๐น Dragonfly Doji
A single candle with a small body and a long lower wick.
Indicates: Reversal from bearish to bullish momentum.
Action: Look for confirmation in the following candles before entering.
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๐น Hammer
A candle with a small body and a long lower wick, appearing after a downtrend.
Indicates: Reversal signal after selling pressure.
Action: Confirm with the next candle for a breakout.
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๐น Bullish Engulfing
A small red candle followed by a larger green candle that completely engulfs it.
Indicates: Strong bullish momentum.
Action: Enter the trade after the engulfing candle.
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๐น Piercing Line
A two-candle pattern where the second candle opens below the low of the first and closes above its midpoint.
Indicates: Reversal from a downtrend to an uptrend.
Action: Look for confirmation of the trend continuation.
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๐น Tweezers Bottom
Two candlesticks with similar highs or lows, indicating reversal.
Indicates: Bottom reversal, signaling a potential upward movement.
Action: Watch for confirmation from the following candles.
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๐น Morning Star
A three-candle pattern with a long bearish candle, followed by a small candle, and a long bullish candle.
Indicates: Reversal from downtrend to uptrend.
Action: Wait for the confirmation of the bullish trend continuation.
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๐น Three White Soldiers
Three consecutive long green candlesticks, each closing higher than the previous one.
Indicates: Strong bullish momentum and trend reversal.
Action: Look for entry after the third candle.
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๐ก The Bullish Trend Is Here!
Recognizing these patterns can help you identify when to enter and exit the market with more confidence. Combine these signals with other technical indicators for the best results.
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๐ท Check out the candlestick patterns image!๐
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