📈 Bullish candlestick patterns (indicating a potential uptrend)
1️⃣ The hammer
- Small body with long lower wick.
- Appears at the bottom of a downtrend.
- Indicates strong buying pressure.
- The reversal is confirmed if it is followed by a bullish candle.
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2️⃣ Reverse hammer
- Small body with long top wick.
- Found at the bottom of a downtrend.
- Indicates a possible bullish reversal after confirmation.
3️⃣ Bullish engulfing
- A small red candle followed by a large green candle that devours it.
- Indicates a strong shift from bearish to bullish.
- Works well at key support levels.
4️⃣ Hole line
- A red candle followed by a strong green candle.
The green candle closes above the middle of the red candle.
- Indicates a bullish reversal when confirmed.
5️⃣ Morning Star
- Three candles: red, small-bodied (frequency), and green.
- Indicates the transition from downward to upward motion.
- Works well in support areas.
6️⃣Three white soldiers
- Three consecutive strong green candles.
- Each opens inside the body of the previous candle and closes higher.
- Indicates strong upward momentum.
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📉 Bearish candlestick patterns (indicating a potential downtrend)
1️⃣ The Hanged Man
- Small body with long lower wick.
- Appears at the top of an uptrend.
- Indicates a possible bearish reversal.
2️⃣The Falling Star
- Small body with long top wick.
- Appears at the top of an uptrend.
- Indicates strong selling pressure.
3️⃣ Bearish Engulfing
- A small green candle followed by a large red candle that devours it.
- Indicates a bearish reversal.
- Stronger when appearing at resistance levels.
4️⃣Evening star
- Three candles: green, small-bodied (frequency), and red.
- Indicates a bearish reversal at the top of an uptrend.
5️⃣The Three Black Crows
- Three consecutive strong red candles.
- Each opens inside the body of the previous candle and closes at a lower level.
- Indicates a strong downtrend.
6️⃣Dakan cloud cover
- A green candle followed by a red candle that closes below its middle.
- Indicates a possible trend reversal.
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🔄 Continuation candlestick patterns (indicate trend continuation)
1️⃣ Dougie
- Small body with long wicks on both sides.
- Shows market frequency.
- Needs confirmation of trend direction.
2️⃣ Rotating top
- Small body with long upper and lower wicks.
- Indicates market uncertainty.
- Potential signals for continuation or reversal based on confirmation.
3️⃣ The third fall
- A long red candle followed by small green candles within its range, then another red candle.
- Confirms the continuation of the downward trend.
4️⃣The Three Ascendants
- A long green candle followed by small red candles within its range, then another green candle.
- Confirms the continuation of the upward trend.
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✨These patterns help traders make informed decisions about market trends.
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