More Bullish Candlestick Patterns
1. Marubozu (Strongest Bullish Signal)
Solid green candle with no wicks.
Indicates strong buying momentum throughout the session.
Suggests continuation of the uptrend.
2. Hammer
Small body with a long lower wick.
Appears at the bottom of a downtrend, signaling reversal.
Sellers pushed prices down, but buyers regained control.
3. Inverted Hammer
Small body with a long upper wick.
Occurs in a downtrend and hints at a bullish reversal.
Buyers attempted to push prices higher, showing potential strength.
4. Spinning Top
Small body with long upper and lower wicks.
Reflects market indecision.
Can lead to either trend continuation or reversal, depending on the next candle.
5. Doji
Open and close prices are almost the same (cross-like shape).
Indicates market indecision; neither buyers nor sellers are in control.
Requires confirmation from the next candle.
6. Dragonfly Doji (Weakest Bullish Signal)
Open, close, and high prices are nearly the same, with a long lower wick.
Appears at the bottom of a downtrend and signals potential reversal.
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More Bearish Candlestick Patterns
1. Marubozu (Strongest Bearish Signal)
Solid red candle with no wicks.
Reflects strong selling pressure throughout the session.
Suggests continuation of the downtrend.
2. Shooting Star
Small body with a long upper wick.
Appears at the top of an uptrend, signaling bearish reversal.
Sellers rejected higher prices, pushing the price down.
3. Hanging Man
Small body with a long lower wick (resembles a hammer but appears at the top of an uptrend).
Indicates buyers are losing control; potential bearish reversal.
4. Spinning Top
Small body with long wicks on both sides.
Signals indecision; needs confirmation for reversal or continuation.
5. Doji
Open and close prices are nearly the same.
Reflects market hesitation.
Requires confirmation from the next candlestick.
6. Gravestone Doji (Weakest Bearish Signal)
Open, close, and low prices are nearly the same, forming a long upper wick.
Appears at the top of an uptrend, suggesting potential reversal.
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š How to Use These Patterns in Trading
Stronger signals (e.g., Marubozu, Hammer, Shooting Star) often require less confirmation from other indicators.
Weaker signals (e.g., Doji, Spinning Top) should be paired with volume, trendlines, and moving averages for higher accuracy.
Always confirm patterns with the next candlestick and supporting technical tools before executing a trade.
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By mastering single candlestick patterns and their context, traders can make more confident and informed decisions, improving their edge in the market.
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