#SwingTradingStrategy

There are several types of confirmation candles that can be used to confirm market direction, which are:

1. Strong Closing Candle

- *Strong Closing Candle:* is a candle that closes strongly outside the resistance or support level, indicating the strength of the trend.

- *Candle Characteristics:* The candle is long with a large body, with small wicks or no wicks at all.

2. Hammer Candle

- *Hammer Candle:* is a candle that appears at the end of a downtrend, indicating a potential reversal of the trend.

- *Candle Characteristics:* The candle has a small body and a long lower wick.

3. Shooting Star Candle

- *Shooting Star Candle:* is a candle that appears at the end of an uptrend, indicating a potential reversal of the trend.

- *Candle Characteristics:* The candle has a small body and a long upper wick.

4. Pin Bar Candle

- *Pin Bar Candle:* is a candle that appears at the end of a trend, indicating a potential reversal of the trend.

- *Candle Characteristics:* The candle has a small body and two long wicks.

5. Engulfing Candle

- Engulfing Candle: is a candle that closes outside the range of the previous candle, indicating the continuation of the trend.

- *Candle Characteristics:* The candle has a large body and closes outside the range of the previous candle.

Conclusion

There are several types of confirmation candles that can be used to confirm market direction, which are the strong closing candle, hammer candle, shooting star candle, pin bar candle, and engulfing candle. The characteristics of each candle and the market context should be considered when using them to confirm the trend.