6 Candlestick Patterns Every Trader Should Know💡
1. Doji: Market indecision signaled by an open and close at the same or nearly the same price. Time to watch for potential trend reversals!
2. Morning Star/Evening Star: A three-candle pattern signaling potential trend reversals. Morning Star for bullish and Evening Star for bearish.
3. Hammer: A bullish reversal pattern with a small body and a long lower wick. It suggests a potential upward reversal 🔨
4. Inside Bar: Representing a period of consolidation, it occurs when the current candle's high and low are within the previous candle's high and low. Indicates potential breakout or continuation.
5. Dark Cloud Cover: A bearish reversal pattern formed when a bearish candle follows a bullish one.
6. Bullish Harami/Bearish Harami: These patterns involve a small candle inside the previous large one. Bullish for potential upward reversal, bearish for the opposite.
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