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📊 Candle Patterns: A Guide for Traders
Candle patterns are one of the most important tools in technical analysis, helping traders predict market movements. These patterns are divided into three categories: Bullish, Bearish, and Neutral.
This guide will explain the importance of different candle patterns and how traders use them to make informed decisions.
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🕯️ Understanding Candles
A candle consists of:
- Body – The area between the opening and closing prices.
- Wick (Shadow) – The thin lines that extend above and below the body, representing the high and low prices.
- Colors – A green candle (bullish) means the closing price is higher than the opening price, while a red candle (bearish) means the closing price is lower than the opening price.