For beginners, it helps and you learn little by little.
By Ira official
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📘 Lesson 2: Technical Analysis for Beginners (Part 2)
🔹 How to Read Candlestick Charts Candlestick charts are one of the most important tools in technical analysis. They show us how the price moved over a specific time period, and they contain key info about market psychology. Each “candle” represents: Open: The price at the start of the time period Close: The price at the end of the time period High: The highest price reached Low: The lowest price touched
🔸 Candle Colors:
🟩 Green candle = Price closed higher than it opened (bullish) 🟥 Red candle = Price closed lower than it opened (bearish)
Each candle can represent 1 minute, 1 hour, 1 day… depending on the timeframe you choose. 🔸 Candlestick Meaning: Candles form patterns that help traders understand what buyers and sellers are doing. Example: Long green candle = strong buying pressure Long wick on top = price was pushed up but rejected Series of small candles = low volatility or indecision 📌 With practice, candlesticks help you predict market behavior and time your trades better.