Patterns like engulfing or hammer provide deeper context. Are candlestick charts good for beginners? Absolutely. Once you understand the basics, they’re an intuitive way to view price movement ...

Technical analysis—an analysis of historical price action and chart patterns—is one of the main methods to predict price direction. Candlestick analysis, a part of technical analysis ...

Explore our beginner’s guide to stock trading ... Patterns like engulfing or hammer provide deeper context. No pattern is perfect. Candlestick charts offer probability-based signals, not guarantees.