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🐻 Bearish Candlestick Patterns (Indicate a Potential Downtrend)

1️⃣ Shooting Star

• Small body at the bottom with a long upper wick.

• Signals a potential reversal after an uptrend.

2️⃣ Hanging Man

• Small body at the top with a long lower wick.

• Appears after an uptrend, warning of a bearish reversal.

3️⃣ Inverted Hammer

• Small body at the bottom with a long upper wick.

• Often found at the end of a downtrend, signaling a potential reversal.

4️⃣ Evening Star

• A three-candlestick pattern: large bullish candle → small indecisive candle → bearish candle.

• Strong indicator of a reversal from an uptrend to a downtrend.

5️⃣ Doji Star

• A Doji followed by a strong bearish candle.

• Indicates indecision before a potential downtrend.

📈 Bullish Candlestick Patterns (Indicate a Potential Uptrend)

6️⃣ Marubozu

• Full-bodied candle with no wicks.

• Green Marubozu = strong bullish momentum.

Red Marubozu = strong bearish momentum.

7️⃣ Long-Legged Doji

• Long upper and lower wicks with a small or nonexistent body.

• Signals indecision in the market.

8️⃣ Bullish Harami

• A small green candle within the body of a previous larger red candle.

• Signals a potential reversal from a downtrend to an uptrend.

📊 Neutral Candlestick Patterns (Indicate Market Indecision)

9️⃣ Doji

• The open and close prices are nearly the same.

• Signals uncertainty; further confirmation needed for trend direction.

🔟 Spinning Top

• Small body with long upper and lower wicks.

• Suggests market indecision, often seen in consolidations.

🌟 Key Takeaways

✅ Single candlestick patterns provide early signals of trend reversals.

✅ Confirmation with volume and other indicators improves reliability.

✅ Combining patterns with support/resistance strengthens predictions.

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