Swing Trading: Candlesticks Patterns

Candlestick patterns are essential tools in technical analysis, helping traders predict market movements based on price action. Each candlestick represents an asset’s open, high, low, and close prices within a specific time frame. Common patterns include Bullish Engulfing, indicating a potential uptrend, and Bearish Engulfing, signaling a downtrend. Doji suggests market indecision, while Hammer and Shooting Star reveal possible reversals. Patterns like Morning Star and Evening Star help identify trend shifts. By analyzing these formations, traders can make informed decisions, enhancing their ability to spot entry and exit points. Mastering candlestick patterns is key to successful trading. 📈🔥