👉 A candlestick has 4 main parts:
Open — price at the start of the time period.
Close — price at the end of the time period.
High — highest price.
Low — lowest price.
Master Risk Management🦄
Never risk more than 1-2% of your capital on a single trade. Use stop-loss orders to limit potential losses and protect your account from significant drawdowns.
5 trading Rules you must have to follow ✅
⛔️Develop a Trading Plan: Define entry, exit, and risk management rules.
⛔️Practice Discipline: Stick to your plan, even during emotional highs or lows.
⛔️Educate Yourself: Study fundamentals, technicals, and market psychology.
Doji🍄🟫
🔮Appearance: Open and close prices are very close or equal, forming a cross or plus sign (small body, long upper/lower shadows).
🔮Meaning: A Doji after an uptrend may signal a potential reversal (bearish), while after a downtrend, it may indicate a bullish reversal.
Types of Doji ✅
✅Neutral Doji: Equal shadows, pure indecision.
✅Long-Legged Doji: Long shadows, high volatility and indecision.
✅Gravestone Doji: Long upper shadow, no lower shadow; bearish reversal after an uptrend.
✅Dragonfly Doji: Long lower shadow, no upper shadow
Marubozu 🔮
✅Appearance: Long body with little to no shadows; open and close are at the extremes of the high/low.
✅Bullish Marubozu: strong buying pressure, continuation of uptrend.
✅Bearish Marubozu: strong selling pressure, continuation of downtrend.