Series of the chart patterns from begging to advanced .
Day1️⃣ : Hanging man pattern
The Hanging Man is a bearish reversal candlestick pattern that appears after an uptrend and signals potential weakness in buyers.
Structure
A hanging man candle has: Small real body (green or red) Long lower shadow (wick) (at least 2–3 times the body) Little or no upper shadow
Meaning
Buyers push price up during the trend Sellers suddenly push price down during the same session Even though price may close near the top, it shows selling pressure is increasing 👉 It indicates weakening bullish momentum.
Series of chart patterns from begging to advanced :
Day 1️⃣: Hammer pattern🔨
The hammer pattern is a bullish reversal candlestick pattern that usually appears after a downtrend. It signals that selling pressure was strong during the session, but buyers regained control and pushed the price back up near the opening level.
(Structure)
A hammer candle has: A small real body (green or red) near the top A long lower shadow (wick) (at least 2–3 times the body) Little or no upper shadow
(Meaning)
Sellers push price down strongly (long lower wick) Buyers absorb selling and push price back up Shows rejection of lower prices Confirmation The pattern is stronger when: It appears at a support level The next candle is bullish (green confirmation candle) #btc #eth
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Yemen houthis says that they are going to closed the BABUL MANDEB strait .
this strait is very important because the whole Europe trade through this route .if it close then the oil crise will start .This will also effect crypto market to . what you think 🤔 about it.share your idea in comments