How to Use Candlesticks in a High-Probability Way | Tutorial #1

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How to Use Candlesticks in a High-Probability Way | Tutorial #1New Zealand Dollar / U.S. DollarFOREXCOM:NZDUSDArmaTrader97In this tutorial, we break down candlestick analysis in a clear, structured, and practical way—focused on probability, context, and confirmation, not guessing. You’ll learn what candlesticks really represent, how to read market intent behind them, and how to use them correctly within a high-probability trading framework. 🔍 What are candlesticks? Candlesticks visually represent price behavior, showing the battle between buyers and sellers within a specific time period. Each candle tells a story—but only when read in context. 📘 Candlestick Types Covered in This Tutorial 📌 1) Shrinking Candlesticks ➡️ What is a shrinking candle? Shows loss of momentum and potential market pause or reversal. 📌 2) Inside Bar Candlestick ➡️ What is an inside bar candle? Indicates consolidation and compression before expansion. 📌 3) Takuri Line Candlestick ➡️ What is a Takuri Line candle? A strong bullish rejection candle with a long lower wick. 📌 4) Hanging Man Candle ➡️ What is a hanging man candle? Warns of potential bearish reversal after an uptrend. 📌 5) Inverted Hammer ➡️ What is an inverted hammer candle? Shows buyer reaction after downside pressure. 📌 6) Shooting Star ➡️ What is a shooting star candle? Signals seller dominance near highs. 📌 7) Spinning Top Candle ➡️ What is a spinning top candle? Represents indecision between buyers and sellers. 📌 8) Spinning Bottom Candle ➡️ What is a spinning bottom candle? Indicates uncertainty after downside movement. 📌 9) Doji Candle ➡️ What is a doji candle? Shows balance—often a warning sign before a shift. 📌 10) Engulfing Candle ➡️ What is an engulfing candle? Strong momentum candle that fully absorbs the previous one. 📌 11) Momentum Candlestick ➡️ What is a momentum candle? Large-bodied candle showing aggressive participation. 📌 12) Change Color Candle ➡️ What is a change color candle? Occurs after minimum 5 candles of one color, followed by a candle of the opposite color—often signaling momentum shift. 🧠 Best Practice Candlesticks work best when multiple candles stack together, forming a story—not when traded individually. This tutorial shows real chart examples of candle clustering and how to interpret them properly. ⚠️ Important Note Candlesticks alone are NOT enough. They should be combined with: --> Support & Resistance --> Areas of Confluence --> Chart Patterns --> Trendlines --> Indicators --> Other high quality traits This is how high-probability setups are built. 👍 Want PART 2? Leave a like and a comment below. Follow for high-quality trading education and clean technical logic. ⚠️ DISCLAIMER This content is for educational purposes only and does not constitute financial advice. Trading involves risk—always conduct your own analysis. I am not responsible for any decisions or losses based on this material.