What I learned today about candlestick trading🕯️📊

Today, I delved into candlestick trading and how it reflects market movement. As a beginner, learning how simple candlestick patterns can help identify buying or selling pressure is quite fascinating. 🔍

Here’s what I learned:

✅ A green candle means that the price closed at a higher level than the opening price (bullish indicator).

✅ A red candle means that the price closed at a lower level than the opening price (bearish indicator).

✅ Long wicks can indicate price rejection and the potential for reversals.

✅ Patterns like the Doji candle and engulfing candles are great indicators of momentum shifts.

There is still a long way to go, but I am enjoying this process. Step by step, I am building my knowledge and confidence to become a better trader. 💪

Have you used candlestick patterns in your trading? Which ones work best for you?

Let’s learn together! 🧠🔥