To know how to read candles, you must know the shapes of the candles when they open and close. There are 6 shapes:

1- Long green candle: indicates the victory of buyers and control of the market. Or a long red candle indicates the victory of sellers and control of the market.

2- A green candle with a medium body and a long lower tail: It means that the sellers tried to lower the price, but in the end the price went back up and closed green and the buyers won. As for the red tail, it means that the buyers tried, but the sellers won in the end.

3- Like the first candle, but with some resistance on both sides.

4 - A red or green candle with a medium or small body and a long tail: indicates a long-term battle between them and no one won, i.e. the result is a draw.

5 - Long-tailed green candle: The top indicates the strength of buyers, but the sellers also confronted them and closed the candle with a small body. The red indicates the strength of sellers, but the buyers confronted them and closed with a small red body.

6 - Doji candles: The opening and closing points of the price are the same, and they usually help in price reversal. We will talk about them in more detail in the types of candles.

All of these candles that we mentioned are considered forms of Japanese candles that are useful for reading only one candle, and by crushing more than one candle, then the patterns and types are formed.

.. Don't forget to pray for our brothers in Palestine 🥲

Don't forget to support us so we can provide you with the best 🥰😊🙏$BTC