Here are 6 important candlestick patterns to learn for trading:

1. *Bullish Hammer* 🛠️: A small body with a long lower wick, indicating buyers regained control after a downtrend. Confirmation needed with a green candle after it.

2. *Inverted Hammer* 🔄: A long upper wick shows buyers trying to push the price up after a downtrend. Requires confirmation with the next bullish candle.

3. *Bullish Engulfing* 🐂: A small red candle followed by a large green candle that engulfs the previous one, signaling strong buyer momentum.

4. *Morning Star* 🌟: A 3-candle pattern indicating a shift from bearish to bullish sentiment.

5. *Piercing Line* ⚡: A 2-candle pattern showing buying strength and potential reversal.

6. *Three White Soldiers* 🎖️: 3 consecutive long green candles with small wicks, indicating a strong bullish reversal.

*How to Use These Patterns:*

- Confirm with volume, support levels, and indicators like RSI or moving averages.

- Stronger confirmation means a more reliable reversal.

Like, share, and comment if you found this helpful!

#CEXvsDEX101 #TradingTypes101 #FTXRefunds #TrumpMediaBitcoinTreasury #PCEMarketWatch