⭐️ Candlestick Patterns ⭐️

A candlestick is a way of displaying information about an asset’s price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a few price bars.

★ Body - Represents the open-to-close range

★ Wick or shadow - Represents the intra-day high and low

★ Colour - Represents the direction of market movement – Green body indicates a price increase, while a Red body shows a price decrease

When using any candlestick pattern, it is important to remember that although they are great for quickly predicting trends, they should be used alongside other forms of technical analysis to confirm the overall trend.

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COMMON DOJI

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Dragonfly Doji

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Long-Legged Doji

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GraveStone Doji

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Morning Star

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Three White Solders

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Inverted Hammer

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Bullish Harami

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Bearish Harami

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Evening Star

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Hanging Man

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Three Black Crows

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Bullish Engulfing

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Bearish Engulfing

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Dark Cloud Cover

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Shooting Star