Master These Candlestick Patterns & Say Goodbye to Losses! โ ๐
1. ๐ ๏ธ Bullish Hammer
Small body + long lower wick.
Found at the bottom of a downtrend.
Sellers drove the price down, but buyers fought back strong.
Needs confirmation: watch for a green candle after.๐ตโ ๏ธ๐ธ
2. ๐ Inverted Hammer
Looks like a hammer flipped upside down (long upper wick).
Appears after a downtrend.
Signals buyer interest, but needs a bullish candle next to confirm.
3. ๐ Bullish Engulfing
Small red candle followed by a big green one that fully engulfs it.
Indicates strong buying pressure.
Most effective after a prolonged downtrend.
4. ๐ Morning Star
A powerful 3-candle reversal:
1๏ธโฃ Big red candle.
2๏ธโฃ Small-bodied candle (indecision).
3๏ธโฃ Strong green candle = trend reversal confirmed.
Signals shift from bearish to bullish momentum.
5. โก Piercing Line
2-candle reversal setup:
1๏ธโฃ Long red candle.
2๏ธโฃ Green candle opens lower but closes above 50% of red candle.
Shows bulls are stepping in with strength.
6. ๐๏ธ Three White Soldiers
3 back-to-back long green candles.
Each opens within the body of the previous and closes higher.
Strong bullish reversalโbuyers are in full control.๐ธโ ๏ธ๐ต
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๐ Pro Tips for Using These Patterns:
โ Confirm with volume, key support zones, RSI, or moving averages.
โ The stronger the confirmation (e.g., high volume, big green candle), the more reliable the signal.๐ตโ ๏ธ๐ธ
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