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@danesimomoh: P-Square in the city this weekend for the first #AfrobeatsMusicFestival
Danesi David Momoh 💙🦇
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Region: CA
Friday 19 August 2022 17:16:50 GMT
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Bullish, Bearish & Reversal Candlestick Patterns | All Candlestick Signals 1. Bullish Candlestick Signals These patterns suggest a potential upward price movement. a) Bullish Engulfing Formation: A small bearish candle followed by a large bullish candle that completely engulfs the first one. Psychology: Buyers overpower sellers, shifting market sentiment upward. Signal Strength: Stronger when formed after a downtrend. b) Morning Star Formation: Bearish candle → Small indecision candle (doji/spinning top) → Strong bullish candle. Psychology: Selling slows down, buyers gain control. Signal Strength: High reliability in a downtrend reversal. c) Hammer Formation: Small body, long lower shadow, little or no upper shadow. Psychology: Price dropped but buyers pushed it back up strongly. Signal Strength: Stronger if supported by high volume. d) Piercing Pattern Formation: Bearish candle followed by a bullish candle that opens lower but closes above the midpoint of the previous candle. Psychology: Buyers regaining control after a sell-off. Signal Strength: Moderate to strong in oversold conditions. 2. Bearish Candlestick Signals These patterns suggest a potential downward price movement. a) Bearish Engulfing Formation: Small bullish candle followed by a large bearish candle that engulfs the first one. Psychology: Sellers overpower buyers, shifting market sentiment downward. Signal Strength: Stronger when formed after an uptrend. b) Evening Star Formation: Bullish candle → Small indecision candle → Strong bearish candle. Psychology: Buying slows, sellers gain momentum. Signal Strength: Highly reliable reversal signal. c) Shooting Star Formation: Small body, long upper shadow, little or no lower shadow. Psychology: Price rose but sellers pushed it back down strongly. Signal Strength: Stronger near resistance levels. d) Dark Cloud Cover Formation: Bullish candle followed by a bearish candle that opens higher but closes below the midpoint of the first candle. Psychology: Sudden shift from buying to selling pressure. Signal Strength: Moderate to strong near overbought areas. 3. Reversal Candlestick Signals These indicate a possible change in market direction. Doji: Open and close are almost equal → market indecision. Dragonfly Doji: Long lower shadow → buyers recovering after selling pressure. Gravestone Doji: Long upper shadow → sellers recovering after buying pressure. Harami (Bullish/Bearish): Small candle within the previous candle’s range → trend slowing. Tweezer Tops & Bottoms: Equal highs or lows → rejection of higher or lower prices. 4. Continuation Candlestick Signals These suggest the current trend may continue. Rising Three Methods: Strong bullish candle → small bearish candles → strong bullish candle. Falling Three Methods: Strong bearish candle → small bullish candles → strong bearish candle. Marubozu (Bullish/Bearish): No shadows → strong momentum in one direction. Three White Soldiers: Three consecutive bullish candles with higher closes. Three Black Crows: Three consecutive bearish candles with lower closes. 5. Indecision Candlestick Signals These show hesitation in the market. Spinning Top: Small body, equal shadows → balance between buyers and sellers. Long-legged Doji: Large wicks both sides → extreme indecision. Inside Bar: Candle fully contained within the previous one → market waiting for a breakout. Candlestick Signal Strength Factors Location: Near support/resistance zones. Volume: Higher volume increases reliability. Trend Context: Patterns are stronger when they align with the overall trend. Timeframe: Higher timeframes give stronger signals. candlestick signals bullish candlestick patterns bearish candlestick patterns reversal candlestick signals continuation candlestick patterns indecision candlestick signals candlestick trading guide #candlestickpatterns #candlesticktrading #bullishsignal #bearishsignal #priceaction #chartpatter
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