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This image shows different candlestick patterns commonly used in technical analysis for trading. Here is an explanation of each pattern:

👉👉Top Row:

Hanging Man:

Occurs after an uptrend.

Indicates potential reversal to the downside.

The candle has a small body with a long lower shadow, signaling selling pressure.

👉Hammer:

Appears after a downtrend.

Indicates a possible reversal to the upside.

Small body with a long lower shadow suggests a rejection of lower prices.

👉Shooting Star:

Appears at the top of an uptrend.

Signals a potential bearish reversal.

Small body with a long upper shadow, indicating that buyers were overpowered by sellers.

👉Inverted Hammer:

Occurs after a downtrend.

May indicate a reversal to the upside.

Small body with a long upper shadow shows an attempt to push prices higher.

Middle Row:

👉Gravestone Doji:

Resembles a gravestone; no body or very small body.

Indicates a bearish reversal after an uptrend.

Open and close occur at the same level, with a long upper shadow.

👉Dragonfly Doji:

Appears like a "T".

Signifies a potential reversal, depending on its position in a trend.

The open and close are at the top with a long lower shadow.

👉Long-Legged Doji:

Both upper and lower shadows are long, with the open and close near the middle.

Shows indecision in the market and can signal a reversal.

👉Rickshaw Man Doji:

Similar to the long-legged doji but more exaggerated.

Reflects extreme indecision, making it a possible reversal indicator.

Bottom Row:

👉Spinning Top Doji:

Small body with upper and lower shadows.

Reflects indecision, with the trend possibly continuing or reversing.

👉Shaven-head:

A candlestick with no shadows (or very small ones).

If green, it signals strong buying. If red, it indicates strong selling pressure.

👉Marubozu:

No shadows; just a solid body.

Green Marubozu signals strong bullish sentiment, while red Marubozu indicates strong bearish sentiment.

Each of these candlestick patterns helps traders predict potential trend reversals or continuations in financial markets.#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCPredictedNewATH #Write2Earn! $WOO $BTC $SUI