Candle? On a Chart?
Is This a Birthday Party?
No bro, not that candle.
We’re talking about candlestick patterns — those little red and green bars on a chart that look innocent…
But actually hold the secret to the market’s next move.
Each candlestick is like a mini soap opera. It tells you:
How high the price went
How low it dropped
Where it started
And where it ended
In short: A candle shows the market’s emotional drama in one tiny box.
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1. What’s Inside a Candlestick?
Body: The fat part. Shows where the price opened and closed.
Wick (or Shadow): The skinny stick part. Shows the high and low.
Color:
Green candle = Price went up (Yay!)
Red candle = Price went down (Oof…)
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2. The Candlestick Gang – Most Wanted Patterns
Here come the top candle patterns you MUST know (or stay broke forever):
a) Doji – The Confused Candle
Price opened and closed at the same level.
Market said, “Uhh... I don’t know what to do.”
Example: Like opening the fridge, staring for 5 minutes, and closing it without taking anything.
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b) Hammer – The Reversal King
Long wick below, tiny body on top.
Appears after a downtrend. Bulls punching back!
Imagine:
Market: “I’m falling!”
Hammer: “Not today, Satan.”
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c) Shooting Star – The Price Faker
Big wick on top, small body below.
Appears after price goes up — but warning: sellers are back!
It’s like: Your crush says “I miss you” and then ignores your text for 3 days.
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d) Bullish Engulfing
Big green candle eats the tiny red one before it.
Signals a strong reversal — bulls just bullied the bears.
Relatable?
Your $5 trade turns into $50 and suddenly you act like Warren Buffett.
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e) Bearish Engulfing
Big red candle swallows the green one.
Bears came with steel chairs. Get out fast!
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Valuable Questions and Simple Answers
Q: Sir, can I trade using only candles?
A: Technically yes, but that’s like trying to cook biryani with just salt. You need more ingredients (like support/resistance, MACD, etc.).
Q: How many candles do I need to confirm a pattern?
A: Don’t trust one candle like you don’t trust one red flag. Look for 2–3 candles + confirmation with trend.
Q: Which time frame is best?
A: 15-min and above for pattern clarity. Avoid 1-min candles unless you like high blood pressure.
Q: Are all Dojis important?
A: Only in the right place. A Doji at resistance is a whisper of reversal. A Doji in the middle of nowhere is just bored.
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The Candlestick Story
Let’s say you see a Hammer candle after 5 red candles.
It’s like:
Price: “I give up, I’m crashing!”
Hammer: “Hold my wick.”
Market: bounces up 10%
But if you enter late, you’ll end up buying the top and crying with a red candle.
So learn the mood of each candle before you jump in.
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Conclusion
Candlestick patterns are the emoji language of the market.
Once you learn how to read them, you’ll stop guessing and start sniping.
They won’t always be right…
But they’ll help you avoid buying the top like it’s on Black Friday sale.
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Out of Class
If you laughed AND learned, you owe me a like.
If not, I’ll send you Doji candles only for the rest of your trading life.
No Like = No Signal.
And hey —Bootcamp is FREE.
But knowledge with no action = watching gym reels while eating cake.
So follow, like, and ask questions in the comments!
Let’s grow your chart-reading powers like your favorite meme coin on steroids.