Now let's briefly and practically discuss each of them:
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🟢 HAMMER
- Signal: Bullish Reversal
- Sign: Small body at the top, long lower wick
- Context: Appears after a decline → signal for a rebound
🔴 SHOOTING STAR
- Signal: Bearish Reversal
- Sign: Small body at the bottom, long upper wick
- Context: After an uptrend → signal for profit-taking
⚪ DOJI
- Signal: Indecision / potential reversal
- Sign: Almost no body, equal wicks
- Context: Market hesitates → wait for confirmation
🟢 ENGULFING
- Signal: Strong Reversal
- Sign: Large candle completely engulfs the previous one
- Context: Bullish or bearish engulfing → trend change
🌅 MORNING STAR
- Signal: Bullish Reversal
- Sign: 3 candles: decline → Doji → rise
- Context: Signal for the start of an uptrend
🌇 EVENING STAR
- Signal: Bearish Reversal
- Sign: Rise → Doji → decline
- Context: Signal for the start of a downtrend
🟩 THREE SOLDIERS
- Signal: Strong Uptrend
- Sign: 3 consecutive green candles, rising
- Context: Bulls take control
🟥 THREE BLACK CROWS
- Signal: Strong Downtrend
- Sign: 3 consecutive red candles, declining in body
- Context: Bears dominate
