The Hammer Candlestick 🛠️📈
What it looks like: Similar open, high, and close with a long lower shadow.
What it means: Sellers pushed price down, but buyers forcefully rejected lower levels.
The Signal: Marks a potential bullish reversal at the bottom of a downtrend.
When you see this 3-candle setup, watch out for a bearish drop! 🚨
📉 The Evening Star in 3 steps:
Strong buyers 🟢 ➡️ Weakening momentum 🟡 ➡️ Sellers takeover 🔴 = Bearish Reversal incoming. 📉
💡 Result: A signal that the uptrend is ending and a bearish reversal is ahead.
📉 Trading The Morning Star Pattern 📈
A 3-candle bullish reversal pattern found at the bottom of a downtrend:
1️⃣ Bearish Candle: Sellers in control.
2️⃣ Small Candle: Selling momentum weakens.
3️⃣ Bullish Candle: Closes above the 50% mark of Candle 1. Signal confirmed! 🚀
📉 The Doji Candlestick
- A Doji forms when buyers and sellers push prices back to where they opened.
- It signals market indecision, equality, and a prior trend losing momentum—often teasing a potential reversal at the top or bottom of a move. 🧵👇 #Trading#PriceAction
@mrzhiji - When it is found at the bottom or at the top of a trend, it is a sign that a prior trend is losing its strengths.
- So if you are already riding that trend it’s time to take profits, it can also be used as an entry signal if it is combined with other technical analysis
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DOJI CANDLESTICK : Market Indecision 🕯️
A Doji forms when the market opens and closes at virtually the same price
• Represents market neutrality & indecision
• Acts as an early warning sign for a potential trend reversal 🔄
#Trading#TechnicalAnalysis#Candlesticks
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