Candlestick pattern

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In financial technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. There are 42 recognized patterns that can be split into simple and complex patterns.

A candlestick chart (also called Japanese candlestick chart) is a style of financial chart used to describe price movements of a security, derivative, or currency. Each "candlestick" typically shows one day, thus a one-month chart may show the 20 trading days as 20 candlesticks. Candlestick charts can also be built using intervals shorter or longer than one day.

It is similar to a bar chart in that each candlestick represents all four important pieces of information for that day: open and close in the thick body; high and low in the “candle wick”. Being densely packed with information, it tends to represent trading patterns over short periods of time, often a few days or a few trading sessions.

Candlestick charts are most often used in technical analysis of equity and currency price patterns. They are visually similar to box plots, though box plots show different information.

The many topics in our humble a candlestick pattern app includes:

+ What is a candlestick pattern?

+ Bullish reversal candlestick patterns

+ How to find high probability bullish reversal setups

+ Bearish reversal candlestick patterns

+ How to find high probability bearish reversal setups

+ Indecision candlestick patterns

+ Continuation candlestick patterns

+ How to find high probability trend continuation setups

+ Candlestick patterns cheat sheet: How to understand any candlestick pattern without memorizing a single one you’re probably wondering

+ Bonus: How to read candlestick chart and “predict” market turning points with deadly accuracy Here’s the thing

+ Frequently asked questions

+ And more!

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