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This image presents common candlestick patterns used in technical analysis of financial markets, along with their associated buy or sell signals. Here's a brief explanation of each pattern:
đHammer (Buy Signal): A single candlestick pattern with a small body and a long lower shadow. It indicates a potential bullish reversal at the bottom of a downtrend, signaling a buy opportunity.
đHanging Man (Sell Signal): Similar in appearance to the hammer, but it occurs at the top of an uptrend. It suggests a bearish reversal, signaling a sell opportunity.
đShooting Star (Sell Signal): A single candlestick pattern with a small body and a long upper shadow. It indicates a potential bearish reversal at the top of an uptrend, signaling a sell opportunity.
đMorning Star (Buy Signal): A three-candlestick pattern that appears after a downtrend. It consists of a long bearish candle, a short indecisive candle, and a bullish candle. This pattern suggests a bullish reversal and a buy signal.
đThree Inside Up (Buy Signal): A three-candlestick pattern that starts with a long bearish candle followed by a smaller bullish candle that is within the body of the first candle, and a third bullish candle that closes above the high of the first candle. It signals a bullish reversal.
đBearish Breakaway (Sell Signal): A five-candlestick pattern that shows the market breaking away from a bullish trend, followed by a bearish trend. This indicates a sell signal.
đBullish Breakaway (Buy Signal): This is the opposite of the bearish breakaway. It indicates the market is breaking away from a downtrend, suggesting a bullish reversal and a buy signal.
đEvening Star (Sell Signal): A three-candlestick pattern that appears after an uptrend, consisting of a long bullish candle, a short indecisive candle, and a bearish candle. It signals a bearish reversal and a sell signal.
đThree Outside Down (Sell Signal): A three-candlestick bearish reversal pattern. It starts with a bullish candle, followed by a larger bearish candle that engulfs the first candle, and a third bearish candle that confirms the reversal.#BTCReboundsAfterFOMC $BTC
