01

Feb

Bullish Candlestick Patterns:

  1. Hammer: A candlestick with a small body near the top and a long lower wick, indicating a potential reversal from a downtrend.

  2. Morning Star: A three-candle pattern consisting of a long bearish candle, followed by a small body (either bearish or bullish), and then a long bullish candle.

  3. Engulfing (Bullish Engulfing): A small red (bearish) candle followed by a larger green (bullish) candle that completely engulfs the body of the first one, suggesting a reversal.

  4. Piercing Line: A bullish pattern that occurs after a downtrend, where a long red candle is followed by a long green candle that opens lower but closes above the midpoint of the red candle.

  5. Doji: A candlestick with a small body and long wicks, signaling indecision in the market and potentially a reversal when it appears at key support or resistance levels.

Bearish Candlestick Patterns:

  1. Shooting Star: A candlestick with a small body near the bottom and a long upper wick, indicating a potential reversal from an uptrend.

  2. Evening Star: A three-candle pattern that is the opposite of the Morning Star, consisting of a long bullish candle, followed by a small body, and then a long bearish candle.

  3. Engulfing (Bearish Engulfing): A small green (bullish) candle followed by a larger red (bearish) candle that completely engulfs the body of the first one, signaling a potential reversal.

  4. Dark Cloud Cover: A bearish pattern that occurs after an uptrend, where a long green candle is followed by a long red candle that opens higher but closes below the midpoint of the green candle.

  5. Gravestone Doji: A Doji with a long upper wick and no lower wick, indicating a bearish reversal after an uptrend.

Continuation Patterns:

  1. Rising/ Falling Three Methods: A continuation pattern consisting of a long bullish or bearish candle, followed by three smaller candles in the same direction, and then a final long candle that continues the trend.

  2. Belt Hold: A single bullish or bearish candlestick that opens near the low (bullish) or high (bearish) and closes near the high (bullish) or low (bearish).

Post by Admin

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