Candlestick patterns and charting techniques are widely used by traders to analyze price movements and predict potential market reversals or continuations. Candlesticks provide a visual representation of price action over a specific period, with each candlestick showing the open, high, low, and close prices.
Candlestick Structure
A candlestick consists of two parts:

Body: Represents the difference between the opening and closing prices.

If the close is higher than the open, the body is typically green or white (bullish).
If the close is lower than the open, the body is typically red or black (bearish).

Wicks (or Shadows): The thin lines e...