How to Read a Candlestick Pattern
Reading a candlestick pattern involves understanding the candlestick’s color and shape, as well as its position relative to previous candlesticks.
A green (or white) candlestick typically indicates that the closing price is higher than the opening price, signaling bullish sentiment.
A red (or black) candlestick indicates that the closing price is lower than the opening price, signaling a bearish sentiment.
Patterns can be single candlesticks or combinations of multiple candlesticks, each providing unique insights into market psychology and potential price movements.
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