š„š„ IMPORTANT CANDLESTICK PATTERNSĀ š„š„
š Bullish Patterns:
- Dragonfly Doji: Long lower shadow, no upper shadow; signals potential bullish reversal at a downtrend's bottom.
- Hammer: Small body with long lower shadow; indicates possible bullish reversal at a downtrend's bottom.
- Bullish Engulfing: Large bullish candle fully engulfs prior bearish candle, suggesting an upward reversal.
- Piercing: Bullish reversal pattern where second candle closes above midpoint of previous bearish candle.
- Tweezer Bottom: Similar lows on two candles, signaling a potential bottom and bullish reversal.
- Three White Soldiers: Three consecutive green candles with higher closes, showing strong buying momentum.
- Morning Star: Three-candle bullish reversal with bearish, small-bodied, and bullish candles at a downtrend's bottom.
š Bearish Patterns:
- Gravestone Doji: Long upper shadow, no lower shadow; indicates potential bearish reversal at an uptrend's top.
- Shooting Star: Small body with long upper shadow; suggests bearish reversal at an uptrend's top.
- Bearish Engulfing: Large bearish candle fully engulfs prior bullish candle, indicating a downward reversal.
- Dark Cloud Cover: Bearish reversal where second candle closes below midpoint of prior bullish candle.
- Tweezer Top: Similar highs on two candles, signaling a potential top and bearish reversal.
- Three Black Crows: Three consecutive red candles with lower closes, showing strong selling momentum.
- Evening Star: Three-candle bearish reversal with bullish, small-bodied, and bearish candles at an uptrend's top.