Candlesticks pack open, high, low and close into one shape. Learn to read them and spot the patterns traders watch for.
Each candlestick shows four prices for a period: the open, high, low and close. The body spans open to close; the wicks show the full high-to-low range. A green candle closed higher than it opened; a red candle closed lower.
Common patterns
A doji (tiny body, long wicks) signals indecision. A hammer at the bottom of a downtrend can signal a reversal. Engulfing patterns — where one candle's body fully covers the previous one — often mark momentum shifts.
Context matters
No pattern works in isolation. Read candles against the trend, support and resistance, and volume. In iQuoto Trader you can switch timeframes with one tap to check whether a signal holds on higher timeframes.
This article is general education, not investment advice.
