
Mastering Candlestick Patterns
Candlestick patterns are essential tools for traders to interpret price action and make informed decisions. By analyzing how candles form, traders can gain insight into market sentiment and potential reversals or continuations.
Some common patterns include doji, engulfing, and hammer formations. These can signal market indecision, momentum shifts, or strong buying/selling pressure. The key is understanding context—combine patterns with volume and market structure for better accuracy.
Practice by identifying these patterns in your own charts and backtesting their outcomes. Mastery comes with time and repetition.