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๐จ MASTER THESE CANDLESTICK PATTERNS TO AVOID TRADING LOSSES! ๐ฅ
๐ Candlestick Basics:
A candlestick shows market movement using:
Body: OpenโClose range
Wick: HighโLow range
Color:
Green = Bullish (Close > Open)
Red = Bearish (Close < Open)
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๐ Bullish Patterns (Price May Rise)
Single Candle
Hammer โ Long lower wick, bullish reversal
Inverted Hammer โ Long upper wick, reversal at bottom
Dragonfly Doji โ Long lower wick, strong buying
Spinning Top (Bullish) โ Indecision with bullish tilt
Double/Triple Candles
Bullish Engulfing โ Green swallows red
Piercing Line โ Green closes above redโs midpoint
Morning Star โ Red, small, then big green candle
Three White Soldiers โ 3 strong green candles
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๐ Bearish Patterns (Price May Fall)
Single Candle
Hanging Man โ Long lower wick at top of uptrend
Shooting Star โ Long upper wick, reversal sign
Gravestone Doji โ Long upper wick, selling pressure
Spinning Top (Bearish) โ Indecision, bearish lean
Double/Triple Candles
Bearish Engulfing โ Red swallows green
Dark Cloud Cover โ Red closes below greenโs midpoint
Evening Star โ Green, small, then big red candle
Three Black Crows โ 3 strong red candles
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โ๏ธ Neutral Patterns (Indecision)
Doji โ Open = Close, uncertainty
Harami โ Small candle within previous body
Marubozu โ No wicks, strong trend either way
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Pro Tip:
Use candlestick patterns with indicators like RSI, MACD & support/resistance for best results.
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