ANATOMY of CANDLESTICKS for ALL MARKETS

A brief introduction to the interpretation of some popular candlesticks.
Regards

Kommentera:

Kommentera:

The most important point while dealing with the candlesticks is the 'location' of these patterns.
I would look for a prolonged uptrend or downtrend in the background before anticipating anything from these patterns.

It takes more than a candlestick to pick tops and bottoms. But surely candlesticks are an impeccable tool to provide high probability trades near support and resistance areas.

And yes candlesticks work on all timeframes. The confirmation is always preferred.

Kommentera:

Kommentera:

For day trading Its important to stick to your timeframe and look for pattern. Jumping across timeframes sometimes lead to over exposure and unplanned losses.
Higher timeframes are only to look for trend. We have to take position in the direction of trend but on a lower TF.