Master these candlestick patterns โ€” and never trade blind again! โœ…๐Ÿ‘‡

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Understanding candles can help you identify reversals before they happen. Here are the key patterns every trader should know:

๐Ÿ“ˆ Bullish patterns (Tip: Possible growth ahead)

1๏ธโƒฃ Bullish Engulfing

๐Ÿ”น Small red candle โžœ followed by a large green one that fully engulfs it.

๐Ÿ”น Strong buy signal.

2๏ธโƒฃ Morning Star

๐Ÿ”น 3-part reversal:

โ€ƒ1. Long red candle

โ€ƒ2. Small indecisive candle

โ€ƒ3. Strong green candle

๐Ÿ”น Signals a possible trend reversal from bearish to bullish.

3๏ธโƒฃ Bullish Pin Bar

๐Ÿ”น Small body + long lower wick.

๐Ÿ”น Rejection of lower prices = buyers start to enter the game.

4๏ธโƒฃ Bullish Harami

๐Ÿ”น Large red candle โžœ followed by a small green one inside it.

๐Ÿ”น Shows that bearish momentum is weakening.

๐Ÿ“‰ Bearish patterns (Watch out for the risk of decline)

1๏ธโƒฃ Bearish Engulfing

๐Ÿ”น Small green candle โžœ followed by a large red one that fully engulfs it.

๐Ÿ”น Indicates that sellers are taking control.

2๏ธโƒฃ Evening Star

๐Ÿ”น 3-part reversal:

โ€ƒ1. Strong green candle

โ€ƒ2. Small indecisive candle

โ€ƒ3. Large red candle

๐Ÿ”น Indicates a shift from bullish to bearish.

3๏ธโƒฃ Bearish Pin Bar

๐Ÿ”น Small body + long upper wick.

๐Ÿ”น Rejection of higher prices = bearish pressure.

4๏ธโƒฃ Bearish Harami

๐Ÿ”น Large green candle โžœ followed by a small red one inside its body.

๐Ÿ”น Signals that buyers are losing strength.

โœจ Tips: Candlestick patterns are more effective when combined with volume, RSI, and moving averages. Donโ€™t trade solely based on patterns โ€” confirm with convergence!

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