Technical Class

Candlestick patterns are essential tools in technical analysis that help traders predict potential market movements based on price action. Each candlestick represents four key data points: Open, High, Low, and Close prices within a specific time frame.

Types of Candlestick Patterns:
1. Single Candlestick Patterns
Doji: Market indecision (Open ≈ Close)

Hammer: Bullish reversal, long lower wick

Shooting Star: Bearish reversal, long upper wick

Spinning Top: Market indecision, small body

2. Double Candlestick Patterns
Bullish Engulfing: Strong bullish reversal

Bearish Engulfing: Strong bearish reversal

Tweezer Bottom/Top: Reversal signals

3. Triple Candlestick Patterns
Morning Star: Bullish reversal (3 candles)

Evening Star: Bearish reversal (3 candles)

Three White Soldiers: Strong bullish continuation

Three Black Crows: Strong bearish continuation

✅ Importance in Trading:
Predict Trend Reversals

Identify Continuation Patterns

Spot Market Sentiment Early