Candle patterns on the 5-minute chart: basics for beginners 📈📉📈

If you are just starting to trade, begin with understanding candle patterns — they help "read" market sentiment and make decisions.

💡 What is a candle?

Each candle on the chart shows price movement over 5 minutes. It has:

-Body (body) — the difference between the opening and closing price.

-Shadows (shadows) — show the highs and lows.

Color:

🔴 Red — the price has fallen.

🟢 Green — the price has risen.

-Popular candle patterns:

1. Engulfing — a strong reversal, especially after a trend.

2. Hammer — a signal of possible growth after a decline.

3. Hanging Man — a possible reversal downwards.

4. Doji — uncertainty, can be a signal of reversal.

5. Three soldiers / three crows — continuation of the trend (up or down).

-These patterns are especially useful on 5-minute charts for scalping and short-term trades. The main thing is — do not trade blindly: watch the volumes, trends, and confirmations.