๐ฉ Bullish Candlestick Strength (Buy Signals)
โก From less bullish (weaker buyers) to more bullish (stronger buyers):
1. Marubozu (Green)
๐น Full bullish candle with no wicks.
๐น Strong buying pressure โ trend continuation likely.
2. Hammer
๐น Small body, long lower wick.
๐น Buyers stepped in after heavy selling โ potential reversal.
3. Bullish Spinning Top
๐น Small body, wicks on both sides.
๐น Market indecision, slight bullish bias.
4. Doji
๐น Open = Close price.
๐น Pure indecision โ needs confirmation.
5. Inverted Hammer
๐น Small body, long upper wick.
๐น Reversal sign after a downtrend, but weaker than the Hammer.
6. Draconily Doji (a stylized/rare form of Doji)
๐น Uncommon โ implies potential strong reversal, but context matters.
๐ฅ Bearish Candlestick Strength (Sell Signals)
โก From less bearish (weaker sellers) to more bearish (stronger sellers):
1. Gravestone Doji
๐น Open = Close near the bottom, long upper wick.
๐น Bulls failed โ possible reversal down.
2. Hanging Man
๐น Small body, long lower wick after an uptrend.
๐น Warning of a top forming.
3. Doji
๐น Indecision โ wait for next candle confirmation.
4. Bearish Spinning Top
๐น Small red body, wicks on both sides.
๐น Slight bearish control, but unclear trend.
5. Shooting Star
๐น Small body, long upper wick after an uptrend.
๐น Rejection of higher prices โ likely reversal.
6. Marubozu (Red)
๐น Full bearish candle, no wicks.
๐น Strong selling pressure โ downtrend continuation likely.
Summary:
Bullish candles suggest price may go up (good for buying).
Bearish candles suggest price may go down (good for selling or shorting).
The further to the right, the stronger the signal.
