Why do candlestick patterns matter in technical analysis?

[Mdraghib]

Let me tell you about why Candlestick patterns matter in technical analysis because they tell a story about price action. They help traders spot potential reversals, trends, and market sentiment at a glance. Whether it’s a doji signaling indecision or a bullish engulfing hinting at a strong uptrend, these patterns give traders clues about what might happen next. It’s like reading the market’s mood once you understand the signals, you can make smarter trading decisions.

 

[Oli_jackson]

Candlestick patterns are like the market's body language, they tell you what’s really going on. I ain't gonna lie, when I first started, I thought they were just some fancy shapes, but once you get it, they help you spot when things might turn or keep going.