What is a Candlestick Pattern: The Ultimate Guide to Candlestick Patterns
Candlestick patterns are visual in trading to show price movement over time, so you can understand the market. Each candlestick has three parts: the body, upper wick, and lower wick which represent different price points and reflect market sentiment. To read candlestick patterns look for shapes and colors to predict future price action as explained in the “How to Read Candlestick Patterns” section. Different markets can have different candlestick behaviour so make sure you know where you are trading. Get to know common candlestick patterns like Dojis and hammers as they can be a sign of a reversal. Use candlestick patterns as part of your overall trading strategy for better decisions and more success.