Recently, there have been quite a few friends discussing candlestick patterns at Binance Square. It seems everyone wants to dig up treasures from candlesticks. Speaking of candlesticks, the first thing that comes to my mind is the 'Morning Star' formation, which is an important signal for me to judge bottom reversals.

Do you remember the SOL trend at the beginning of the year? At that time, I observed the candlestick patterns and found that after a decline, the candlestick chart displayed a typical 'Morning Star' formation: first, there was a large bearish candle, followed by a small-bodied candle (which could be a doji), and finally, a large bullish candle. These three candlesticks combined look like a star rising, indicating that the downtrend may be coming to an end and an uptrend is about to begin.

Of course, just looking at candlestick patterns is not enough; I also consider the trading volume to make my judgment. If the 'Morning Star' formation appears while the trading volume also increases, that makes it even more reliable. Additionally, I like to use Fibonacci retracement levels to identify potential support and resistance levels, which allows for more precise timing for buying and selling. What candlestick patterns do you usually pay attention to? Let's chat and improve together!