🔸 Structure of a Candlestick ●Each candlestick has four key data points:
Open – Price at the beginning of the time period
Close – Price at the end of the time period
High – The highest price during the time period
Low – The lowest price during the time period
●A candlestick consists of:
Body: The range between open and close.
Wick (or Shadow): Lines above/below the body representing high and low prices.
🔹 If Close > Open = Green/White Candle (Bullish) 🔹 If Close < Open = Red/Black Candle (Bearish)
🔹 Common Candlestick Patterns in Binance Trading 📈 Bullish Patterns (May indicate price going up) ●Pattern Description Hammer Small body with long lower wick. Often after a downtrend.Bullish Engulfing Green candle fully covers the red candle before it.Morning Star A three-candle reversal pattern: red → small body → green.Piercing Line Green candle opens below previous red but closes over its midpoint.Three White Soldiers Three long green candles in a row, strong bullish signal. 📉 Bearish Patterns (May indicate price going down) Pattern Description Shooting Star Small body with long upper wick, after an uptrend.Bearish Engulfing Red candle fully covers the green candle before it.Evening Star Opposite of morning star. Green → small body → red.Dark Cloud Cover Red candle opens above previous green, closes below its midpoint.Three Black Crows Three long red candles in a row, strong bearish signal. ⚖️ Indecision Patterns Pattern Description Doji Open and close prices are almost the same; market indecision.Spinning Top Small body with upper and lower wicks; weak movement. 🔧 How to Use Candlesticks on Binance Open Binance app or website.
Select a trading pair (e.g., BTC/USDT).
Click on the chart view.
Tap the candlestick icon and select your preferred time interval (e.g., 1h, 4h, 1d).
Analyze candlestick formations to anticipate market direction.
✅ Pro Tips Combine candlestick patterns with support/resistance levels and technical indicators (like RSI, MACD).
Candlestick patterns are not 100% accurate — always confirm with volume and trends.
Look for patterns at key price levels (tops, bottoms, breakouts) for best results.