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Chart patterns
7./ Bullish Engulfing Pattern
- The pattern consists of two candles.
- The pattern consists of the first candle being bearish, and the second candle being bullish and closing above the opening level of the first candle. The higher the closing is above the opening price of the first candle, the better.
- The pattern comes at the end of the downward trend. to indicate the possibility of its reversal.
- As shown in the image ⬇️
8 _ Bearish Engulfing
- The pattern consists of two candles.
- The first candle is bullish, and the second candle is bearish and closes below the opening level of the first candle. The lower the closing price is below the opening price of the first candle, the better.
It is preferred that the lower shadow of the second candle is less than the first candle, and that it is lower in price than the preceding movement.
- The pattern comes at the end of the upward trend to indicate the possibility of its reversal.
- As shown in the image ⬇️
9_ Dark Cloud Cover Pattern.
- The pattern consists of two candles.
- The first is a strong bullish candle, and the second is bearish with its upper limit higher than the previous candle and drops to more than halfway of the first candle. The larger the bearish candle, the better it is.
- It comes at the end of the upward trend to indicate the possibility of its reversal.
- As shown in the image ⬇️
9_ Piercing Line Pattern
The pattern consists of two candles.
One is a strong bearish candle and the other is a strong bullish candle, with its lower limit lower than the previous candle and rising to the midpoint of the first candle. The larger the bullish candle, the better it is.
It comes at the end of the downward trend to indicate its reversal.
- As shown in the image ⬇️
10_ Bullish Harami Pattern
It consists of two candles and comes at the end of the downward trend to indicate the end of this trend and means a pregnant woman in Japanese.
The first candle: is bearish and has a large body with small shadows.
The second candle: its body is small and its shadows are small and changing, and it trends upwards with its body inside the first candle.
- As shown in the image ⬇️
11. Bearish Harami Pattern
It consists of two candles and comes at the end | of the upward trend to indicate the end of this trend and means a pregnant woman in Japanese.
The first candle: is bullish and has a large body with small shadows.
The second candle: its body is small and its shadows are small and trending downwards, and its body is within the body of the first candle.
- As shown in the image ⬇️
🚨 Tomorrow, God willing, I will write to you what remains of the Japanese candle patterns.
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