Price movement on particular stock / currency are shown graphically in financial technical analysis on a candlestick chart which 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.
Candlestick patterns are important tools in technical trading. Understanding
them allows traders to interpret possible market trends and form decisions from
those inferences. There are various types of Candlestick patterns which can signal bullish or bearish
movements.
But all Candlesticks pattern are not reliable, but there are a couple of patterns that are reliable enough to become part of a trading strategy. However, which candlesticks that can be used varies a lot depending on factors like what market we can trade, the time frame, and other conditions that are pertinent to your trading strategy.
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