"30 Days of Candlestick Chart Patterns: A Free Comprehensive Guide for Beginners to Expert Traders"
DAY _ 03 👇🏻👇🏻👇🏻Candlestick patterns are widely used in technical analysis to predict future price movements in financial markets. Here's an example of three candlestick patterns forming in both bullish and bearish swings.🐂 Bullish Swing Morning Star : This three-candle pattern occurs during a downtrend and indicates a potential bullish reversal. It consists of the following candles. The first candle is a long bearish candle, signaling the continuation of the downtrend. The second candle is a small-bodied candle, either bullish or bearish, which indicates indecision in the market. The third candle is a long bullish candle that closes above the midpoint of the first candle, confirming the reversal. 🐻 Bearish SwingEvening Star: This three-candle pattern occurs during an uptrend and suggests a potential bearish reversal. It includes the following candles. The first candle is a long bullish candle, indicating the continuation of the uptrend. The second candle is a small-bodied candle, either bullish or bearish, indicating indecision. The third candle is a long bearish candle that closes below the midpoint of the first candle, confirming the reversal.👉🏻 Please note that candlestick patterns should not be solely relied upon for making trading decisions, and it's essential to consider other technical indicators and fundamental analysis to validate your predictions and manage risk effectively.💰 Please Follow for more learnings and give your feedback, Thanks 🙏🏻#Write2Earn #TradeNTell #TrendingTopic #TradeWithCK007 #BinanceSquareCreatorAwards $BTC $SOL $ETH
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