Learn the essential candlestick patterns and how to apply them to stock charts for better trade timing.
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Learn the essential candlestick patterns and how to apply them to stock charts for better trade timing.
Candlestick patterns are a visual language for price action. Key patterns include: - Bullish and bearish engulfing candles. - Hammer and hanging man. - Doji and spinning top. - Morning star and evening star. Use these patterns in combination with support and resistance to improve confidence. A bullish engulfing candle at support can signal a reversal, while a shooting star near resistance may warn of weakness.