top five popular candlestick patterns used in technical analysis:

👉1. Doji**: This pattern signifies indecision in the market. It has a small body with wicks on both sides, indicating that the open and close prices are close to each other.

👉2. **Hammer**: A bullish reversal pattern that forms after a decline. It has a small body near the top of the candlestick with a long lower wick, resembling a hammer.

👉3. **Shooting Star**: This is a bearish reversal pattern that forms after an uptrend. It has a small body near the bottom of the candlestick with a long upper wick, resembling a shooting star.

👉4. **Engulfing Pattern**: This is formed by two candlesticks and indicates a reversal. A bullish engulfing pattern occurs when a small bearish candlestick is followed by a larger bullish candlestick. A bearish engulfing pattern occurs when a small bullish candlestick is followed by a larger bearish candlestick.

👉5. **Morning Star/Evening Star**: Morning Star is a bullish reversal pattern that consists of three candlesticks. It starts with a long bearish candlestick, followed by a small-bodied candlestick, and then a long bullish candlestick. Evening Star is the opposite, signaling a bearish reversal.

These patterns are often used by traders to analyze market sentiment and make trading decisions.$BNB #BinanceLaunchpool #altcoins