15/10/2023
Fifth Topic-
Candlestick Patterns
⇧CANDLESTICK PATTERN⇩
*There are different type of candlestick pattern. and most important pattern this become useful your trading journey.
Piercing Line
The pattern includes the first day opening near the high and closing near the low.
Morning Star
A morning star forms following a downward trend and it indicate the start of an upward climb.
Evening Star
Evening star is appearing at the end of the uptrend and signals that a downtrend.
3 white soldiers
Three white soldiers are a bullish candle that is used to predict the reversal of the current downtrend in a pricing chart.
3 black crows
Three black crows indicate bearish candle pattern that predict the reversal of an uptrend.
Hanging Man
The candle is composed of a small real body, a long lower shadow and little or no upper shadow.
Shooting Star
A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow and a small real body near the low of the day.
Doji
Doji pattern is a candlestick pattern of indecision which is formed when the opening and closing prices are almost equal.