This image shows various candlestick patterns commonly used in technical analysis for trading. Here is the description for each pattern:
1. Bullish Engulfing: A larger green candle fully engulfs a smaller red candle, signaling a potential reversal to the upside.
2. Morning Star: A three-candle pattern indicating bullish reversal. It starts with a large red candle, followed by a small-bodied candle (can be red or green), and ends with a large green candle.
3. Bullish Pin Bar: A single candle with a long lower wick and a small body, signaling rejection of lower prices and potential upward movement.
4. Bullish Harami: A two-candle pattern where a small green candle is completely inside the body of the previous larger red candle, suggesting a possible bullish reversal.
5. Bearish Engulfing: A larger red candle fully engulfs a smaller green candle, indicating a potential reversal to the downside.
6. Evening Star: A three-candle bearish reversal pattern. It begins with a large green candle, followed by a small-bodied candle, and concludes with a large red candle.
7. Bearish Pin Bar: A single candle with a long upper wick and small body, signaling rejection of higher prices and potential downward movement.
8. Bearish Harami: A two-candle pattern where a small red candle is contained within the previous larger green candle, suggesting a bearish reversal.