#CurrencyPairPrediction Candlestick patterns are a style of charting that displays the high, low, open, and closing prices for a security during a specific period. Each "candlestick" provides a visual representation of the price action within that timeframe. The body of the candle represents the range between the opening and closing prices. If the closing price is higher than the opening price, the body is typically colored white or green (indicating a bullish candle). If the closing price is lower than the opening price, the body is usually colored black or red (indicating a bearish candle). Extending above and below the body are the "wicks" or "shadows," which represent the high and low prices reached during the period. The upper wick shows the high and the lower wick shows the low. Individual candlesticks and combinations of candlesticks form patterns that traders analyze to infer market sentiment and potential future price movements. Some common single candlestick patterns include the Doji (which suggests indecision), the Hammer and Hanging Man (potential reversal signals), and Marubozu (indicating strong buying or selling pressure). Multiple candlestick patterns can provide even stronger signals. Examples include the Engulfing pattern (a potential reversal pattern), the Morning Star and Evening Star (also reversal signals), and Three White Soldiers or Three Black Crows (suggesting the start of a strong trend). By recognizing these patterns, traders aim to gain an edge in predicting short-term price fluctuations and identifying potential entry and exit points for their trades.