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Types of Japanese candlesticks in technical analysis
1. Single candles:
Hammer: Indicates an upward reversal at the end of a downtrend.
Hanging Man: Indicates a bearish reversal at the end of an uptrend.
Shooting Star: Indicates a bearish reversal after an uptrend.
Inverted Hammer: Indicates an upward reversal after a downtrend.
2. Binary candles:
Bullish Engulfing: Reflects a bullish reversal when a bullish candle engulfs the previous bearish candle.
Hammer: Indicates an upward reversal at the end of a downtrend.
Hanging Man: Indicates a bearish reversal at the end of an uptrend.
Shooting Star: Indicates a bearish reversal after an uptrend.
Inverted Hammer: Indicates an upward reversal after a downtrend.
2. Binary candles:
Bullish Engulfing: Reflects a bullish reversal when a bullish candle engulfs the previous bearish candle.
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