Some Simplest candlesticks you needto master on a chart as a beginner Trader

Here are a few common candlestick patterns:

1. Doji: This pattern forms when the opening and closing prices are very close or identical, resulting in a small or no body with horizontal lines called wicks or shadows. Dojis typically signal indecision in the market.

2. Hammer and Hanging Man: These patterns have small bodies near the top or bottom of the candlestick with a long lower or upper shadow, respectively. Hammers occur at the bottom of a downtrend, suggesting a potential bullish reversal. Hanging Man patterns occur at the top of an uptrend, indicating a potential bearish reversal.

3. Engulfing: An engulfing pattern occurs when a candlestick's body completely engulfs the previous candle's body. A bullish engulfing pattern forms when a smaller bearish candle is followed by a larger bullish candle, indicating a potential upward reversal. A bearish engulfing pattern is the opposite, suggesting a potential downward reversal.

4. Morning Star and Evening Star: These patterns consist of three candles. The morning star pattern appears during a downtrend and includes a long bearish candle, a small-bodied candle (engulfed by the previous candle), and a long bullish candle. It indicates a potential bullish reversal. The evening star pattern forms during an uptrend with a long bullish candle, a small-bodied candle, and a long bearish candle. It suggests a potential bearish reversal.

5. Shooting Star and Inverted Hammer: These patterns have small bodies with long upper shadows and little to no lower shadow. Shooting stars appear at the top of an uptrend, potentially indicating a bearish reversal. Inverted hammers can be seen at the bottom of a downtrend and might suggest a bullish reversal.

6. Bullish and Bearish Harami: A bullish harami occurs when a small bearish candle is enclosed within the previous larger bullish candle. It suggests a potential upward reversal. A bearish harami is the opposite.