📊 Learn Technical Analysis: Types of Candlesticks 🕯️

If you are trading in the financial markets, you must understand the language of candlesticks! Here are some of the most famous types:

1️⃣ Doji Candle

🕯️ Shape: Very small body, with long upper and lower shadows

📉 Meaning: Confusion in the market and potential reversal of trend

2️⃣ Hammer Candle

🔨 Shape: Small body at the top and long lower shadow

📈 Meaning: Could indicate a bullish reversal after a downtrend

3️⃣ Hanging Man Candle

🪓 Shape: Like the hammer, but occurs after an uptrend

📉 Meaning: Could be a signal of a potential decline

4️⃣ Engulfing Candle

🔥 Shape: A large candle that completely engulfs the previous candle

🔁 Meaning: Strong signal for trend reversal (bullish or bearish depending on color and order)

5️⃣ Morning Star Candle

🌟 Shape: Composed of 3 candles – bearish, doji/small, then bullish

🚀 Meaning: Signal for strong upward movement ahead

💡 Important Reminder:

Do not rely on candlesticks alone – combine them with indicators and support and resistance for stronger analysis!