🤔 How to read candlesticks?
1️⃣ Look at Yin and Yang: A bullish candle indicates strong buying power, suggesting the market may be in an uptrend; a bearish candle indicates strong selling power, suggesting the market may be in a downtrend.
2️⃣ Look at the Body: The size of the body reflects the extent of price fluctuations. A smaller body indicates relatively mild price fluctuations; a larger body indicates more intense price fluctuations during that period, making the trend of rising or falling more obvious.
3️⃣ Look at Shadows: This refers to the length of the shadows. A long upper shadow indicates that the stock price rose to a high point and then fell back, suggesting there may be resistance above; the longer the upper shadow, the greater the resistance above. A long lower shadow indicates that the stock price fell to a low point and then rose, suggesting there may be support below; the longer the lower shadow, the stronger the support below. The length of the shadows is significant for judging the short-term trend of the market.
4️⃣ Analyze Combination Patterns: A single candlestick can only provide limited information and has some randomness. Analyzing all candlesticks over a certain period in combination can further reveal the market's potential trends.
Risk Warning: The information in this article is for knowledge introduction only and does not constitute any investment advice. Investors need to make their own investment decisions and independently bear investment risks.
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