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🔥 *Candlestick Patterns Cheat‑Sheet for Traders* 🔥
Ever wonder how pros read the market’s mood just by looking at a few bars? 📊 Here are the 12 classic bullish & bearish patterns you need to know:
1. *Engulfing*
- _Bullish Engulfing_: a big green candle swallows the previous red one → signals a potential *uptrend*.
- _Bearish Engulfing_: a big red candle swallows the green one → warns of a *downtrend*.
2. *Marubozu*
- _Bullish Marubozu_: a solid green candle with no wicks → strong buying pressure, expect *upward* move.
- _Bearish Marubozu_: a solid red candle with no wicks → intense selling, expect *downward* move.
3. *Hammer*
- _Bullish Hammer_: small body, long lower wick → buyers are stepping in after a dip, hints at *reversal up*.
- _Bearish Hammer_ (Hanging Man): same shape in an uptrend → possible *reversal down*.
4. *Pin Bar*
- _Bullish Pin Bar_: long lower tail, small body → price rejects lower levels, signals *buy*.
- _Bearish Pin Bar_: long upper tail → rejects higher levels, signals *sell*.
5. *Harami*
- _Bullish Harami_: small green body inside a larger red one → potential *upturn*.
- _Bearish Harami_: small red body inside a larger green one → possible *downturn*.
6. *Spinning Top*
- _Bullish Spinning Top_: small body with long wicks → market indecision, can lead to *up* if confirmed.
- _Bearish Spinning Top_: similar indecision, may lead to *down* move.
💡 *Tip*: Always confirm these patterns with volume or other indicators before making a trade. The market loves to throw false signals, so stay sharp and use proper risk management.
👉 Which of these patterns do you use most in your trading? Are you looking for tips on how to spot them in real-time charts? 🤔