{"content":"📌Reversal Candles: Reversal candles are specific candlestick patterns on a price chart that indicates a potential change in the market trend. They can signal that the current trend is about to reverse, meaning: - A bullish trend might turn bearish (prices might drop). - A bearish trend might turn bullish (prices might rise). 📌How to Spot Reversal Candles: To spot reversal candles, look for these key characteristics: - Location:Reversal candles often appear at the end of a trend. Either (up or down trend) - Shape: Specific candlestick patterns, such as: - Hammer (green or red): A small body with a long lower wick. - Shooting Star (red): A small body with a long upper wick. - Engulfing patterns: A larger candle that engulfs the previous candle. - Context: Consider the overall market trend and other technical indicators. Key Reversal Candle Patterns: Some common reversal candle patterns include: 📌Bullish Reversal: - Hammer - Inverted Hammer - Bullish Engulfing -📌Bearish Reversal: - Shooting Star - Hanging Man - Bearish Engulfing -Note: Reversal candles are not foolproof; always consider other technical and fundamental analysis tools. Look for confirmation: Wait for the next candle to confirm the reversal. spotting reversal candles, can help you spot potential trend changes and guide you to making more informed trading decisions .","images":[],"tags":[],"tradingPairs":[],"quotearticleid":0}