๐ฅ๐ค๐MASTER THESE CANDLESTICK PATTERNS TO MINIMIZE LOSSES โ ๐
1. ๐ ๏ธ Bullish Hammer
Small body, long lower wick.
Forms at the bottom of a downtrend.
Suggests sellers lost control and buyers stepped in.
Needs confirmation with a strong green candle.
2. ๐ Inverted Hammer
Like a hammer, but with a long upper wick.
Signals potential reversal after a downtrend.
Confirmation with a bullish candle is crucial.
3. ๐ Bullish Engulfing
Small red candle followed by a large green one that fully engulfs it.
Indicates strong buyer momentum.
Best after a steep decline.
4. ๐ Morning Star
Three candles:
1๏ธโฃ Big red candle
2๏ธโฃ Small indecisive candle
3๏ธโฃ Strong green candle
A clear signal of bullish reversal.
5. โก Piercing Line
Two-candle pattern:
1๏ธโฃ Strong red candle
2๏ธโฃ Green candle opens lower but closes above halfway of red.
Suggests buying pressure and reversal potential.
6. ๐๏ธ Three White Soldiers
Three solid green candles in a row, each opening within the previous one and closing higher.
Powerful bullish reversal pattern.
๐ Tips for Confirmation:
Use volume, RSI, support zones, and moving averages.
Strong confirmations = higher success rate.
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