Fluctuations in financial markets are not merely the result of economic data or quantitative analysis; they are, to a large extent, a reflection of collective human emotions. Emotions such as fear, greed, hope, and indecision are the main drivers of these movements. These emotions manifest directly and visually in the form, size, and color of candlesticks.
For example, a very long red candlestick body is an indication of aggressive selling, often driven by fear or panic in the market. In contrast, a long green body signals strong buying pressure, which may be the result of optimism or greed, as traders rush to enter the market
