Learn These Candlestick Patterns to Avoid Losses โ ๐
Master these powerful bullish reversal patterns and boost your trading confidence:
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1. ๐ ๏ธ Bullish Hammer
Small body, long lower wick.
Appears after a downtrend.
Sellers drove the price down, but buyers fought back.
Look for confirmation with a green candle following it.
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2. ๐ Inverted Hammer
Similar to the hammer but with a long upper wick.
Signals a potential bullish reversal after a downtrend.
Needs confirmation from a strong green candle.
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3. ๐ Bullish Engulfing
A small red candle followed by a larger green one that fully engulfs it.
Indicates strong buying momentum.
Most effective after a pronounced downtrend.
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4. ๐ Morning Star
A powerful 3-candle reversal pattern:
1๏ธโฃ Long red candle
2๏ธโฃ Small-bodied candle (red or green) = indecision
3๏ธโฃ Strong green candle = bullish confirmation
Shows a clear shift from bearish to bullish sentiment.
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5. โก Piercing Line
Two-candle pattern:
1๏ธโฃ Strong red candle
2๏ธโฃ Green candle opens lower but closes above the midpoint of the red candle
Suggests buyers are regaining control.
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6. ๐๏ธ Three White Soldiers
Three back-to-back long green candles with small wicks.
Each opens within the previous body and closes higher.
Strong signal of bullish momentum.
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๐ Pro Tip: How to Use These Patterns
Always confirm with volume, support levels, and indicators like RSI or moving averages.
The more confirmations, the stronger the signal!
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