1. ๐Ÿ› ๏ธ Bullish Hammer

- A small body with a long lower wick.

- Appears at the bottom of a downtrend.

- Indicates that sellers pushed prices down, but buyers regained control.

- Confirmation needed with a green candle after it. 2. ๐Ÿ”„ Inverted Hammer

- Similar to a hammer, but with a long upper wick instead of a lower wick.

- Shows buyers attempting to push the price up after a downtrend.

- Requires confirmation with the next bullish candle.

3. ๐Ÿ‚ Bullish Engulfing

- A small red candle followed by a large green candle that completely engulfs the previous one.

- Signals strong buyer momentum.

- More reliable if it appears after a strong downtrend.

4. ๐ŸŒŸ Morning Star

- A three-candle pattern:

1๏ธโƒฃ A long red candle.

2๏ธโƒฃ A small-bodied candle (red or green) showing market hesitation.

3๏ธโƒฃ A strong green candle confirming the reversal.

- Indicates a shift from bearish to bullish sentiment.

5. โšก Piercing Line

- A two-candle pattern where:

1๏ธโƒฃ The first candle is a strong red body.

2๏ธโƒฃ The second green candle opens lower but closes more than halfway up the first red candle.

- Shows buying strength and a potential reversal.

6. ๐ŸŽ–๏ธ Three White Soldiers

- Three consecutive long green candles with small wicks.

- Each candle opens within the previous oneโ€™s body and closes higher.

- Strong bullish reversal pattern.

๐Ÿ“Œ How to Use These Patterns?

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- Always confirm with volume, support levels, and additional indicators like RSI or moving averages.

- The stronger the confirmation (e.g., large bullish candle, increased volume), the more reliable the reversal.

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