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Understanding Candlestick Patterns

Candlestick patterns are visual indicators used in technical analysis to predict market movements.

Top Reversal Patterns

1. Bearish Engulfing

2. Bullish Engulfing

3. Evening Star

4. Morning Star

5. Hammer

6. Inverted Hammer

7. Shooting Star

Continuation Patterns

1. Bullish Tweezers

2. Bearish Tweezers

3. Spinning Tops

Trend Indicators

1. Three Black Crows

2. Three White Soldiers

Multi-Candle Reversal Patterns

1. Three Inside Up

2. Three Inside Down

Risk Management Strategies

1. Set Stop-Losses

2. Manage Position Size

3. Use Other Indicators for Confirmation

4. Avoid Overtrading

Sample Strategy

1. Identify Trend

2. Look for Reversal Patterns

3. Place Stop-Loss Orders

4. Set Profit Targets

5. Reinvest Profits

Remember:

Trading involves risk.

Practice on a demo account.

Conduct thorough research.

Resources:

Investopedia's Candlestick Patterns Guide

TradingView's Candlestick Patterns Tutorial

Binance Academy's Risk Management Course

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