Hello, I will show you a practical guide to understand the candles #candle

📚 Quick guide — How to read candles on the chart

Each candle tells the story of the price in a specific period of time (1 minute, 15 minutes, 1 hour, 1 day…).

1. Candle structure

A candle has a body and a wick:

• Body = shows the opening and closing price.

• Wick (or shadow) = shows the maximum and minimum price in the period.

• Color:

• Green (or white) = price closed above where it opened → bullish trend.

• Red (or black) = price closed below where it opened → bearish trend.

📌 Example:

• Green candle: buyers dominated.

• Red candle: sellers dominated.

2. How to interpret

• Large body + small wick: strong movement in the direction of the body.

• Large wick + small body: indecision, may indicate reversal.

• Candle with long upper shadow: buyers tried to push up, but sellers pushed down.

• Candle with long lower shadow: sellers tried to push down, but buyers held.

3. Basic patterns for beginners

1. Hammer

• Small body and long lower wick.

• Indicates possible reversal to bullish.

2. Shooting Star

• Small body and long upper wick.

• Indicates possible reversal to bearish.

3. Doji

• Almost non-existent body, price opened and closed at the same level.

• Strong signal of market indecision.

4. Tips for effective use

• Always combine candle reading with support and resistance.

• Analyze several candles together (context), not just one in isolation.

• Adjust the timeframe according to your strategy (scalper uses short, swing uses long).#velasjaponesas.