Types of Japanese candlesticks in technical analysis
1. Single candles: Hammer: Indicates an upward reversal at the end of a downtrend. Hanging Man: Indicates a bearish reversal at the end of an uptrend. Shooting Star: Indicates a bearish reversal after an uptrend. Inverted Hammer: Indicates an upward reversal after a downtrend. 2. Binary candles: Bullish Engulfing: Reflects a bullish reversal when a bullish candle engulfs the previous bearish candle.
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