Harvest huge profits and stop losses 🚀 in an easy and simple way that anyone can apply :-

You should use reversal candles, a valuable tool in the trader's arsenal.

🏷 Types of market reversal candles 📊

1️⃣ Bullish Engulfing:

Appears at the end of a downtrend, where a large bullish candle engulfs the previous bearish candle.

2️⃣ Bearish Engulfing:

Appears at the end of an uptrend, where a large bearish candle engulfs the previous bullish candle.

3️⃣ Hammer and Hanging Man:

Both have a small body and a long lower wick, appearing at the end of downtrends and uptrends respectively.

4️⃣ Morning Star and Evening Star:

Patterns consisting of three candles indicating a reversal at the end of downtrends and uptrends respectively.

☣️ Important Considerations:

◽Location:

Reversal candles are more significant when they appear at major support or resistance levels.

◽Confirmation:

It is always better to wait for confirmation of the reversal through another candle or technical indicator before making a trading decision.

◽Volume:

An increase in trading volume when a reversal candle appears can enhance the strength of the signal.

In summary, market reversal candles are a valuable tool in the trader's arsenal, but they should be used with caution and in conjunction with other analytical tools to make informed trading decisions.

Clarification in the comments.