29/12/2022
Doji candlestick Pattern: This indicates that the market opens and closes roughly the same time, which means no one is in control between the buyers and sellers.
If you see this formation there's tendency for the market to reverse depending if it's found at the top or bottom of the chart ( if found at the top the market is likely to change direction to go down which means the sellers are taking control of the market and if occurs at the bottom the buyers are likely to take control of the market ).
29/12/2022
CANDLESTICK PATTERNS
Candlestick patterns are language of any financial markets and it's one of the most important trading concepts to know if you want to become a successful trader.
They're very simple and easy to identify and they give profitable signals if you understand how each candlesticks are form properly and what they means.
If you can know how to read and understand the candlestick patterns you will be able understand the trader's behaviour. Like I said earlier candlestick patterns is the language of the market, for instance you travel to a country you don't understand their language or tribes definitely you don't know what's right or wrong in that country, if you're able to understand their language you become part of the country this is also implies in trading, once you're able to understand the candlestick patterns then you understand how the market moves ( when to buy or sell and when to leave the market).
