Hello 👋
Japanese candlesticks are considered one of the strongest analytical tools for traders and investors, especially at support and resistance levels. Here are 3 candles you need to know:
1. Hammer:
Appears after a strong decline, indicating a potential bullish reversal.
2. Bullish Engulfing:
A green candle that engulfs a previous red candle, indicating strong buyer entry.
3. Doji:
Indicates market indecision and is very useful at reversal points.
Tip:
Do not rely on candlesticks alone; combining them with indicators like RSI or MACD provides a clearer view.
What is the most used and trusted candle for you? Share your opinion!