What is a candlestick pattern?

Candlesticks! Candlestick patterns are part of a way to represent market prices : the candlestick charts. The best way to chart candlestick is using the TradingView solution. It lets you chart candlestick and all other charting types and you can try it now for free.

What is a daily candlestick chart?

Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a few price bars. This article focuses on a daily chart, wherein each candlestick details a single day’s trading. It has three basic features:

What is a bearish candlestick pattern?

Bearish candlestick patterns usually form after an uptrend, and signal a point of resistance. Heavy pessimism about the market price often causes traders to close their long positions, and open a short position to take advantage of the falling price.

What are advanced candlesticks & how do they work?

These advanced candlesticks are associated with strong price moves, and often gaps, which cause sharp shifts in direction. Traders can participate by noticing these patterns and acting quickly to get in as the price moves in the new direction.