🕯️ Candlestick Patterns 101

Candlesticks reveal price psychology — and learning them is like learning the market’s language. Let’s break it down. 🔍

📊 What is a Candlestick?

1️⃣ Each candle shows open, high, low, and close of a time period.

2️⃣ Green (bullish) = close > open. Red (bearish) = close < open.

3️⃣ Wicks (shadows) show price extremes during that period.

🔥 Basic Candlestick Patterns

4️⃣ Doji – Market indecision (reversal or pause).

5️⃣ Hammer – Bullish reversal at the bottom of a trend.

6️⃣ Shooting Star – Bearish reversal at the top of a trend.

7️⃣ Engulfing Pattern – Strong reversal signal (bullish/bearish).

8️⃣ Morning/Evening Star – Trend reversal patterns.

📚 Why It Matters

9️⃣ Patterns help predict potential reversals or continuations.

🔟 When combined with support/resistance and volume, they become powerful tools.

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