Bullish Hammer:

This pattern forms after a downtrend and is characterized by a small body and a long lower shadow, which should be at least twice the length of the body. The small body indicates that the opening and closing prices were close together, while the long lower shadow shows that although sellers initially drove the price down, buyers eventually pushed it back up. This suggests a potential reversal of the downtrend.

Inverted Hammer:

Similar to the bullish hammer, the inverted hammer also appears after a downtrend. However, it has a long upper shadow and a small body at the bottom. The long upper shadow indicates that buyers tried to push the price higher, but sellers brought it back down, though not below the opening price. This pattern also signals a potential bullish reversal, especially when followed by a bullish candle.

Bullish Engulfing:

This two-candlestick pattern occurs when a small bearish (red) candle is followed by a larger bullish (green) candle that completely engulfs the previous candle's body. This pattern indicates strong buying pressure and a likely uptrend.

Morning Star:

This is a three-candlestick pattern that signals the end of a downtrend. It begins with a bearish candle, followed by a small-bodied candle (either bullish or bearish) that gaps down from the first candle. The third candle is a strong bullish candle that closes well into the body of the first candle. This pattern suggests that the selling pressure is weakening and buyers are taking control.

Piercing Line:

This two-candlestick pattern occurs in a downtrend. The first candle is bearish, and the second is bullish, opening lower than the previous close but closing more than halfway up the body of the first candle. This pattern indicates that buyers are starting to outnumber sellers, potentially reversing the downtrend.

Three White Soldiers:

This pattern consists of three consecutive long bullish candles, each closing higher than the previous one. It strongly indicates a bullish trend, as it shows consistent buying pressure over three periods.

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