š Bearish Candlestick Patterns (Indicate a Potential Downtrend)
1ļøā£ Shooting Star
Small body at the bottom with a long upper wick.
Signals a potential reversal after an uptrend.
2ļøā£ Hanging Man
Small body at the top with a long lower wick.
Appears after an uptrend, warning of a bearish reversal.
3ļøā£ Inverted Hammer
Small body at the bottom with a long upper wick.
Often found at the end of a downtrend, signaling a potential reversal.
4ļøā£ Evening Star
A three-candlestick pattern with a large bullish candle, a small indecisive candle, and a bearish candle.
Strong indicator of a reversal from an uptrend to a downtrend.
5ļøā£ Doji Star
A Doji followed by a strong bearish candle.
Indicates indecision before a potential downtrend.
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š Bullish Candlestick Patterns (Indicate a Potential Uptrend)
6ļøā£ Marubozu
Full-bodied candle with no wicks.
A green Marubozu suggests strong bullish momentum.
A red Marubozu suggests strong bearish momentum.
7ļøā£ Long-Legged Doji
Long upper and lower wicks with a small or nonexistent body.
Signals indecision in the market.
8ļøā£ Bullish Harami
A small green candle within the body of a previous larger red candle.
Signals a potential reversal from a downtrend to an uptrend.
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š Neutral Candlestick Patterns (Indicate Market Indecision)
9ļøā£ Doji
The open and close prices are nearly the same.
Signals uncertainty; further confirmation is needed for a trend decision.
š Spinning Top
Small body with long upper and lower wicks.
Suggests market indecision, often seen in consolidations.
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š Key Takeaways
ā Single candlestick patterns provide early signals of trend reversals.
ā Confirmation with volume and other indicators improves reliability.
ā Combining patterns with support/resistance strengthens predictions.
HERE is the candles pattern image
