Candlestick charts are essential tools in technical analysis, representing price movements of financial assets over time through individual "candlesticks" that show the opening, closing, high, and low prices for specific periods. Each candlestick has a body, which indicates the price range between opening and closing prices, and wicks (shadows) that show the highest and lowest prices during the period. Candlestick patterns, such as Doji, Hammer, Engulfing, and Morning Star, provide insights into market trends and potential reversals. By examining these patterns, along with volume and support/resistance levels, traders using Options2Wealth can make informed decisions about buying or selling assets.
Website: https://www.investorchatter.com/
