CandleStick Pattren

Candlestick patterns are a valuable tool in technical analysis for understanding price movements.

1. Hammer: A bullish reversal pattern with a small body and a long lower wick. It often appears after a downtrend, signaling potential trend reversal.
2. Inverted Hammer: Similar to the hammer but with a long upper wick. Also indicates potential trend reversal.
3. Bullish Engulfing: A two-candle pattern where the second candle completely engulfs the first one. Suggests a bullish reversal.
4. Morning Star: A three-candle pattern with a doji or small body in the middle, signaling a bullish reversal.
5. Bearish Engulfing: The opposite of bullish engulfing, indicating a bearish reversal.
6. Dark Cloud Cover: A bearish reversal pattern formed by two candles, where the second one opens higher but closes below the midpoint of the first candle.
7. Doji: A single candle with almost equal open and close prices, indicating indecision in the market.