: Indicates the lowest price reached during the period.
: Long bodies indicate strong buying or selling pressure, while short bodies suggest low activity or indecision. 2. Essential Candlestick Patterns Candlestick Basics Pdf
: Indicates the highest price reached during the period. : Indicates the lowest price reached during the period
This guide covers the fundamental components of Japanese candlesticks and essential patterns to help you interpret market sentiment. For a deeper dive, you can refer to the foundational work in . 1. Anatomy of a Candlestick Essential Candlestick Patterns : Indicates the highest price
: A small body at the top with a long lower wick; signals a potential bullish reversal after a downtrend.
: A small body at the bottom with a long upper wick; signals a potential bearish reversal after an uptrend.
Patterns are categorized by their signal: whether the current trend is likely to continue or reverse.
