A candlestick is a type of price chart used in technical analysis by traders and investors that displays the high, low, open, and closing prices of a security for a specific period in the financial market.

Candlestick patterns are reliable signals that can help you predict future prices of a commodity, security, or currency pair. Candlestick patterns form when the price of a security is above or below a specific point. The pattern is often repeated, and the price at which it appears is known as the candlestick level.

The five most common candlestick patterns that are used in trading and investing in the financial market include the spinning top, hammer, hanging man, morning and evening star, etc. The candlestick pattern can either be a bullish, bearish, or continuation candlestick pattern.

There are many situations where you will use candlestick patterns to make profits or avoid losses. The most important thing you can do is to understand the patterns and use them correctly. If you do, you’ll be rewarded with lots of success in the markets. 

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