Japanese Candles in Trading: A Tool for Deep Market Understanding
Each candle represents a specific time period (minute, hour, day...) and consists of a body and shadows. The body shows the difference between the opening and closing price, while the shadows represent the highest and lowest price during the period. If the closing price is higher than the opening, the candle appears in an upward color (usually green or white), and if the closing is lower, it appears in a downward color (red or black).
Many strategies rely on candle patterns, such as 'hammer' and 'engulfing', to predict trend changes. They help traders understand market sentiments, such as confusion, confidence, or fear, enhancing their ability to make informed decisions.#NODEBinanceTGE
By using Japanese candles, traders can read price movements in a precise visual language, giving them a competitive edge in the dynamic trading environment.#BinanceHODLerSAHARA
