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Candlestick Patterns

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6 views1 page

Candlestick Patterns

Uploaded by

homenepal1998
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Candlestick Patterns Every Trader Must Know

Candlestick Patterns Every Trader Must Know ------------------------------------------- Introduction:


Candlestick patterns are visual representations of price movements that provide insights into market
psychology. They help traders identify potential reversals, continuations, and entry/exit signals. Key
Patterns: 1. Doji: A sign of indecision where open and close are nearly equal. May signal a reversal. 2.
Hammer: A bullish reversal pattern that appears after a downtrend. Shows rejection of lower prices. 3.
Shooting Star: A bearish reversal signal at the top of an uptrend. 4. Engulfing Patterns: Bullish
engulfing shows buyers overpowering sellers; bearish engulfing shows the opposite. How to Use Them:
Candlestick patterns work best when combined with support/resistance levels and other indicators like
RSI or Moving Averages. They should not be used alone. Conclusion: Candlestick analysis helps
traders understand market sentiment in real-time. Mastering a few reliable patterns is better than
memorizing all of them.

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