Some Common Candlestick Patterns (Part 3.1)

In the previous four posts you have seen that I have shared 8 types of Candlestick Patterns with you and today it is the third post related to this. In today's post I will show you two more Candlestick Patterns, later I will share other two patterns. Basically I try to give basic examples of these while discussing so that you can get an idea about these Candlestick Patterns and from this discussion you can easily get a basic idea about the patterns without any pictures. I think it will be easy to take decision regarding your trading. I believe these topics will be very beneficial for those who don't know the fundamentals of trading and are new because you can get the basic knowledge and later enrich your knowledge for those who are at a very new level. So understanding these Candlestick Patterns is very important for new traders. Let's take a look at 2 patterns with examples.

Three Black Crows

The Three Black Crows candlestick pattern is the bearish counterpart of the Three White Soldiers pattern and consists of three consecutive long-bodied bearish candlesticks with lower closes. It indicates strong selling pressure and potential continuation of a downtrend.

Example:

Suppose Binance Coin (BNB) experiences three consecutive days of bearish momentum, with each day's candlestick opening higher than the previous day's close and closing lower. This Three Black Crows pattern suggests a strong bearish sentiment and potential continuation of the downtrend.

source

Bullish Harami

The Bullish Harami candlestick pattern is a bullish reversal pattern that consists of two candlesticks. The first candlestick is bearish, followed by a smaller bullish candlestick that is completely engulfed by the body of the first candlestick.

Example:

Suppose Polkadot (DOT) experiences a downtrend, with the price dropping from $40 to $35. However, on the second day, a smaller bullish candlestick forms within the body of the first candlestick. This Bullish Harami pattern suggests a potential reversal in the downtrend.

To be continued.

~ Regards,
VEIGO (Community Mod)

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