If you Learn these candles and you can reduce chance of lose.
1️⃣ Hammer - Small body with a long lower wick. - Appears at the bottom of a downtrend. - Indicates strong buying pressure. - Confirms the reversal if followed by a bullish candle. ---
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٢️⃣ Inverted Hammer - Small body with a long upper wick. - Appears at the bottom of a downtrend. - Indicates a potential bullish reversal upon confirmation. ٣️⃣ Bullish Engulfing - A small red candle followed by a large green candle that engulfs it. - Indicates a strong shift from bearish to bullish. - Works well at major support levels. ٤️⃣ Piercing Line - A red candle followed by a strong green candle. - The green candle closes above the midpoint of the red candle. - Indicates a bullish reversal upon confirmation. ٥️⃣ Morning Star - Three candles: red, small body (indecision), and green. - Indicates a shift from bearish to bullish. - Works well at support areas. ٦️⃣ Three White Soldiers - Three consecutive strong green candles. - Each opens within the body of the previous candle and closes at a higher level. - Indicates strong bullish momentum. ---
📉 Bearish candlestick patterns (indicate a potential downward trend)
1️⃣ Hanging man - A small body with a long lower wick. - Appears at the top of an upward trend. -
Reversal. 2️⃣ Shooting star - A 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 body (indecision), and red. - Indicates a bearish reversal at the top of an upward trend.
5️⃣ The three black crows - Three strong red candles in succession. - Each opens within the body of the previous candle and closes at a lower level. - Indicates a strong downward trend.
6️⃣ Dark cloud cover - A green candle followed by a red candle that closes below its midpoint. - Indicates a potential trend reversal. ---
🔄 Continuation candlestick patterns (indicate trend continuation)
1️⃣ Doji candle - A small body with long wicks on both sides. - Indicates market indecision. - Needs confirmation to determine the direction of the trend.
2️⃣ Inverted hammer - A small body with long upper and lower wicks. - Indicates uncertainty in the market. - Indicates the possibility of trend continuation or reversal based on confirmation.
Confirmation.
3️⃣ Bearish three methods - A long red candle followed by small green candles within its range, then another red candle. - Confirms the continuation of the downward trend.
4️⃣ Bullish three methods - A long green candle followed by small red candles within its range, then another green candle. - Confirms the continuation of the upward trend. --- ✨ These patterns help traders make informed decisions about market trends. If you found this post helpful, please like, share, and comment on it! Thank you
