📚 Master These Candlestick Patterns to Avoid Losses ✅👇
If you're serious about trading, learning these key candlestick reversal patterns is a must. They can help you spot market turns before they happen! Let’s dive in:
1. 🛠️ Bullish Hammer
Small body with a long lower wick.
Appears at the bottom of a downtrend.
Buyers stepped in after sellers pushed price down.
✅ Confirmation: Look for a strong green candle next.
2. 🔄 Inverted Hammer
Long upper wick, small body at the bottom.
Signals buyers attempting a reversal after a downtrend.
✅ Confirmation: Wait for a bullish candle next.
3. 🐂 Bullish Engulfing
A small red candle followed by a large green one that engulfs it.
Shows powerful buyer momentum.
💡 Most reliable after a strong downtrend.
4. 🌟 Morning Star
A 3-candle reversal pattern:
1️⃣ Long red candle
2️⃣ Small body (green/red) – shows hesitation
3️⃣ Strong green candle – confirms reversal
🔁 Indicates a bullish shift is underway.
5. ⚡ Piercing Line
1st: Strong red candle
2nd: Green candle that opens lower but closes over 50% into red candle
📈 Shows buyers regaining control.
6. 🎖️ Three White Soldiers
3 back-to-back long green candles with small wicks
Each opens within the previous candle’s body
🔥 Very strong bullish reversal signal
📌 How to Use Them Effectively?
✅ Confirm with:
Volume
Support zones
Indicators (RSI, MA, etc.)
The more confirmations you get, the stronger the setup!
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