Signal light is bullish
Bullish:
1. Dragonfly Doji
Features: The opening price, closing price and high price are the same, forming a long lower shadow.
Meaning: It means that the bulls are exerting their strength in the process of price decline, and there may be a reversal and rise.
2. Hammer
Features: Small body, long lower shadow, appears in a downtrend.
Meaning: It means that the bulls are starting to fight back and a reversal upward trend may occur.
3. Bullish Engulfing
Characteristics: The second green candle completely engulfs the body of the previous red candle.
Meaning: A strong buy signal, indicating that the trend may reverse upwards.
4. Piercing
Characteristics: The second green candle opens below the low of the previous red candle and closes above the middle of the real body of the previous candle.
Meaning: It means that the buyer's power is stronger than the seller's, and a reversal upward trend may occur.
5. Tweezer Bottom
Characteristics: Two or more candlesticks have the same low.
Meaning: Indicates that the support level is very strong and the price may bounce back.
6. Morning Star
Features: Consists of a long red candle, a small candle (can be any color) and a long green candle.
Meaning: It indicates that the downward trend may end and an upward trend may occur.
7. Three White Soldiers
·Features: Three consecutive long green candles with gradually higher closing prices. ·Meaning: A strong buy signal, indicating that market sentiment has turned optimistic and prices may continue to rise.
Bearish
1. Inverted Hammer
Features: Small body, long upper shadow, appears in an upward trend.
Meaning: It indicates that the bullish force is beginning to weaken and a reversal decline may occur.
2. Gravestone Doji
Features: The opening price, closing price and low price are the same, forming a long upper shadow.
Meaning: There is great pressure from above and a reversal and decline may occur.
3. Dark Cloud Cover
Characteristics: The second red candle opens above the high of the previous green candle and closes below the middle of the body of the previous candle.
Meaning: Sellers begin to outperform buyers, and a reversal down may occur.
4. Bearish Engulfing
Characteristics: The second red candle completely engulfs the body of the previous green candle.
, meaning: strong sell signal, the trend may reverse downward.
5. Tweezer Top
Characteristics: Two or more candlesticks have the same high.
Meaning: Indicates that the resistance level is very strong and the price may fall.
6. Evening Star
Features: Consists of a long green candle, a small candle (can be any color) and a long red candle.
Meaning: It indicates that the upward trend may end and a decline may occur.
7. Three Dark Crows
Characteristics: Three consecutive long red candles with gradually lower closing prices. Meaning: A strong sell signal, prices may continue to fall.