Hii guys!

.......🤔 start learn candle pattern 🤔..........

...... Lesson -1 .....

👉Candlesticks are visual representations of price movements over a set period of time, formed by the open, high, low and close prices for that timeframe. Candlesticks convey through their shape and coloring the relationship between the open and close as well as the highs and lows for the time period.

👉Candlestick charts have been used for over 100 years, originating in 18th century Japanese rice trading. The earliest known use was by famed Japanese rice trader Munehisa Homma in the 1700s. They were later brought to the Western world in the early 20th century by Japanese chartist Sokyu Honma. Steve Nison is credited with popularizing their use in Western technical analysis with his 1991 book “Japanese Candlestick Charting Techniques“. Today, candlestick patterns remain one of the most popular methods for technical analysis in financial markets. 

👉Candlesticks consist of the open, high, low and close prices for a specific period. The thick rectangular ‘body‘ represents the range between the open and close. The thin ‘wicks‘ or ‘shadows’ represent the highs and lows. The coloring of the body conveys whether the close was higher than the open, which is often indicated by green or white, or lower than the open, typically represented by red or black.

👉Candlestick patterns fall into broad categories that signal potential market movements.

Bullish reversal patterns indicate a shift from downward to upward momentum, while bearish reversals signal a switch from upward to downward momentum.

Continuation patterns suggest the prior trend is likely to persist, whether bullish or bearish. Indecision patterns demonstrate a struggle between buyers and sellers and often precede trend reversals. 

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