$SEI announces Japanese candlestick patterns
Bullish Patterns:
1. Bullish Engulfing:
- A bullish reversal pattern that appears at the bottom
- The second candle "engulfs" the entire body of the first candle
2. Morning Star:
- A bullish reversal pattern consisting of 3 candles
- A small candle after a strong decline followed by a strong bullish candle
3. Bullish Pin Bar:
- A candle with a long tail at the bottom and a small body
- Indicates price rejection at lower levels
4. Bullish Harami:
- A bullish reversal pattern
- A small candle within the range of a previous large candle
Note: These patterns are more reliable when they appear in support/resistance areas or with other technical indicators.
#PATTERN #CandelStickPattern #candelstick #candels #StrategicTrading
Bullish Patterns:
1. Bullish Engulfing:
- A bullish reversal pattern that appears at the bottom
- The second candle "engulfs" the entire body of the first candle
2. Morning Star:
- A bullish reversal pattern consisting of 3 candles
- A small candle after a strong decline followed by a strong bullish candle
3. Bullish Pin Bar:
- A candle with a long tail at the bottom and a small body
- Indicates price rejection at lower levels
4. Bullish Harami:
- A bullish reversal pattern
- A small candle within the range of a previous large candle
Note: These patterns are more reliable when they appear in support/resistance areas or with other technical indicators.
#PATTERN #CandelStickPattern #candelstick #candels #StrategicTrading