To every beginner trader
These two candles are confirmation candles, meaning they confirm whether the price will go up or down.
The candle to the left is called the hammer candle; if it appears after a downtrend, it means the price will rise. The two green candles to the right are called engulfing candles. Why??
Because they engulf the previous candle, which is red, and the characteristics of the red candle are that it has two small wicks, an upper wick and a lower wick, and a large body compared to the wicks, all this in a downtrend, and in an uptrend, the colors of the candles are reversed.
Good luck to everyone.
Don't forget to follow, as I will post confirmed personal trades four times a day.
Stay well.
These two candles are confirmation candles, meaning they confirm whether the price will go up or down.
The candle to the left is called the hammer candle; if it appears after a downtrend, it means the price will rise. The two green candles to the right are called engulfing candles. Why??
Because they engulf the previous candle, which is red, and the characteristics of the red candle are that it has two small wicks, an upper wick and a lower wick, and a large body compared to the wicks, all this in a downtrend, and in an uptrend, the colors of the candles are reversed.
Good luck to everyone.
Don't forget to follow, as I will post confirmed personal trades four times a day.
Stay well.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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