Euro / U.S. DollarEducation
Best Candlestick Patterns
Long Wick (Shadow) Candle: Buyers or sellers tried to push the price further but failed
The inside bar: After a long wick could mean price change
Also engulfing is a reversal signal.
Momentum candle:
Multiple rejections: Good resistance and sign of price rejection and reversal
Shrinking candles: Loss of momentum
3 consecutive candles in the same colour: indicate the start of a new trend.
Big red candle: bearish
Doji: Open and close are similar and we have shadows on both sides. Can be a signal for reversal if the next candle shapes in a different colour from the previous one.
Hammer: bullish
Inverted hammer: bearish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.