📈 More Bullish Candlestick Patterns
1. Marubozu (Strongest Bullish Signal) 🚀
- A solid green candle💹with no wicks.
- Indicates strong buying momentum throughout the session.
- Suggests a continuation of the uptrend.
2. Hammer ⚒️
- Small body with a long lower wick.
- Appears at the bottom of a downtrend, signaling reversal.
- Shows that sellers pushed prices down, but buyers regained control.
3. Inverted Hammer ⚒️
- Small body with a long upper wick.
- Occurs in a downtrend and indicates a possible bullish reversal.
- Buyers attempted to push prices higher, showing potential strength.
4. Spinning Top ⌛
- Small body with long upper and lower wicks.
- Represents market indecision.
- Can lead to trend continuation or reversal, depending on the next candle.
5. Doji 🐕
- Open and close prices are almost the same, forming a cross-like shape.
- Indicates market indecision; neither buyers nor sellers are in control.
- Needs confirmation from the next candlestick.
6. Dragonfly Doji (Weakest Bullish Signal) 🐉
- Open, close, and high prices are nearly the same, with a long lower wick.
- Signals potential reversal when appearing at the bottom of a downtrend.
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📉 More Bearish Candlestick Patterns
1. Marubozu (Strongest Bearish Signal)
- A solid red candle with no wicks.
- Indicates strong selling pressure throughout the session.
- Suggests further downtrend continuation.
2. Shooting Star ✨
- Small body with a long upper wick.
- Appears at the top of an uptrend, signaling a bearish reversal.
- Sellers rejected higher prices, pushing the price lower.
3. Hanging Man 😄
- Small body with a long lower wick, resembling a hammer but appearing at the top of an uptrend.
- Signals potential bearish reversal, indicating that buyers are losing control.
4. Spinning Top ⌛
- Small body with long wicks on both sides.
- Represents indecision; can signal either a reversal or continuation.
- Needs confirmation from the next candlestick.
5. Doji 🐕💎
- Similar to a neutral Doji, where open and close prices are nearly the same.
- Indicates market hesitation and requires further confirmation.
6. Gravestone Doji (Weakest Bearish Signal) 🐕💎
- Open, close, and low prices are nearly the same, forming a long upper wick.
- Appears at the top of an uptrend, suggesting a potential reversal.
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🔍 How to Use These Patterns in Trading?
- Stronger signals (Marubozu, Hammer, Shooting Star) require less confirmation from other indicators.
- Weaker signals (Doji, Spinning Top) should be combined with volume analysis, trendlines, and moving averages for better accuracy.
- Always confirm patterns with the next candlestick and additional technical indicators before making a trade.
By understanding the strength of single candlestick patterns, traders can make more informed decisions, improving their chances of success in the market.
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