What I Learned About Trading Candles Today
Today, I spent some time learning about trading candles and how they reflect market behavior. As someone just starting out, I find it really interesting how simple candle patterns can give clues about buying or selling pressure.
Here are a few things I picked up:
Green candles mean the price closed higher than it opened (bullish signal).
Red candles show the price closed lower than it opened (bearish signal).
Long wicks can signal price rejection and might hint at a reversal.
Patterns like Doji and Engulfing candles often point to momentum changes in the market.
There's still a lot to learn, but I’m enjoying the journey. Step by step, I’m building my understanding and confidence in trading.
Have you used candlestick patterns in your strategy? Which ones do you find most effective?
Let’s grow and learn together!
