most pic illustrations are wrong, candle patterns are wrong,
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Bullish Engulfing - Description: A small red candle is followed by a larger green one that fully engulfs it. - Significance: Shows strong buying interest, indicating a potential bullish reversal at the end of a downtrend. --- Bearish Engulfing - Description: A small green candle is overtaken by a larger red candle that fully engulfs it. - Significance: Reflects dominant selling pressure, signaling a potential bearish reversal after an uptrend. --- Dark Cloud Cover - Description: A green candle is followed by a red one that opens above and closes below its midpoint. - Significance: Indicates selling pressure and a potential bearish reversal after an uptrend. --- Cloud Break (Ichimoku) - Description: Price breaks above or below the Ichimoku cloud. - Significance: Signals a bullish trend if it breaks upward, or bearish momentum if it breaks downward, indicating a trend shift. --- Tweezer Top - Description: Two candles with similar highs form after an uptrend. - Significance: Shows resistance and weakening buying momentum, hinting at a possible bearish reversal. --- Tweezer Bottom - Description: Two candles with similar lows appear after a downtrend. - Significance: Indicates strong support and suggests a potential bullish reversal. --- Bullish Harami - Description: A large red candle is followed by a smaller green one contained within the red’s body. - Significance: Shows reduced selling pressure, possibly signaling a bullish reversal at the end of a downtrend. --- Bearish Harami - Description: A large green candle followed by a small red candle contained within its body. - Significance: Reflects waning buying interest, suggesting a potential bearish reversal after an uptrend. --- Division Pattern - Description: Candles appear split or indecisive, signaling a market transition. - Significance: May precede a breakout or continuation; traders should look for confirmation. --- Bullish Counter Attack - Description: The second candle opens below the previous close and closes near its open, following a downtrend. - Significance: Indicates buyers stepping in, suggesting a possible bullish reversal. --- Bearish Counter Attack - Description: Following an uptrend, the second candle opens higher but closes near the previous close. - Significance: Shows selling pressure at resistance, potentially signaling a bearish shift. --- Flying Arrows - Description: Two consecutive candles moving in the same direction. - Significance: Represents strong momentum, suggesting a continuation of the current trend. --- Understanding these candlestick patterns can help identify trend reversals, momentum, and potential entries or exits in trades. #BTCBreaks84k #HaveYouBinanced #AltCoinRush #EthereumRally
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