📌 Hammer
A strong bullish reversal signal that appears after a downtrend. The Hammer has a short body and a long lower wick, showing that while bears dragged the price down, bulls managed to reclaim control by the close. It’s a sign of strength and potential trend reversal.
📌 Inverted Hammer
Forming after a downward move, the Inverted Hammer has a small body with a long upper shadow. It hints that buyers are testing the waters. Although the pattern alone isn't a guarantee, it's a subtle sign of a possible upward reversal—especially when confirmed.
📌 Dragonfly Doji
This rare pattern appears when the open, high, and close are nearly the same, with a long lower wick. It signals a sharp recovery from earlier selling pressure, and when it follows a decline, it can mark the start of a bullish reversal—if confirmed.
📌 Bullish Spinning Top
Featuring a small body and wicks on both ends, this pattern signals market indecision. Found at the end of a downtrend, it may indicate that selling pressure is weakening—potentially paving the way for a bullish move.
📌 Hanging Man
A red flag at the top of an uptrend. The Hanging Man has a tiny body and a long lower wick, showing that sellers started to gain strength. Even if the price closes higher, it’s a warning sign that the bullish momentum may be fading.
📌 Shooting Star
This is a clear sign of a possible bearish reversal. It shows a small body near the session’s low and a long upper shadow—suggesting buyers lost control after a strong push upward. It often signals a trend shift when seen after a rally.
📌 Gravestone Doji
With a long upper shadow and barely any lower wick, this candle screams rejection of higher prices. Found at the top of an uptrend, it suggests a loss of bullish strength and a possible downturn ahead.
📌 Bearish Spinning Top
Like the bullish version, this candle indicates indecision—but when it forms after a strong uptrend, it hints that the bulls are running out of steam. It could be the beginning of a bearish phase.
🎯 Final Thoughts
Single candlestick patterns may look simple, but they offer powerful insights into market psychology. When used alongside volume analysis, key levels, and confirmation candles, they become valuable tools for smart trading.
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