A hammer is a bullish reversal candlestick that forms after a downtrend. It has a small body and a long lower shadow, indicating buyers are pushing price back up.
Engulfing Pattern
A bullish engulfing pattern occurs when a small red candle is followed by a large green candle that completely engulfs it. It signals a potential bullish reversal.
Morning Star
Morning Star is a bullish reversal pattern made of three candles: a bearish candle, a small indecision candle, and a strong bullish candle.
Evening Star
The Evening Star is a bearish reversal pattern. It appears at the top of an uptrend and consists of a bullish candle, a small candle, and a bearish candle.
Shooting Star
The shooting star is a bearish candlestick pattern that looks like an inverted hammer and indicates a potential reversal at the top of an uptrend.
