Candlestick trading strategies are identifiable shapes formed by a single candlestick or group of candlesticks. Each candlestick represents a trading session, and it is often colored to indicate how the price closed during that session. While traders can use any color combination, green or white is generally used to represent a session where the price…
Among the various candlestick patterns used in technical analysis, those that involve three or more candlesticks are usually held in high regard by traders, and the Bullish Hikkake pattern is one of them. The bullish Hikkake is used to recognize short-term upward movements of the price, which can be both a continuation of the trend…
Candlesticks are a popular charting tool and are frequently used by promoters using anecdotal evidence. We use candlesticks in our charts ourselves, but not as a predictive tool in our trading strategies. In this article, we ask: do candlesticks work? Yes, candlesticks work. We test 23 different candlestick patterns quantitatively with strict buy and sell…
Candlesticks are popular. They are very useful for visual displays, but our previous backtests indicate candlesticks might be useful to make trading strategies as well. In this article, we look at what is the best time frame for candlesticks: The best time frame for candlesticks is daily bars and relatively short holding periods from 1…
Our final addition to our product portfolio is Tradestation/Easy Language code for all 75 candlestick patterns that exist. For 399 USD you get access to our candlestick research plus you get the Tradestation/Easy Language for ALL 75 patterns. Module 1, which contains a summary and conclusions of our research, costs 149 USD. Please click here…
The Bearish Abandoned Baby pattern is a bearish reversal candlestick formation that appears in an uptrend and signals a potential trend reversal. This pattern is characterized by a gap up, followed by a Doji candlestick with a gap down, creating the appearance of an “abandoned baby.” In this article, we will delve into details about…
Looking to trade with a bearish bias? The Bearish In Neck Line candlestick pattern may be just what you need to spot selling opportunities in the market. This article will delve into this pattern’s characteristics and potential meaning and explore its use in technical analysis. To make it easy to follow along, we’ll present the…
The Bearish Belt Hold candlestick pattern is one that has been around for a while. It’s not one of the common ones, but it still has a sizeable number of fans among candlestick pattern traders. A Bearish Belt Hold is a bearish candlestick pattern that appears in an uptrend and indicates a potential trend reversal….
The Bearish Harami is a candlestick pattern comprising of a small bearish candlestick forming within the body of a previous, sizeable bullish candlestick. Many traders rely on this pattern to predict potential reversals to the downtrend. The Bearish Harami candlestick pattern is one of the few effective chart patterns that help traders predict the flow…
Candlestick patterns provide plenty of insight into how the price moved in the recent past and how it might move in the near future. Some traders use these patterns to signal trade entry and exit points. While there are many such patterns, only a few may be effective, and one of them is the shooting…
