Key Patterns to Master:
1. Doji – Signals indecision in the market.
2. Engulfing – Powerful bullish or bearish reversal.
3. Hammer – Bullish reversal with a long lower wick.
4. Morning Star – Indicates a bullish reversal.
5. Shooting Star – Bearish reversal with a long upper wick.
Bullish Patterns:
1. Bullish Engulfing – Green candle fully engulfs the previous red, signaling strong buying interest.
2. Hammer – Long lower wick with a short body, showing bullish control after a dip.
Bearish Patterns:
1. Bearish Engulfing – Red candle overtakes the previous green, hinting at selling pressure.
2. Shooting Star – Long upper wick with a short body, warning of a potential downturn.
Profitable Application:
1. Spot these patterns on 5-minute charts for quick entries and exits.
2. Enter/exit trades before major price swings to capture fast gains.
3. Aim for small, consistent profits by capitalizing on brief market shifts.
Tips:
1. Focus on high-volume assets like popular cryptocurrencies for reliable patterns.
2. Practice identifying patterns during peak trading hours.
3. Sharpen your skills over time to maximize your earnings!
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