When it comes to candlestick patterns, the Doji, Hammer, and Hanging Man remain my go-to formations for reading market sentiment. The Doji signals indecision at key price levels, perfect for spotting potential reversals. Hammers appearing at support zones often indicate buying interest bouncing back, while Hanging Men at resistance typically suggest sellers stepping in. These three patterns have consistently helped me identify turning points and plan entries/exits more effectively. They're timeless for good reason.
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MetadataExplorer
· 13h ago
I also use these three Doji patterns, but to be honest, Hammer has too many false signals, and Hanging Man is more reliable.
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StakeOrRegret
· 13h ago
Doji is really a double-edged sword; it all depends on how you interpret it.
I don't use hammer and hanging man very often; I feel it's still important to consider volume.
These three patterns are everywhere, but they are indeed useful.
Technical analysis is just so-so; the key is still mindset.
It's a common topic, but there's no way around it—it's effective.
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CodeZeroBasis
· 13h ago
Doji is indeed very useful, but honestly I still trust candlestick patterns more... Single formations are easy to be fooled.
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Ser_This_Is_A_Casino
· 13h ago
Doji, hammer, hanging man—this set of combinations is truly unbeatable. Every time I see a doji at a critical point, I know something's about to happen.
When it comes to candlestick patterns, the Doji, Hammer, and Hanging Man remain my go-to formations for reading market sentiment. The Doji signals indecision at key price levels, perfect for spotting potential reversals. Hammers appearing at support zones often indicate buying interest bouncing back, while Hanging Men at resistance typically suggest sellers stepping in. These three patterns have consistently helped me identify turning points and plan entries/exits more effectively. They're timeless for good reason.