📉 Bearish Candlestick Patterns (Indicate a Potential Downtrend)
1️⃣ Shooting Star – A small body at the bottom with a long upper wick, signaling a potential reversal after an uptrend.
2️⃣ Hanging Man – A small body at the top with a long lower wick, appearing after an uptrend and warning of a bearish reversal.
3️⃣ Inverted Hammer – A small body at the bottom with a long upper wick, often signaling a reversal at the end of a downtrend.
4️⃣ Evening Star – A three-candle pattern: a large bullish candle, a small indecisive candle, and a bearish candle, indicating a strong reversal from uptrend to downtrend.
5️⃣ Doji Star – A Doji followed by a strong bearish candle, signaling indecision before a possible downtrend.
📈 Bullish Candlestick Patterns (Indicate a Potential Uptrend)
6️⃣ Marubozu – A full-bodied candle with no wicks; a green Marubozu signals strong bullish momentum, while a red one indicates strong bearish momentum.
7️⃣ Long-Legged Doji – A candle with long upper and lower wicks and a small or nonexistent body, representing market indecision.
8️⃣ Bullish Harami – A small green candle within the body of a larger red candle, suggesting a potential reversal from a downtrend to an uptrend.
📊 Neutral Candlestick Patterns (Indicate Market Indecision)
9️⃣ Doji – The open and close prices are nearly the same, signaling uncertainty and the need for confirmation.
🔟 Spinning Top – A small body with long wicks, often appearing during market consolidation and indicating indecision.
🌟 Key Takeaways
✅ Single candlestick patterns can provide early signals of trend reversals.
✅ Confirmation with volume and other indicators improves accuracy.
✅ Combining patterns with support/resistance levels strengthens predictions.
Check out the candlestick pattern image below 👇 If you found this post helpful, don’t forget to like, share, and comment! Thank you ♥️
#BSCUserExperiences #GoldPricesSoar #BSCTrendingCoins #MarketPullback #VoteToListOnBinance