💥🚀Understanding Basic Candlestick Charts🚀
- Origins : Developed in 18th-century Japan by rice trader Munehisa Homma.
- Components :
🥇Body : Shows open/close prices; long bodies indicate strong momentum.
🥇Shadows (wicks) : Represent high/low prices; long wicks signal volatility.
🥇Colors : Green/white = bullish (close > open); red/black = bearish (close < open).
🥇Patterns : Bullish (e.g., Engulfing, Morning Star) and bearish (e.g., Evening Star, Hanging Man) reversals.
🥇Limitations : Best used with other tools like support/resistance levels. #BinanceHODLerRESOLV $BNB