What are the different Candlestick patterns?

There are many different candlestick patterns that traders can use to analyze price movements in financial markets. Here are some of the most common ones:

Doji: This candlestick has a small body and long upper and lower shadows. It suggests indecision in the market and can indicate a potential reversal.

Hammer: This candlestick has a long lower shadow and a small body at the top of the candle. It can indicate a potential reversal to the upside.

Shooting star: This candlestick has a long upper shadow and a small body at the bottom of the candle. It can indicate a potential reversal to the downside.

Bullish engulfing: This pattern occurs when a small bearish candle is followed by a larger bullish candle. It can indicate a potential reversal to the upside.

Bearish engulfing: This pattern occurs when a small bullish candle is followed by a larger bearish candle. It can indicate a potential reversal to the downside.

Harami: This pattern occurs when a large candle is followed by a smaller candle that is completely contained within the body of the larger candle. It can indicate a potential reversal.

Piercing line: This pattern occurs when a bearish candle is followed by a bullish candle that opens below the low of the previous candle but closes above its midpoint. It can indicate a potential reversal to the upside.

Dark cloud cover: This pattern occurs when a bullish candle is followed by a bearish candle that opens above the high of the previous candle but closes below its midpoint. It can indicate a potential reversal to the downside.

These are just a few examples of the many different candlestick patterns that traders use to analyze the movement of financial assets. It`s important to note that no single candlestick pattern can provide definitive information about future price movements, and traders should always use multiple indicators and analysis techniques to make informed trading decisions.