Bearish Candle Patterns
Shooting Star
- Description: A single candle with a small body at the bottom and a long upper shadow.
- Indication: Potential reversal from an uptrend to a downtrend.
Bearish Engulfing
- Description: A two-candle pattern where a small bullish candle is followed by a larger bearish candle that completely engulfs the bullish candle.
- Indication: Strong bearish reversal signal.
Evening Star
- Description: A three-candle pattern consisting of a large bullish candle, a small-bodied candle (could be bullish or bearish), and a large bearish candle.
- Indication: Potential reversal from an uptrend to a downtrend.
Dark Cloud Cover
- Description: A two-candle pattern where a bullish candle is followed by a bearish candle that opens higher but closes below the midpoint of the bullish candle.
- Indication: Potential reversal to the downside.