📊 What are Japanese Candles? 🕯️
If you're starting in the world of trading or investments, you've surely heard about Japanese candles. But... do you really know what they tell you?
👉 Each candle represents the price action over a specific period (minute, hour, day, etc.).
🔴 Red (or black): the price dropped during that period.
🟢 Green (or white): the price increased.
A candle shows 4 key data points:
Opening price
Closing price
Highest price
Lowest price
💡 The interesting part lies in the patterns they form: they can give you clues about whether the price will rise or fall. Famous examples:
Hammer 🔨
Shooting star 🌠
Bullish/Bearish engulfing 🟢🔴
📈 Understanding candles is like learning to read the secret language of the market.
Do you want me to explain a specific pattern? Leave it in the comments! 👇
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