● What are candlesticks?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and close prices of a security for a certain period of time.
1. Why are patterns formed?
There are three types of traders in the market and then it can be said that a trader has three types of options - first, buying; second, to sell; And third, keep one side (One Stand Side). Candlestick patterns arise when a trader buys, sells, or remains sideways. This pattern can be bullish or bearish.
1 Why are candlesticks patterns used?
Candlestick patterns are technical trading tools that have been used for centuries to predict price direction. Various candlestick patterns are used to determine price direction and momentum.
