Our guide to reading candlestick charts is a great place to start to learn how to interpret candlesticks for trading. These are displayed graphically on a chart, which is utilized for market analysis. The information it displays includes the open, high, low and close for that time period.Ĭandlestick patterns take into account one or more candlesticks to assist technical traders in developing inferences about future movements and price patterns of the underlying asset. Try out our interactive trading quiz on forex patterns ! What are candlestick patterns?Ī candlestick is a single bar which represents the price movement of a particular asset for a specific time period. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders should know to trade the markets with ease. There are various types of candlestick patterns which can signal bullish or bearish movements. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. Candlestick patterns are important tools in technical trading.
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