Candlestick patterns are a broad topic. Our goal here is to provide an explanation of the most important candlestick patterns. Read our comprehensive course on candlestick patterns published previously for more ideas.
Bullish Japanese Candlestick Patterns
Bullish patterns may form after a downtrend in the market and indicate a reversal in price action. They are an indicator of a bullish chart pattern. Traders look through these patterns to open a buy position to profit from any upward trend.
hammer candle pattern
Inverted Hammer Candle Pattern
Bullish Engulfing Candle Pattern
Piercing Line Candle Pattern
Morning Star Candle Pattern
Three White Soldiers Candlestick Pattern
Bearish Japanese Candlestick Patterns
Bearish candlestick patterns usually form after an uptrend and indicate a resistance point. Extreme pessimism about the market price often leads traders to close long positions and open short positions to profit from the price decline.
Hanging Man Candlestick Pattern
Shooting Star Candlestick Pattern
Bearish Engulfing Candle Pattern
Evening Star Candle Pattern
Three Black Crows Candlestick Pattern
Japanese Candlestick Patterns Continuation
If the candlestick pattern does not indicate a change in the market trend, it is known as a continuation pattern. These patterns can help traders identify when the market is in a respite and when there is market indecision or neutral price action.
Doji candle pattern
Spinning Top Candlestick Pattern
Three falling candlestick pattern
Three rising candlestick pattern
We have already taken all the mentioned patterns and soon we will share with you the rest of the series which are the chart patterns of the Western pattern.
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