Candlestick patterns are one of the most important tools for technical analysis. They visually represent price movements and help traders make quick decisions. Common patterns include:
Doji: Indicates indecision in the market.
Engulfing Pattern: A strong reversal signal.
Hammer & Hanging Man: Indicate potential reversals after a trend.
By recognizing these patterns, traders can anticipate market movements and manage their entries/exits effectively.
