#MarketNewHype "Master These 27 Candlestick Patterns to Predict Market Moves Like a Pro! đĽđ"
Want to decode the psychology of price action? Candlestick patterns are your go-to tool! They donât just look prettyâthey tell a story of market sentiment, power plays, and possible reversals or continuations. đ Hereâs your ultimate guide to master the art of candlestick patterns for better trading decisions. đ
What Are Candlestick Patterns?
Candlesticks show opening, closing, high, and low prices within a specific time frame. They form unique patterns that reflect market sentimentâbullish, bearish, or neutral. Letâs dive into these patterns step-by-step!
Bullish Candlestick Patterns đ (Buy Signals)
Single Candle Patterns
Hammer đ ď¸: A small body with a long lower wickâsignals a reversal after a downtrend.
Inverted Hammer: A long upper wickâindicates potential bullish reversal.
Dragonfly Doji: Price opens and closes at the same level with a long lower shadow.
Two Candle Patterns
Bullish Engulfing: A green candle completely engulfs the previous red candleâpowerful trend reversal signal.
Piercing Line: A green candle opens below and closes above the middle of a red candle.
Tweezer Bottom: Two candles with matching lows after a downtrend.
Three+ Candle Patterns
Morning Star: A three-candle reversal pattern after a downtrend.
Three White Soldiers đŞ: Three consecutive long green candlesâstrong upward trend confirmation.
Bearish Candlestick Patterns â ď¸ (Sell Signals)
Single Candle Patterns
Hanging Man: Looks like a hammer but appears at the top of an uptrendâsignals reversal.
Shooting Star: Small body, long upper wickâindicates bearish pressure.
Gravestone Doji: A Doji with a long upper wick, signaling market rejection at higher prices.