๐Ÿ“ˆ Bullish Candlestick Patterns (Indicate a Potential Uptrend)

1๏ธโƒฃ Hammer

- Small body with a long lower wick.

- Appears at the bottom of a downtrend.

- Indicates strong buying pressure.

- Confirms reversal if followed by a bullish candle.

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2๏ธโƒฃ Inverse Hammer

- Small body with a long upper wick.

- Found at the bottom of a downtrend.

- Suggests potential bullish reversal after confirmation.

3๏ธโƒฃ Bullish Engulfing

- A small red candle followed by a large green candle engulfing it.

- Indicates a strong shift from bearish to bullish.

- Works well at key support levels.

4๏ธโƒฃ Piercing Line

- A red candle followed by a strong green candle.

- The green candle closes above the midpoint of the red candle.

- Suggests bullish reversal when confirmed.

5๏ธโƒฃ Morning Star

- Three candles: Red, small-bodied (indecision), and green.

- Indicates transition from bearish to bullish.

- Works well at support zones.

6๏ธโƒฃ Three White Soldiers

- Three consecutive strong green candles.

- Each opens within the previous candleโ€™s body and closes higher.

- Indicates strong bullish momentum.

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๐Ÿ“‰ Bearish Candlestick Patterns (Indicate a Potential Downtrend)

1๏ธโƒฃ Hanging Man

- Small body with a long lower wick.

- Appears at the top of an uptrend.

- Indicates possible bearish reversal.

2๏ธโƒฃ Shooting Star

- Small body with a long upper wick.

- Appears at the top of an uptrend.

- Suggests strong selling pressure.

3๏ธโƒฃ Bearish Engulfing

- Small green candle followed by a large red candle engulfing it.

- Signals a bearish reversal.

- Stronger when appearing at resistance levels.

4๏ธโƒฃ Evening Star

- Three candles: Green, small-bodied (indecision), and red.

- Indicates a bearish reversal at the top of an uptrend.

5๏ธโƒฃ Three Black Crows

- Three consecutive strong red candles.

- Each opens within the previous candleโ€™s body and closes lower.

- Suggests a strong bearish trend.

6๏ธโƒฃ Dark Cloud Cover

- A green candle followed by a red candle closing below its midpoint.

- Indicates potential trend reversal.

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๐Ÿ”„ Continuation Candlestick Patterns (Indicate Trend Continuation)

1๏ธโƒฃ Doji

- Small body with long wicks on both sides.

- Shows market indecision.

- Needs confirmation for trend direction.

2๏ธโƒฃ Spinning Top

- Small body with long upper and lower wicks.

- Indicates market uncertainty.

- Signals possible continuation or reversal based on confirmation.

3๏ธโƒฃ Falling Three

- A long red candle followed by small green candles inside its range, then another red candle.

- Confirms continuation of the bearish trend.

4๏ธโƒฃ Rising Three

- A long green candle followed by small red candles inside its range, then another green candle.

- Confirms continuation of the bullish trend.

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