🤔 How to Read Candlesticks?
1️⃣ Look at Bullish and Bearish: A bullish candlestick indicates strong buying power, suggesting the market may be in an upward trend; a bearish candlestick indicates strong selling power, suggesting the market may be in a downward trend.
2️⃣ Look at the Body: The size of the body reflects the magnitude of price fluctuations. A smaller body indicates relatively mild price fluctuations; a larger body indicates that the price fluctuations during that period are more severe, making the trend of rising or falling more apparent.
3️⃣ Look at Shadows: This refers to the length of the wicks. A long upper wick indicates that the price once rose to a high point and then fell back, suggesting there may be pressure above; the longer the upper wick, the greater the resistance above. A long lower wick indicates that the price once fell to a low point and then rose, suggesting there may be support below; the longer the lower wick, the stronger the support below. The length of the wicks is significant for judging short-term market trends.
4️⃣ Analysis of Combination Patterns: Individual candlesticks can only provide limited information and have a certain degree of randomness. By combining and analyzing all candlesticks over a certain period, the potential trends in the market can be further revealed.
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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