Candle Patterns Explained

Basics of Candlesticks

A standard candlestick contains:

Body: Difference between open and close

Wicks/Shadows: High and low

Color: Bullish (often green/white) or bearish (red/black)

The structure itself provides signals:

Long bodies → strong momentum

Small bodies → indecision

Long wicks → rejection or strong counterforce

No wick → full control by one side

Understanding this foundation helps interpret every pattern that follows.