🚨 DAY 02 👇🏻There are two candlestick chart patterns, one for a bullish pattern & one for a bearish pattern, along with example scenarios:🐂Bullish Pattern: BULLISH HARAMIThe Bullish Harami is a two-candlestick pattern that indicates a potential bullish reversal. It occurs during a downtrend and consists of a large bearish candle followed by a small bullish candle completely contained within the range of the previous candle. The small bullish candle represents a temporary pause or indecision before the buyers step in, potentially leading to a trend reversal to the upside.👉🏻Example: Let's consider a stock in a downtrend. On Day 1, the stock price opens higher and experiences significant selling pressure throughout the day, resulting in a large bearish candle. On Day 2, the stock price opens lower than the previous day's close but trades within a smaller range and closes higher, forming a small bullish candle that is completely engulfed by the body of the bearish candle from Day 1. This Bullish Harami pattern suggests a potential reversal of the downtrend and a possible upward move in the stock's price.🧸Bearish Pattern: BEARISH ENGULFINGThe Bearish Engulfing pattern is a two-candlestick pattern that occurs during an uptrend, indicating a potential bearish reversal. It consists of a small bullish candle followed by a larger bearish candle that engulfs the body of the previous candle. The larger bearish candle represents a shift in momentum as sellers overpower the buyers, potentially leading to a trend reversal to the downside.👉🏻Example: Consider a currency pair in an uptrend. On Day 1, the exchange rate shows a small bullish candle with a limited price range. On Day 2, the exchange rate opens higher than the previous day's close, but the bears take control and push the price significantly lower, resulting in a larger bearish candle that completely engulfs the body of the previous bullish candle. This Bearish Engulfing pattern suggests a potential reversal of the uptrend and a possible downward move in the exchange rate.🧠 Remember that candlestick patterns should be used in conjunction with other technical analysis tools & indicators for more accurate analysis and informed trading decisions.⚠️Thank you for your support & kind words. If you have any further questions or need assistance, please let me know in the comments. I'm here to help in a professional manner.#Write2Earn #TradeNTell #TradeWithCK007 #TrendingTopic #TrendingTopic #BTC