji in the middle, followed by a big green candle. Indicates a shift from a downward trend to an upward trend. 4. Rising Sun A red candle followed by a strong green candle that closes above the middle of the red candle. Suggests increasing buying strength and a potential price rise. --- Bearish Candlestick Patterns (Selling Signals) These patterns indicate a potential price drop and signal a selling opportunity. 1. Strong Bearish Candle A large red candle that fully covers the previous green candle. Suggests strong selling pressure and a trend reversal. 2. Dark Cloud Formation A red candle that opens higher than the previous green candle but closes below its middle point. Signals a possible bearish reversal. 3. Shooting Star A small candle body with a long upper wick. Appears after an upward trend, showing weak buying strength. 4. Hanging Man A small candle body with a long lower wick, appearing at the top of an uptrend. Suggests a possible price drop. Key Insights: Buying signals emerge when certain bullish candlestick patterns indicate strong upward momentum. Selling signals occur when bearish patterns suggest a potential downward movement. For greater accuracy, always validate signals using volume trends and market analysis.
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