📈 Bullish patterns (indicate a potential bullish trend)
1️⃣Bullish engulfing
- A small red candle followed by a large green candle engulfing the previous candle.
- Indicates strong buying pressure.
2️⃣Morning star
- Three candle reversal pattern:
1. A long red candle.
2. A small-bodied candle (red or green) indicating market indecision.
3. A strong green candle confirms the reversal.
- Indicates a shift from bearish sentiment to bullish sentiment.
3️⃣Bullish pin bar
- A candlestick with a small body and a long lower wick.
- Indicates rejection of low prices and potential upward reversal.
4️⃣Bullish harami
- A large red candle followed by a small green candle within the previous red body.
- Shows weakness in bearish momentum and potential reversal.
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📉 Bearish patterns (indicate a potential bearish trend)
1️⃣Bearish engulfing
- A small green candle followed by a large red candle engulfing the previous candle.
- Indicates strong selling pressure.
2️⃣Evening star
- Inverse morning star:
1. A strong green candle.
2. A small-bodied candle indicating market indecision.
3. A long red candle confirms the bearish trend.
- Indicates a potential price decline.
3️⃣Bearish pin bar
- A candlestick with a small body and a long upper wick.
- Indicates rejection of high prices and potential bearish trend.
4️⃣Bearish harami
- A large green candle followed by a small red candle within the previous green body.
- Indicates weakening bullish momentum and potential trend reversal.
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✨ Professional tip: These patterns help traders identify trend reversals and continuations when combined with other indicators like volume and moving averages.
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