Candlestick patterns are essential tools in technical analysis that help traders predict potential market movements based on price action. Each candlestick represents four key data points: Open, High, Low, and Close prices within a specific time frame.
Types of Candlestick Patterns:
1. Single Candlestick Patterns
Doji: Market indecision (Open ≈ Close)
Hammer: Bullish reversal, long lower wick
Shooting Star: Bearish reversal, long upper wick
Spinning Top: Market indecision, small body
2. Double Candlestick Patterns
Bullish Engulfing: Strong bullish reversal
Bearish Engulfing: Strong bearish reversal
Tweezer Bottom/Top: Reversal signals
3. Triple Candlestick Patterns
Morning Star: Bullish reversal (3 candles)
Evening Star: Bearish reversal (3 candles)
Three White Soldiers: Strong bullish continuation
Three Black Crows: Strong bearish continuation
✅ Importance in Trading:
Predict Trend Reversals
Identify Continuation Patterns
Spot Market Sentiment Early
Types of Candlestick Patterns:
1. Single Candlestick Patterns
Doji: Market indecision (Open ≈ Close)
Hammer: Bullish reversal, long lower wick
Shooting Star: Bearish reversal, long upper wick
Spinning Top: Market indecision, small body
2. Double Candlestick Patterns
Bullish Engulfing: Strong bullish reversal
Bearish Engulfing: Strong bearish reversal
Tweezer Bottom/Top: Reversal signals
3. Triple Candlestick Patterns
Morning Star: Bullish reversal (3 candles)
Evening Star: Bearish reversal (3 candles)
Three White Soldiers: Strong bullish continuation
Three Black Crows: Strong bearish continuation
✅ Importance in Trading:
Predict Trend Reversals
Identify Continuation Patterns
Spot Market Sentiment Early
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Details:
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Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Everyone! 👋
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.