![]() ![]() The above also gives you different patterns and shapes that give a leading indicator of where the market may go.Ĭompared to the line charts which just plot the close price after each session. ![]() You can easily tell the strength of the markets through the candlestick too. You can easily identify its highs and lows during the session. You can easily identify whether it was a Buy candle or a Sell candle. The candlestick pattern is favoured due to its simplicity and ease of analysis at a glance. There are plenty of different types of chart patterns to help analyse the markets, but you are here to learn about the candlestick patterns – so let’s focus on that. There are several types of charts that traders will use to find trading opportunities. Download the Candlestick Patterns Cheat Sheet PDF for Free What is a candlestick pattern?
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