🚨 Learn these candles and you will never lose✅📊📉 📈 Bullish Candlestick Patterns (indicate potential bullish trend)
1️⃣ Hammer - A small body with a long lower wick. - Appears at the bottom of a downtrend. - Indicates strong buying pressure. - Confirms the reversal if followed by a bullish candle. --
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Inverted Hammer - A small body with a long upper wick. - Found at the bottom of a downtrend. - Indicates a potential bullish reversal after confirmation.
3️⃣ Bullish Engulfing Candle - A small red candle followed by a large green candle that engulfs it. - Indicates a strong shift from bearish to bullish. - Works well at key support levels.
4️⃣ Piercing Line - A red candle followed by a strong green candle. - The green candle closes above the midpoint of the red candle. - Indicates a bullish reversal upon confirmation.
5️⃣ Morning Star - Three candles: red, small body (indecision), and green. - Indicates a shift from bearish to bullish. - Works well at support areas.
6️⃣ Three White Soldiers - Three strong consecutive green candles. - Each opens within the body of the previous candle and closes at a high. - Indicates strong bullish momentum. --- 📉 Bearish Candlestick Patterns (indicate potential bearish trend)
1️⃣ Hanging Man Pattern - A small body with a long lower wick. - Appears at the top of an uptrend. - Indicates a potential bearish reversal.
2️⃣ Shooting Star Pattern - A small body with a long upper wick. - Appears at the top of an uptrend. - Indicates strong selling pressure.
3️⃣ Bearish Engulfing Pattern
A small green candle followed by a large red candle that engulfs it. - Indicates a bearish reversal. - Stronger when appearing at resistance levels. 4️⃣ Evening Star - Three candles: green, small body (indecision), and red. - Indicates a bearish reversal at the top of an uptrend.
5️⃣ Three Black Crows - Three strong consecutive red candles. - Each opens within the body of the previous candle and closes at a lower level. - Indicates strong bearish trend.
6️⃣ Dark Cloud Cover - A green candle followed by a red candle that closes below its midpoint. - Indicates a potential trend reversal. --- 🔄 Continuation Candlestick Patterns (indicate trend continuation)
1️⃣ Doji - A small body with long wicks on both sides. - Shows market indecision. - Needs confirmation to determine the direction of the trend.
2️⃣ Spinning Top - A small body with long upper and lower wicks. - Indicates a state of uncertainty in the market. - Suggests the potential for trend continuation or reversal based on confirmation.
3️⃣ Three Red Candles - A long red candle followed by small green candles within its range, then another red candle. - Confirms the continuation of the bearish trend.
4️⃣ Rising Three Methods - A long green candle followed by small red candles within its range, then another green candle. - Confirms the continuation of the uptrend. --- ✨ These patterns help traders make informed decisions about market trends. If you found this post helpful, please like, share, and comment on it.
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