1️⃣ Hammer 🛠️
• Shape: Small body at the top and a long shadow downwards.
• Meaning:
• Occurs in a bearish trend and may indicate a possible shift towards a bullish trend.
• The long shadow shows that sellers tried to lower the price, but buyers took control.
2️⃣ Doji ✨
• Shape: Opening and closing prices are almost equal, with long or short shadows.
• Meaning:
• Represents indecision in the market.
• If it appears in a strong trend (bullish or bearish), it may signal a pause or possible trend change.
3️⃣ Bullish Engulfing 📈
• Shape: A large green candle that completely engulfs a previous red candle.
• Meaning:
• Usually appears in a bearish trend and may indicate a shift towards a bullish trend.
• Buyers strongly outpace sellers.
4️⃣ Bearish Engulfing 📉
• Shape: A large red candle that completely engulfs a previous green candle.
• Meaning:
• Occurs in a bullish trend and may signal a reversal to a bearish trend.
• Sellers take control of the market.
5️⃣ Morning Star 🌟
• Shape:
• Three candles: one long red, followed by a small candle (doji or short body), and then a long green candle.
• Meaning:
• Appears at the end of a bearish trend and signals a change towards a bullish trend.
6️⃣ Evening Star 🌌
• Shape:
• Three candles: one long green, followed by a small candle (doji or short body), and then a long red candle.
• Meaning:
• Indicates a possible reversal from a bullish trend to a bearish one.
7️⃣ Marubozu Candles 🕯️
• Shape: Candles with full bodies, without shadows or with minimal shadows.
• Meaning:
• Bullish Marubozu: Strong control by buyers, indicating a continuous bullish trend.
• Bearish Marubozu: Sellers have total control, showing bearish continuity.
These patterns are valuable tools in technical analysis, but they should always be complemented with other indicators and market contexts.