Master these six candles and you won't lose again** ๐จ
๐ฅ Ultimate bullish reversal patterns
1๏ธโฃ๐ ๏ธ Hammer pattern
- Looks like: a small body, long lower wick.
- Where? Bottom of the downtrend.
- What it means: Sellers were strongly rejected - buyers step in.
- ๐จ Confirmation: The next candle must be green.
2๏ธโฃ๐ Inverted hammer
- Looks like: an inverted hammer (long upper wick).
- Where? After the drop.
- What it means: Buyers tried to push up - the next candle confirms the reversal.
3๏ธโฃ ๐ Bullish engulfing
- Looks like: A small red candle engulfed by a giant green candle.
- Where? After a strong drop.
- What it means: Bulls have just taken over the bears.
4๏ธโฃ๐ Morning star
- Three candle pattern:
1. Large red candle (panic).
2. Small indecision candle (the market is hesitant).
3. Huge green candle (bulls are in control).
- What it means: Confirmation of a trend reversal.
5๏ธโฃ โก Thrust line
- Two candle pattern:
1. Strong red candle.
2. The green candle opens at a lower level but closes higher than the midpoint of the red candle.
- What it means: Buyers are stronger than sellers.
6๏ธโฃ ๐๏ธ Three white soldiers
- Three candle pattern:
- Three consecutive green candles with small wicks.
- Each opens within the body of the previous candle.
- What it means: Continued bull momentum.
### ๐ Important rules:
โ Always confirm using volume level (higher volume = stronger signal).
โ Check support/resistance levels (patterns close to key levels work best).
โ Use the relative strength index/moving averages for additional confirmation.
๐ก Pro tip: The stronger the confirmation, the higher the chance of a massive move.
๐ Share this with the trader who needs it!
โฌ๏ธ Mark โค๏ธ if this helps you!
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