Marubozu !!
(Strongest Bullish Signal)
- A solid green candle with no wicks.
- Indicates strong buying momentum throughout the session.
- Suggests a continuation of the uptrend.
Hammer !!!
- Small body with a long lower wick.
- Appears at the bottom of a downtrend, signaling reversal.
- Shows that sellers pushed prices down, but buyers regained control.
Spinning Top !!
- Small body with long upper and lower wicks.
- Represents market indecision.
- Can lead to trend continuation or reversal, depending on the next candle..
Doji !!
- Open and close prices are almost the same, forming a cross-like shape.
- Indicates market indecision; neither buyers nor sellers are in control.
- Needs confirmation from the next candlestick.
Dragonfly Doji (Weakest Bullish Signal) !!
- Open, close, and high prices are nearly the same, with a long lower wick.
- Signals potential reversal when appearing at the bottom of a downtrend.
BARISH PARTTEN!!
Weaker signals (Doji, Spinning Top)
should be combined with volume analysis, trendlines, and moving averages for better accuracy.
The hammer
candlestick is a bullish reversal pattern with a small body and long lower shadow.
Stronger signals (Marubozu
Hammer, Shooting Star) require less confirmation from other indicators.
Always confirm patterns with the next candlestick and additional technical indicators before making a trade...
