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đ Day 2 â Important Candle Types Every Trader Must Know
Yesterday we learned what a candle is.
Today we understand what candles mean.
There are 4 important types you must know:
1ïžâŁ Doji
Open â Close
Small body, long wicks.
Meaning:
Market is confused.
Buyers and sellers are equal.
Do not trade blindly after a Doji.
Wait for confirmation.
2ïžâŁ Hammer (Bullish Reversal)
Small body
Long lower wick
Meaning:
Sellers pushed price down.
Buyers strongly rejected it.
Usually appears at support.
3ïžâŁ Bullish Engulfing
Big green candle
Completely covers previous red candle.
Meaning:
Buyers took control aggressively.
Strong reversal signal (with structure).
4ïžâŁ Bearish Engulfing
Big red candle
Covers previous green candle.
Meaning:
Sellers dominating.
Often appears near resistance.
â Important:
Candle pattern alone is not strategy.
Context matters: âą Trend
âą Support/Resistance
âą Liquidity
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