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📈 Bullish Candlestick Patterns (Indicate a Potential Uptrend)
1️⃣ Hammer
- Small body with a long lower wick.
- Appears at the bottom of a downtrend.
- Indicates strong buying pressure.
- Confirms reversal if followed by a bullish candle.
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2️⃣ Inverse Hammer
- Small body with a long upper wick.
- Found at the bottom of a downtrend.
- Suggests potential bullish reversal after confirmation.
3️⃣ Bullish Engulfing
- A small red candle followed by a large green candle engulfing 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.
- Suggests bullish reversal when confirmed.
5️⃣ Morning Star
- Three candles: Red, small-bodied (indecision), and green.
- Indicates transition from bearish to bullish.
- Works well at support zones.
6️⃣ Three White Soldiers
- Three consecutive strong green candles.
- Each opens within the previous candle’s body and closes higher.
- Indicates strong bullish momentum.
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📉 Bearish Candlestick Patterns (Indicate a Potential Downtrend)
1️⃣ Hanging Man
- Small body with a long lower wick.
- Appears at the top of an uptrend.
- Indicates possible bearish reversal.
2️⃣ Shooting Star
- Small body with a long upper wick.
- Appears at the top of an uptrend.
- Suggests strong selling pressure.
3️⃣ Bearish Engulfing
- Small green candle followed by a large red candle engulfing it.
- Signals a bearish reversal.
- Stronger when appearing at resistance levels.
4️⃣ Evening Star
- Three candles: Green, small-bodied (indecision), and red.
- Indicates a bearish reversal at the top of an uptrend.
5️⃣ Three Black Crows
- Three consecutive strong red candles.
- Each opens within the previous candle’s body and closes lower.
- Suggests a strong bearish trend.
6️⃣ Dark Cloud Cover
- A green candle followed by a red candle closing below its midpoint.
- Indicates potential trend reversal.
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🔄 Continuation Candlestick Patterns (Indicate Trend Continuation)
1️⃣ Doji
- Small body with long wicks on both sides.
- Shows market indecision.
- Needs confirmation for trend direction.
2️⃣ Spinning Top
- Small body with long upper and lower wicks.
- Indicates market uncertainty.
- Signals possible continuation or reversal based on confirmation.
3️⃣ Falling Three
- A long red candle followed by small green candles inside its range, then another red candle.
- Confirms continuation of the bearish trend.
4️⃣ Rising Three
- A long green candle followed by small red candles inside its range, then another green candle.
- Confirms continuation of the bullish trend.
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✨ These patterns help traders make informed decisions about market trends.
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