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Attention all beginner traders!
Understanding confirmation candles is key to mastering price action.
Here’s what you need to know:
The first candle on the left is known as a Hammer 🛠️ — when it appears after a downtrend, it signals a potential bullish reversal (price moving upward) 📈.
Next, the two green candles on the right are called Engulfing Candles 🌊. Why? Because they completely engulf the body of the previous red candle. This red candle typically has small upper and lower wicks with a large, dominant body, all forming during a downtrend.
In an uptrend, the same structure applies but with colors reversed.
Wishing you all success on your trading journey!
Follow for daily updates — I’ll be sharing four confirmed personal trades every day!
Stay sharp and trade smart! ⚡
Attention all beginner traders!
Understanding confirmation candles is key to mastering price action.
Here’s what you need to know:
The first candle on the left is known as a Hammer 🛠️ — when it appears after a downtrend, it signals a potential bullish reversal (price moving upward) 📈.
Next, the two green candles on the right are called Engulfing Candles 🌊. Why? Because they completely engulf the body of the previous red candle. This red candle typically has small upper and lower wicks with a large, dominant body, all forming during a downtrend.
In an uptrend, the same structure applies but with colors reversed.
Wishing you all success on your trading journey!
Follow for daily updates — I’ll be sharing four confirmed personal trades every day!
Stay sharp and trade smart! ⚡
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