1. Shooting Star:
A bearish reversal candlestick pattern with a small body near the low, and a long upper wick.
It appears after an uptrend, signaling potential selling pressure.
The long wick indicates failed attempts to push higher.
Confirmation comes with a bearish candle following it.
Traders use it to predict reversals in bullish trends.
2. Flat Top Breakout:
A bullish continuation pattern with a horizontal resistance level.
Price consolidates beneath the flat top before breaking upward.
Volume often increases during the breakout phase.
This indicates strong buying momentum building up.
Traders anticipate sharp upward movement after the breakout.
3. Bear Flag:
A bearish continuation pattern formed after a sharp downward move.
Price consolidates upward in a parallel channel or flag-like structure.
The breakout below the flag signals a continuation of the downtrend.
Volume usually decreases during consolidation and increases on breakout.
Used to identify opportunities in a strong bearish trend.
4. Head and Shoulders:
A bearish reversal pattern with three peaks: two shoulders and a higher head.
The neckline serves as the critical breakout level.
Breaking the neckline confirms a downtrend continuation.
Volume often increases during the breakdown phase.
Traders view it as a signal to sell or short the asset.
5. Bullish Engulfing:
A bullish reversal pattern where a larger green candle engulfs a smaller red one.
It signals strong buying momentum overpowering selling pressure.
Occurs at the bottom of a downtrend, indicating potential reversal.
The longer the green candle, the stronger the signal.
Often confirmed by further bullish price action.
6. Inverted Hammer:
A single candlestick with a small body at the bottom and a long upper wick.
Appears after a downtrend, signaling a potential reversal to the upside.
The upper wick reflects rejection of lower prices by buyers.
Confirmation requires a bullish candle following it.
Traders use it to anticipate a trend reversal or consolidation.
7. Bull Flag:
A bullish continuation pattern following a sharp upward move.
Price consolidates downward in a flag-like structure.
The breakout above the flag signals a continuation of the uptrend.
Volume decreases during consolidation and spikes on breakout.
Used to identify opportunities in a strong bullish trend.
8. Flat Top Breakdown:
A bearish continuation pattern with a horizontal support level.
Price consolidates above the flat bottom before breaking downward.
Volume usually increases during the breakdown phase.
Indicates strong selling pressure building up.
Traders anticipate sharp downward movement after the breakdown.
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