#candlestick_patterns

Candlestick Chart Patterns: From Basic to Intermediate

Basic Patterns

1. Hammer: A bullish reversal pattern with a small body at the top and a long wick at the bottom.

2. Shooting Star: A bearish reversal pattern with a small body at the bottom and a long wick at the top.

3. Bullish Engulfing: A bullish reversal pattern with a small bearish candle followed by a large bullish candle.

4. Bearish Engulfing: A bearish reversal pattern with a small bullish candle followed by a large bearish candle.

Intermediate Patterns

1. Piercing Line: A bullish reversal pattern with a bearish candle followed by a bullish candle that closes above the midpoint of the bearish candle.

2. Dark Cloud Cover: A bearish reversal pattern with a bullish candle followed by a bearish candle that closes below the midpoint of the bullish candle.

3. Morning Star: A bullish reversal pattern with a bearish candle followed by a small bullish candle and then a large bullish candle.

4. Evening Star: A bearish reversal pattern with a bullish candle followed by a small bearish candle and then a large bearish candle.

5. Three White Soldiers: A bullish pattern with three consecutive bullish candles.

6. Three Black Crows: A bearish pattern with three consecutive bearish candles.

Candlestick Combinations

1. Doji: A neutral candle with an equal open and close price.

2. Spinning Top: A neutral candle with a small body and long wicks.

3. Marubozu: A bullish or bearish candle with no wicks.

4. Inverted Hammer: A bullish reversal pattern with a small body at the bottom and a long wick at the top.

These are just a few of the many candle charts patterns used in crypto trading.