🔸 Structure of a Candlestick

●Each candlestick has four key data points:

  • Open – Price at the beginning of the time period

  • Close – Price at the end of the time period

  • High – The highest price during the time period

  • Low – The lowest price during the time period

●A candlestick consists of:

Body: The range between open and close.

Wick (or Shadow): Lines above/below the body representing high and low prices.

🔹 If Close > Open = Green/White Candle (Bullish)

🔹 If Close < Open = Red/Black Candle (Bearish)

🔹 Common Candlestick Patterns in Binance Trading

📈 Bullish Patterns (May indicate price going up)

●Pattern Description

  • Hammer Small body with long lower wick. Often after a downtrend.

  • Bullish Engulfing Green candle fully covers the red candle before it.

  • Morning Star A three-candle reversal pattern: red → small body → green.

  • Piercing Line Green candle opens below previous red but closes over its midpoint.

  • Three White Soldiers Three long green candles in a row, strong bullish signal.

📉 Bearish Patterns (May indicate price going down)

Pattern Description

  • Shooting Star Small body with long upper wick, after an uptrend.

  • Bearish Engulfing Red candle fully covers the green candle before it.

  • Evening Star Opposite of morning star. Green → small body → red.

  • Dark Cloud Cover Red candle opens above previous green, closes below its midpoint.

  • Three Black Crows Three long red candles in a row, strong bearish signal.

⚖️ Indecision Patterns

Pattern Description

  • Doji Open and close prices are almost the same; market indecision.

  • Spinning Top Small body with upper and lower wicks; weak movement.

🔧 How to Use Candlesticks on Binance

Open Binance app or website.

Select a trading pair (e.g., BTC/USDT).

Click on the chart view.

Tap the candlestick icon and select your preferred time interval (e.g., 1h, 4h, 1d).

Analyze candlestick formations to anticipate market direction.

✅ Pro Tips

Combine candlestick patterns with support/resistance levels and technical indicators (like RSI, MACD).

Candlestick patterns are not 100% accurate — always confirm with volume and trends.

Look for patterns at key price levels (tops, bottoms, breakouts) for best results.