Candlestick analysis is a popular technique among day traders as it provides visual insights into price movements and market sentiment. Here are some key candlestick patterns and techniques that day traders can use:
### 1. **Basic Candlestick Patterns**
- **Hammer and Hanging Man:**
- **Hammer:** Appears at the bottom of a downtrend and suggests a potential reversal. It has a small body and a long lower shadow.
- **Hanging Man:** Appears