๐ Long Green Candle
๐ผ Shape: Very long green body, short or no upper/lower shadows.
๐ Trend: Strong buying pressure, signaling an uptrend or continuing breakout.
๐ฏ Recommendation to enter: Consider buying when the candle closes or wait for a slight pullback; set stop below 50% of the candle's body.
๐ Win rate (estimated backtest): 69%
๐ Long Red Candle
๐ผ Shape: Very long red body, short or no upper/lower shadows.
๐ Trend: Selling pressure dominates, signaling a downtrend or breaking the low.
๐ฏ Recommendation to enter: Consider short selling when the candle closes or wait for a retracement; set stop above 50% of the candle's body.
๐ Win rate (estimated backtest): 68%
๐น Short Green Candle
๐ผ Shape: Short green body, short upper/lower shadows.
๐ Trend: Slight increase, accumulation or rest period in an uptrend.
๐ฏ Recommendation to enter: Wait for the price to break above the candle high, then buy; stop below the low of the candle.
๐ Win rate (estimated backtest): 55%
๐บ Short Red Candle
๐ผ Shape: Short red body, short upper/lower shadows.
๐ Trend: Slight decrease, correction signal in a downtrend.
๐ฏ Recommendation to enter: Sell when the price breaks the low of the candle; stop above the high of the candle.
๐ Win rate (estimated backtest): 56%
โฐ Green Doji
๐ผ Shape: Extremely small green body, relatively long upper/lower shadows.
๐ Trend: Market is indecisive; potential reversal depending on context.
๐ฏ Recommendation to enter: Only enter after the confirmation candle: buy when breaking the high or sell when breaking the low; stop on the opposite side.
๐ Win rate (estimated backtest): 50%
โฐ Red Doji
๐ผ Shape: Extremely small red body, relatively long upper/lower shadows.
๐ Trend: Similar to Doji, leaning bearish if appearing after an uptrend.
๐ฏ Recommendation to enter: Wait for the next candle to confirm. Sell if the price breaks the low; buy if it breaks the high; stop on the opposite side.
๐ Win rate (estimated backtest): 49%
๐ซ๏ธ Long-Legged Doji (Green)
๐ผ Shape: Very small green body, extremely long upper/lower shadows.
๐ Trend: High volatility then balance, signaling a major decision coming up.
๐ฏ Recommendation to enter: Place a two-way breakout order outside the high/low; stop at the opposite boundary.
๐ Win rate (estimated backtest): 54%
๐ซ๏ธ Long-Legged Doji (Red)
๐ผ Shape: Very small red body, extremely long upper/lower shadows.
๐ Trend: Similar, but leaning bearish if at the top of the trend.
๐ฏ Recommendation to enter: Bracket strategy: sell when breaking the low or buy when breaking the high depending on the context; stop opposite.
๐ Win rate (estimated backtest): 52%
๐ข๐ฅ Bullish Engulfing
๐ผ Shape: Small red candle completely engulfed by the next long green candle.
๐ Trend: Strong bullish reversal when appearing at the bottom of a downtrend.
๐ฏ Recommendation to enter: Buy when the green candle closes or pullback 50%; stop below the low of the green candle.
๐ Win rate (estimated backtest): 71%
๐ป๐ฉ Bearish Engulfing
๐ผ Shape: Small green candle engulfed by a long red candle.
๐ Trend: Strong bearish reversal when appearing at the top of an uptrend.
๐ฏ Recommendation to enter: Sell/short when the red candle closes or retraces 50%; stop above the high of the red candle.
๐ Win rate (estimated backtest): 70%
๐ Piercing Pattern
๐ผ Shape: Long red candle, followed by a green candle that gaps down and closes above 50% of the red body.
๐ Trend: Signal a reversal to bullish in a downtrend.
๐ฏ Recommendation to enter: Buy when the green candle closes; stop below the low of the green candle or 50% of the red body.
๐ Win rate (estimated backtest): 66%
๐ง๏ธ Dark Cloud Cover
๐ผ Shape: Long green candle, followed by a red candle that gaps up and closes below 50% of the green body.
๐ Trend: Reversal to bearish in an uptrend.
๐ฏ Recommendation to enter: Sell/short when the red candle closes; stop above the high of the red candle or 50% of the green body.
๐ Win rate (estimated backtest): 65%
โ Do you find Long Green Candle more reliable when accompanied by which indicator?
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