Learn Candlestick Patterns with Pipze

 Learn candlestick patterns the smart way with the Pipze Forex Trading App. Pipze helps beginners and traders understand bullish, bearish, and continuation candlestick patterns using real-time charts, clear visuals, and practical examples. From hammer and engulfing patterns to doji and morning star, Pipze makes price action simple and easy to read. The app allows you to practice pattern identification on live Forex markets, improving entry and exit timing. Whether you are new to Forex or upgrading your skills, Pipze gives you the confidence to read candles like a professional trader and make better trading decisions every day.

Anatomy of a Candlestick A candlestick has three parts: Body – Distance between open and close Upper Wick (Shadow) – High price rejection Lower Wick (Shadow) – Low price rejection Types of Candles Bullish Candle: Close > Open (buyers in control) Bearish Candle: Close < Open (sellers in control) 👉 Long body = strong momentum 👉 Long wick = price rejection 👉 Small body = indecision

A candlestick is made up of three main parts that help traders understand price behavior. The body represents the distance between the open and close price and shows the strength of buyers or sellers during that period. The upper wick (or shadow) indicates how far the price moved upward before being rejected, showing selling pressure at higher levels. The lower wick (or shadow) shows how far the price dropped before buyers pushed it back up, indicating buying interest at lower levels. Candles are mainly of two types: a bullish candle, where the close price is higher than the open and buyers are in control, and a bearish candle, where the close is lower than the open and sellers dominate. A long candle body reflects strong momentum, long wicks signal price rejection, and a small body shows market indecision.