Types of Candlesticks and the Best Strategy for Using Them in Trading, Especially Speculation, to Achieve the Best Results
Japanese candlesticks are a popular technical analysis tool used by traders to understand market movements and identify buying and selling opportunities.
Common patterns include: hammer, bullish harami, hanging man, shooting star, and doji – which help identify trend reversals or confirm their continuation.
Candle patterns alone cannot be relied upon; it is important to combine them with other technical indicators and consider trading volume, market liquidity, and overall sentiment.
