Wait, what? Another candlestick article?! But of course! Although they don’t have all the answers all the time, candlesticks are a crucial source of information when dealing with markets. Truth be told, it’s not obvious at first glance what they’re trying to say, right? Well, it’s time to dig down into the details and really get into what’s going on… That’s why I’ve written this article on understanding Candlesticks in Technical Analysis! In this article, you’ll cover: What exactly a candlestick is Why candlesticks are important How momentum and indecision are reflected in candlesticks The importance of using candlesticks in the correct context Tips and tricks for successful candlestick usage Common mistakes and limitations to watch out for Are you ready? Then let’s go! What is a Candlestick? At its core, a candlestick is a type of price chart used in technical analysis that displays the high, low, open, and close prices of an asset for a specific period. Let’s take a look at a Ca...