📊 How to Read a Candle:
1. Candle Body
The thick part of the candle.
Green/White Body: Price went up (bullish).
Red/Black Body: Price went down (bearish).
2. Wicks / Shadows
The thin lines above and below the body.
Upper Wick: Shows how high the price went.
Lower Wick: Shows how low the price dropped.
3. Open Price
Where the price started at the beginning of the candle.
4. Close Price
Where the price ended when the candle closed.
---
📈 Basic Candle Types:
Candle Type Meaning
Bullish Candle Price moved up.
Bearish Candle Price moved down.
Doji Open and close are almost equal – means confusion in the market.
Hammer Long lower wick, small body – possible reversal upwards.
Shooting Star Long upper wick, small body – possible reversal downwards.
---
🔍 Simple Candle Reading Method:
1. Look at the Trend: Is the market going up or down?
2. Watch Candles at Support/Resistance Levels:
Bullish candles at support = possible move up.
Bearish candles at resistance = possible move down.
3. Check the Wicks:
Long wicks mean rejection of price from that level.
4. (Optional) Look at Volume:
Higher volume candles = stronger signals.
---
If you want, I can also make a PDF guide with images for better understanding. Let me know.
#CandlestickPatterns
#PriceAction
#ForexTrading
#CryptoTrading
#StockMarket
#TechnicalAnalysis
#ChartAnalysis
#BullishCandle
#BearishCandle
#DojiPattern
#TradingForBeginners
#LearnTrading
#DayTrading
#ScalpingStrategy
#SwingTrading
#MarketTrends
#SupportResistance
#PriceRejection