Reversal Patterns Simplified📒
#Candlestick
🔵There are two types of reversal patterns in candlestick
1.Bullish 🐂
2.Bearish 🐻
🔵Bullish reversal pattern mostly occurs in downtrend or during intermediate corrections of uptrend,
Vice Versa for Bearish reversal pattern
1/n
#Candlestick
🔵There are two types of reversal patterns in candlestick
1.Bullish 🐂
2.Bearish 🐻
🔵Bullish reversal pattern mostly occurs in downtrend or during intermediate corrections of uptrend,
Vice Versa for Bearish reversal pattern
1/n
Reversal Patterns Simplified📒
Bullish 🐂
🔵Some common bullish reversal patterns identifed by traders on charts are
1.Bullish Engulfing
2.Three White Soldiers
3.Morning Star
4.Piercing Line
5.Inverted Hammer
🔵All patterns to be confirmed with price move & other indicators
2/n
Bullish 🐂
🔵Some common bullish reversal patterns identifed by traders on charts are
1.Bullish Engulfing
2.Three White Soldiers
3.Morning Star
4.Piercing Line
5.Inverted Hammer
🔵All patterns to be confirmed with price move & other indicators
2/n
Reversal Patterns Simplified📒
Bullish Engulfing
🔵Its a reversal pattern in which second candle (Green) completely engulfs the real body of the first(Red) candle
🔵On the second day price opens lower than the previous day low & close above previous day high
3/n
#Candlestick
Bullish Engulfing
🔵Its a reversal pattern in which second candle (Green) completely engulfs the real body of the first(Red) candle
🔵On the second day price opens lower than the previous day low & close above previous day high
3/n
#Candlestick
Reversal Patterns Simplified📒
Three White Soldiers
🔵It consists of 3 long green candles with consecutive closes above yesterday's low
🔵 Each candle opens higher than the previous open and closes near the high of the day
🔵It appeares in downtrend or after consolidation
4/n
Three White Soldiers
🔵It consists of 3 long green candles with consecutive closes above yesterday's low
🔵 Each candle opens higher than the previous open and closes near the high of the day
🔵It appeares in downtrend or after consolidation
4/n
Reversal Patterns Simplified 📒
Morning Star🐂
🔵 It consists of 3 candles: one small candle (doji) between a preceding long red candle and a succeeding long green one.
🔵This pattern comes with a bullish ray of hope in downtrend
Example - #Nifty made MS pattern near 7500
5/n
Morning Star🐂
🔵 It consists of 3 candles: one small candle (doji) between a preceding long red candle and a succeeding long green one.
🔵This pattern comes with a bullish ray of hope in downtrend
Example - #Nifty made MS pattern near 7500
5/n
Reversal Patterns Simplified📒
Piercing Line🐂
🔵 Its a pattern in which first long red candle is followed by a green candle that opens lower than the previous close &
🔵On the second day it closes above the halfway mark or more into the real body of previous day red candle
6/n
Piercing Line🐂
🔵 Its a pattern in which first long red candle is followed by a green candle that opens lower than the previous close &
🔵On the second day it closes above the halfway mark or more into the real body of previous day red candle
6/n
Reversal Patterns Simplified📒
Inverted Hammer🐂
🔵It a bullish reversal pattern occurs near a bottom of the downtrend
🔵It consists of short candle with a longer lower shadow & small body
🔵Next few days candles must be watched for better confirmation
End of Thread
Thanks 🙏
Inverted Hammer🐂
🔵It a bullish reversal pattern occurs near a bottom of the downtrend
🔵It consists of short candle with a longer lower shadow & small body
🔵Next few days candles must be watched for better confirmation
End of Thread
Thanks 🙏
