10 Candlestick Patterns You need To Know
🔷 Bullish engulfing: A candlestick pattern where a smaller bearish candle is followed by a larger bullish candle, indicating a potential reversal of a downtrend.
🔷 Bearish engulfing: The opposite of a bullish engulfing pattern, where a smaller bullish candle is followed by a larger bearish candle, suggesting a potential reversal of an uptrend.
🔷Tweezer tops: Two consecutive candlesticks with equal or near-equal high prices, indicating possible resistance and a potential reversal from an uptrend.
🔷Tweezer bottoms: Similar to tweezer tops, but indicates support and a potential reversal from a downtrend.
🔷Bullish harami:A bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend. It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
🔷Morning star:A three-candle pattern consisting of a bearish candle, a small indecisive candle, and a bullish candle, indicating a potential reversal from a downtrend.
🔷Evening star: The opposite of a morning star pattern, consisting of a bullish candle, a small indecisive candle, and a bearish candle, suggesting a potential reversal from an uptrend.
🔷Three white soldiers: Three consecutive long bullish candles, typically seen as a strong bullish reversal pattern.
🔷Three black crows: Three consecutive long bearish candles, often considered a bearish reversal pattern.
🔷Three inside up: A bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle.
