Candlestick

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The candlestick market indicator is a visual tool used by traders to analyze and predict price movements in the financial markets. This indicator uses patterns formed by the lines on a stock chart to make informed decisions about buying or selling stocks, bonds, and other securities. The most commonly recognized pattern is the hammer, which has a long lower shadow and a small body that indicates a potential reversal of the current trend. Another well-known candlestick pattern is the engulfing pattern, where one candlestick completely engulfs the previous one, indicating a strong change in market sentiment. By studying these patterns, traders can gain valuable insights into the behavior of financial markets and make more informed investment decisions.