1. 🛠️ Bullish Hammer - A small body with a long lower wick. - Appears at the bottom of a downtrend. - Indicates that sellers drove prices down, but buyers regained control. - Confirmation is needed with a following green candle. ---
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2. 🔄 Inverted Hammer - Similar to a hammer, but with a long upper wick instead of a lower 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 completely engulfs the previous one. - Indicates strong momentum for buyers. - More reliable if it appears after a strong downtrend.
4. 🌟 Morning Star - A pattern of three candles: 1️⃣ A long red candle. 2️⃣ A small-bodied candle (red or green) showing market indecision. 3️⃣ A strong green candle confirming the reversal. - Indicates a shift from a downtrend to an uptrend.
5. ⚡ Piercing Line - A two-candle pattern where: 1️⃣ The first candle has a strong red body. 2️⃣ The second green candle opens at a lower level but closes above the midpoint of the first red candle. - Shows buying strength and potential reversal.
6. 🎖️ The Three White Soldiers - Three consecutive long green candles with small wicks. - Each candle opens within the body of the previous candle and closes at a higher price. - A strong bullish reversal pattern. 📌 How to use these patterns? - Always confirm with volume, support levels, and additional indicators like the Relative Strength Index (RSI) or moving averages. - The stronger the confirmation (like: a large bullish candle, or an increase in volume), the more reliable the reversal. If you find this helpful, please like, share, and comment! Thank you! ❤️
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