DeepSite - 🧬 RemixUnlock the secrets of price action with our comprehensive guide to candlestick patterns
Candlestick charts originated in Japan over 300 years ago for tracking rice prices. Each candlestick represents price movement during a specific time period, showing the open, high, low, and close prices.
The rectangular "body" shows the range between the opening and closing prices. The "wicks" or "shadows" show the highest and lowest prices during that period.
A bullish reversal pattern that forms after a decline. It has a small body near the top and a long lower wick.
A bearish reversal pattern that forms after an advance. Similar to a hammer but appears in an uptrend.
A two-candle pattern where the second candle completely engulfs the body of the first.
Occurs when opening and closing prices are virtually equal, showing market indecision.
A three-candle bullish reversal pattern that appears after a downtrend.
A bearish reversal pattern with a small lower body and long upper wick, appearing after an uptrend.
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