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**A Simple Explanation of Japanese Candlestick Patterns** 🕯️📊
Japanese candlesticks are the market's language that tells you the story of each trading day! 📚
A green candle means that the closing price is higher than the opening (uptrend) 📈, while a red candle means that the closing is lower than the opening (downtrend) 📉. A "doji" candle ⚖️ appears when the opening and closing prices are nearly equal, indicating market indecision! Meanwhile, a "hammer" candle 🔨 (small body with a long lower wick) suggests a possible reversal of the downtrend! The "engulfing" pattern 🍽️ occurs when a candle completely "swallows" the body of the previous candle, which is a strong indicator of a trend change! The "evening star" pattern ⭐ (three candles) indicates a potential top and the end of the uptrend!
What is your favorite candlestick pattern in trading? 🤔 Have you ever made a successful decision based on a signal from one of these candles?