You need to understand (2)

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Learn Japanese candles and you will never lose

Bearish candle patterns (indicate a potential downward trend)

1️⃣ Hanging Man - Small body with a long lower wick. - Appears at the top of an upward trend. -

Indicates a reversal.

2️⃣ Shooting Star - Small body with a long upper wick. - Appears at the top of an upward trend. - Indicates strong selling pressure.

3️⃣ Bearish Engulfing - A small green candle followed by a large red candle that engulfs it. - Indicates a bearish reversal. - Stronger when appearing at resistance levels.

4️⃣ Evening Star - Three candles: green, small-bodied (indecision), and red. - Indicates a bearish reversal at the top of an upward trend.

5️⃣ Three Black Crows - Three consecutive strong red candles. - Each opens within the body of the previous candle and closes lower. - Indicates a strong downward trend.

6️⃣ Dark Cloud Cover - A green candle followed by a red candle that closes below the midpoint. - Indicates a potential trend reversal. ---

🔄 Continuation candle patterns (indicate trend continuation)

1️⃣ Doji Candle - Small body with long wicks on both sides. - Indicates market indecision. - Needs confirmation to determine the trend direction.

2️⃣ Spinning Top Candle - Small body with long upper and lower wicks. - Indicates a state of uncertainty in the market. - Indicates potential trend continuation or reversal depending on confirmation.

Continued in a later post

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