Candlestick charts show price movements over time. Each candle represents one time period (1 minute, 5 minutes, 1 hour, 1 day, etc.).
Anatomy of a Candle:
- Body: Space between opening and closing prices
- Wicks (Shadows): High and low prices during the period
- Green/White Candle: Price closed higher than it opened (bullish)
- Red/Black Candle: Price closed lower than it opened (bearish)
Common Patterns:
- 🟢 Hammer: Potential bullish reversal
- 🔴 Shooting Star: Potential bearish reversal
- 📊 Doji: Indecision, potential reversal
- 📈 Engulfing: Strong reversal signal
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