Welcome back, trader.
If you saw Lesson 1, you now understand the foundation. Today, we enter the mind of the market.
This is Lesson 2 — The Candlestick Code.
It’s not just about colors and shapes. Each candle tells a story — of fear, greed, pressure, and breakout tension.
If you learn to read these signs, you’ll never enter a blind trade again.
Why Candlesticks Matter
Candlesticks are the language of price action.
They’re used by hedge funds, bots, and pro traders. And yes — even Binance whales look at them before placing big orders.
3 Types of Candles You Must Know:
1. Bullish Candles (Buyers in Control)
Marubozu: No wick — pure buying strength.
Bullish Engulfing: A green candle swallows the red one before it. Big sign of reversal.
Hammer: Long wick below, small body — price was pushed down, but buyers fought back.
2. Bearish Candles (Sellers Taking Over)
Bearish Engulfing: Red candle eats the green one before — trend might reverse.
Shooting Star: Long wick above — price went up but got rejected.
Hanging Man: Looks like a hammer, but at the top. Dangerous if ignored.
3. Indecision Candles (Calm Before the Storm)
Doji: Open and close are the same. The market is confused.
Spinning Top: Small body, long wicks both sides. Expect volatility next.
What Smart Traders Do
Smart traders combine candle signals with support/resistance and volume.
A hammer at strong support?
That’s where money is made.
A doji after a strong rally?
Get ready for a potential drop.
Practice Task
Go to TradingView, check the BTC or ETH chart.
Find the last 3 bullish engulfing candles.
What happened after them?
Write it down. This is how you build trader instinct.
Final Words from the Master
> “One candle shows more truth than a hundred news headlines.”
– Master Sense
Follow us now — tomorrow we go even deeper.
We’re unlocking reversal patterns next.
Drop a “Master” in the comments if you’re ready.
Image Prompt (Reminder for Design):
A glowing dojo with a close-up on a candlestick scroll. A hammer candle is lit up on a digital screen. A wise master explains its meaning to focused young traders. Candle shapes float in the air. Vertical, cinematic, Instagram-style, HD, realistic.
Ready? This is only the beginning.