Master These Candlestick Patterns & Avoid Costly Mistakes! ๐โ
Want to trade smarter and reduce unnecessary losses? Understanding candlestick patterns is key to predicting market movements. Hereโs your ultimate guide to the most powerful bullish and bearish candlestick formations!
๐ Bullish Candlestick Patterns (Uptrend Signals)
1๏ธโฃ Piercing Pattern
โ Red candle followed by a strong green candle.
โ Green candle closes above the midpoint of the red one.
โ Indicates a bullish reversal at support levels.
2๏ธโฃ Morning Star
โ Three-candle pattern: red, small-bodied (indecision), and green.
โ Signals a reversal from bearish to bullish.
โ Stronger when the green candle has high volume