Candlestick Patterns on the 5-Minute Chart: Basics for Beginners 📈📉📈

If you are just starting to trade, begin with understanding candlestick patterns — they help "read" market sentiment and make decisions

💡 What is a candle?

Each candle on the chart shows the price movement over 5 minutes. It has:

- Body — the difference between the opening and closing price

- Shadows — show the highs and lows

Color:

🔴 Red — the price has fallen.

🟢 Green — the price has risen.

- Popular candlestick patterns:

1. Engulfing — a strong reversal, especially after a trend.

2. Hammer — a signal of potential growth after a decline.

3. Hanging Man — a possible reversal downward.

4. Doji — uncertainty, can be a reversal signal.

5. Three Soldiers / Three Crows — continuation of the trend (up or down).

- These patterns are especially useful on 5-minute charts for scalping and short-term trades. The main thing — do not trade blindly: pay attention to volumes, trends, and confirmations.