Candlestick patterns: reading price action for entry and exit signals

Candlestick patterns are graphical representations of price action in the financial markets. They can determine the success or failure in trades in crypto trading. They provide valuable insights into market sentiment, and traders use them to identify potential entry and exit signals for their trades. Here are some common candlestick patterns and how to interpret them: 1. Bullish Engulfing Pattern:This pattern occurs when a larger bullish candle completely engulfs the previous smaller bearish candle. It suggests a potential bullish reversal and can signal a buy entry point. 2. Bearish Engulfing Pattern:The bearish engulfing pattern is the opposite of the bullish… Continue reading