How to Make $25 to $100 Every Day. Follow this guide: (11 candlestick patterns 📉). This will be your key to success.
Hanging Man candlestick pattern
The hanging man shows a strong sell-off right after the open, causing the price to fall sharply, but then buyers push the price back near the opening level. This is seen as a sign that buyers are losing control and the asset may soon enter a downtrend.Hammer candlestick pattern
The Hammer candlestick pattern is a special candlestick pattern that signals a possible trend reversal. The Hammer appears in a downtrend, indicating a return to an uptrend. It is a short green candle with a long lower shadow, indicating rejection of low prices.Shooting Star candlestick pattern
The Shooting Star candlestick pattern occurs when an asset price pushes up significantly but then rejects and closes near its opening price. This can be a sign of a bearish reversal, meaning the uptrend may not continue.
Inverted Hammer Candlestick Pattern
Like the Hammer candlestick, this pattern signals a possible trend reversal. The Inverted Hammer appears in a downtrend and shows rejection of low prices, which is a positive signal for an upcoming uptrend.
Gravestone Doji Candlestick Pattern
Gravestone Doji is a popular bearish indicator in technical analysis. It is formed when the open, low and close are close together, with a long upper shadow, signaling a bearish reversal.
Dragonfly Doji Candlestick Pattern:
Dragonfly Doji is a candlestick pattern that can signal a price reversal, depending on previous price action. It forms when the high, open, and close are all nearly equal.
Long Legged Doji Candlestick Pattern:
Long Legged Doji is a candlestick pattern that shows market indecision about future price direction. This candle has long upper and lower shadows, with the opening and closing prices being almost equal.
Rickshaw Man Doji Candlestick Pattern:
This pattern shows that the opening and closing prices are close together, forming a doji, while the high and low prices are far apart, forming a long shadow. This shows the market's indecision.
Spinning Top Doji Candlestick Pattern:
Both Spinning Tops and Dojis represent indecision. Dojis have small candlestick bodies and small upper and lower shadows, while Spinning Tops have longer shadows. Both can signal a reversal after a sharp price move.
Shaven-Head Candlestick Pattern:
If a candle has no upper shadow, it is called a “shaven head”, indicating that selling pressure is dominant. Conversely, if there is no lower shadow, it is called a “shaven bottom”, indicating that buyers are in control of the market.
Marubozu candlestick pattern:
Marubozu is a candlestick with no shadows, which shows strong buying or selling pressure throughout the trading session. It shows the aggressiveness in the market and can be used as a strong signal in trading.
Conclusion
When you follow these candlestick patterns, “you will never have losses, only profits”. I hope you will follow and apply these charts.