Which are the good candlestick patterns to spot for?
1 Answer
<p id="isPasted"><strong>Good Candlestick Patterns:</strong></p><p><strong>Bullish:</strong></p><ul><li><p>Bullish Engulfing: long green engulfing red, potential uptrend.</p></li><li><p>Piercing Line: small red followed by large green closing above halfway, a potential break higher.</p></li><li><p>Morning Star: small red, small green, large green, potential uptrend reversal.</p></li><li><p>Three White Soldiers: 3 consecutive green candles closing higher, strong uptrend.</p></li><li><p>Hammer: small body, long lower wick, short upper wick at downtrend bottom, potential buying pressure.</p></li><li><p>Inverse Hammer: small body, long upper wick, short lower wick at uptrend top, potential selling pressure.</p></li></ul><p><strong>Bearish:</strong></p><ul><li><p>Bearish Engulfing: long red engulfing green, potential downtrend.</p></li><li><p>Dark Cloud Cover: large red followed by small green opening above but closing below the previous candle midpoint, a potential break lower.</p></li><li><p>Evening Star: small green, small red, large red, potential downtrend reversal.</p></li><li><p>Three Black …</p></li></ul>