1. Hammer
The Hammer is a bullish reversal pattern, usually found at the bottom of a downtrend. It has a small body with a long lower wick, indicating that sellers pushed the price down, but buyers regained control by the close. It's a symbol of resilience and a possible turning point.
---
2. Inverted Hammer
Also appearing after a downtrend, the Inverted Hammer has a small body with a long upper wick. While it reflects early attempts by buyers to push the price up, its true potential lies in the confirmation that follows. It whispers the possibility of a bullish reversal.
---
3. Dragonfly Doji
This unique pattern forms when the open, high, and close prices are nearly identical, but the session has a long lower shadow. It suggests strong buying pressure after a decline and can be a powerful signal for a reversal if confirmed by subsequent candles.
---
4. Bullish Spinning Top
The Bullish Spinning Top shows indecision in the market, characterized by a small body and shadows on both sides. Though the price fluctuated during the session, neither bulls nor bears took full control. When seen after a downtrend, it can be a precursor to a bullish move.
---
5. Hanging Man
The Hanging Man is a bearish signal, often found at the top of an uptrend. With a small body and long lower shadow, it indicates that selling pressure increased—even if the price closed higher. It serves as a warning that the trend might be losing steam.
---
6. Shooting Star
A classic sign of bearish reversal, the Shooting Star features a small body near the session’s low with a long upper shadow. Found after an uptrend, it shows that buyers tried to push prices higher but failed to sustain the momentum, giving way to bears.
---
7. Gravestone Doji
Resembling a gravestone for the bullish trend, this doji has a long upper shadow with little to no lower shadow. It signals rejection of higher prices and a potential reversal, especially at market tops. Traders watch this one closely for signs of fading optimism.
---
8. Bearish Spinning Top
Similar to its bullish counterpart, the Bearish Spinning Top reflects market indecision—but when seen after a rally, it suggests a weakening of bullish momentum. The tug-of-war between buyers and sellers may lead to a bearish shift.
---
Conclusion: Single candlestick patterns are small but mighty tools in technical analysis. While they may appear simple, they offer deep insights into market sentiment and potential price direction. When combined with volume, support/resistance levels, and confirmation candles, these patterns can significantly enhance a trader's decision-making ability.
Here is the candles pattern image 👇
IF you find the post helpful then please like share and comment on it thankyou ♥️
#BinanceHODLerBABY #STAYSAFU #BinanceAlphaAlert #CryptoTariffDrop #TrumpTariffs