Excellent, I recommend learning it and focusing on it as it helps in predicting price direction and calculating profit percentage.
ابو اواب 19
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✍The image displays the top 10 Japanese candlestick patterns in technical analysis, which are used to predict price movements in financial markets (such as cryptocurrencies or stocks). Here is a brief report on each pattern:
Reversal Patterns (reverse the previous trend):
1. Spinning Tops: - Candles with a small body and long shadows. - Indicate indecision and lack of clear direction.
2. Shooting Star: - A red candle with a small body and a long upper shadow. - Appears after an uptrend and indicates a potential bearish reversal.
3. Hammer: - A green candle with a small body and a long lower shadow. - Appears after a downtrend and indicates a potential bullish reversal.
4. Doji: - Opening and closing at almost the same price. - Represents confusion and may indicate a reversal.
5. Bullish Engulfing: - A green candle completely covering a previous red candle. - A strong bullish signal.
6. Bearish Engulfing: - A red candle covering a previous green candle. - A strong bearish signal.
7. Evening Star: - 3 candles: bullish, doji or small, then bearish. - A signal for a bearish reversal after an uptrend.
8. Morning Star: - The opposite of the Evening Star. - A signal for a bullish reversal after a downtrend.
9. Three White Soldiers: - 3 consecutive long green candles. - A strong bullish signal.
10. Three Black Crows: - 3 consecutive long red candles. - A strong bearish signal.
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