#StopLossStrategies 📉Candlesticks can be analysed based on a single candlestick pattern or multi-candle pattern📈💸

✔️ So what is a one candle stick pattern in technical analysis? A single candlestick pattern is usually a reversal pattern.

✔️Multi-candle patterns can be both a reversal and continuing pattern.

📛Traders look for clues in price action, which can signal a shift in the market sentiment or trend – known as a reversal. They use these single candlestick patterns and multi-candlestick patterns to identify potential entry or exit opportunities.

💸You must understand that every reversal need not be a trend-changing move. Markets take a breather, at times, before continuing with the original trend. These patterns are likely to change trends, and the trend does not have to reverse.