Trading Talk: Candlestick Charts Explained
Confused by charts? Candlesticks are your friends! These bars show price movement, with the body indicating open & close, and wicks (shadows) revealing highs & lows. Filled bodies = price went up (bullish!), hollow bodies = price went down (bearish!).
Dojis (small body, long wicks) signal indecision. Hammers (short upper wick, long lower wick) hint at a possible reversal after a downtrend.
Candlestick patterns are clues, not guarantees. Use them with other tools for a well-rounded trading strategy.
Ready to learn more? Explore online resources and practice with paper trading before diving in!
