#Bullishcandlstick AND #Bearishcandlestick
BULLISH:📉📊
A bullish candlestick is typically green or white and means the closing price is higher than the opening price, indicating upward momentum. Inversely.
BEARISH:📈📊
A bearish candlestick, generally red or black, signals that the closing price was lower than the opening price, reflecting downward pressure.
Bullish Candlestick Patterns:
Bullish Engulfing:
A two-candle pattern where a small bearish candle is followed by a larger bullish candle that completely engulfs the previous candle's body.
Hammer:
A single candle pattern appearing at the end of a downtrend, with a small body and a long lower wick, suggesting buyers are starting to push the price up.
Bearish Candlestick Patterns:
Bearish Engulfing:
The opposite of a bullish engulfing pattern; a small bullish candle is followed by a larger bearish candle that engulfs the previous candle's body.
Shooting Star:
A single candle pattern appearing at the end of an uptrend, with a small body and a long upper wick
Three Black Crows:
Three consecutive bearish candles, each opening within the previous candle's body and closing lower, indicating strong selling pressure and a potential downtrend.