📊 Why Use Candlestick Charts

🔍 Clear Visual Representation: Candlestick charts show price movement within a specific time frame more vividly than line charts.

📈 More Market Insight: Each candle provides detailed info about opening, closing, high, and low prices—helping you assess market sentiment at a glance.

🧠 Identify Trends Easily: Patterns and colors help spot bullish (upward) or bearish (downward) trends quickly.

🔄 Spot Key Patterns: Candlestick formations can signal trend reversals or continuations, which are often missed in other chart types.

🎯 Improve Trading Decisions: Recognizing these patterns helps traders make smarter entry and exit decisions.

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🕯️ How to Read Candlestick Charts

✅ Bullish Candle: Price closes higher than it opened – often shown in green – indicating buyers are in control.

❌ Bearish Candle: Price closes lower than it opened – usually red – showing sellers are dominating.

🧩 Candle Components & What They Mean:

🔵 Long Body: Strong buying or selling momentum; shows a powerful move.

⚪ Short Body: Indicates indecision or a weak price move in that session.

🔺 Long Upper Wick: Price was pushed up but rejected – potential signal of weakening buying power.

🔻 Long Lower Wick: Price was pushed down but bounced back – may signal a potential upward reversal.

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