🚨 8 POWERFUL CANDLESTICK PATTERNS EVERY TRADER MUST KNOW! 🚨
💹 Early identification – Smart entry – Protect your portfolio! 💼🔥
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🟢 1. Hammer
📍 Appears after a downtrend
💪 Strong counterattack from buyers
🔁 Bullish reversal signal – act now!
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🟢 2. Inverted Hammer
🔄 The candlestick “seeking a way out after a downtrend”
👀 Could be the starting point of a strong bounce
⚡ Potential bullish reversal!
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🟢 3. Dragonfly Doji
🕊️ Extremely long lower shadow
🔥 Buyers at the end of the session → Strong upward pressure
💥 “Resurrection” signal for the bulls!
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🟡 4. Spinning Top
🌀 Small body – long shadows = indecision
🔍 If after a decline → the first sign of “bulls awakening”!
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🔴 5. Hanging Man
📉 After a series of increases → the “hanging man” appears
🪓 Bears begin to take action
🚨 Reversal warning – take profits or move SL quickly!
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🔴 6. Shooting Star
🚀 Price spikes then plummets
🐂 Classic bull trap – long upper shadow
🔁 Needs confirmation – but be ready to sell!
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🔴 7. Gravestone Doji
⚰️ Long upper shadow – strong rejection at the top
💀 Extremely high selling pressure – strong reversal warning!
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🔴 8. Spinning Top
🌀 After a series of increases → indecision appears
🧊 Upward momentum slows down – reversal is near!
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🎯 PRO TIPS – NEVER FORGET:
🔹 Candlestick patterns are NOT sacred
✅ Always combine with support/resistance
📊 Monitor trading volume
🔍 Wait for confirmation candles before acting!