You only need to know 15. You don’t have to spend late hours or drudge time to memorize all of the known candlestick chart patterns. You can learn the most important 15 in a hurry. It’s not difficult at all. You will learn very quickly that you will recognize them on sight, and searching for [...]
We will refer to the most common of candlesticks which you should use in order to identify trends. DOJI When the opening and closing price are identical we have a Doji candlestick. These candlesticks have no body (or almost no body) at all. They may mean the end of a trend. Market reverses but may [...]
By Melissa Tobing There are many ‘funny’ names in candlestick charts. When I first learned about these charts, I just asked to myself “How could have somebody really thought about these words and where did he got those ideas?” Those questions really made me eager to learn more and more. Imagine these words: “hanging man”, [...]
WYN 10 day/15min Heres a good look at the chart of Wyndham today. You can see that it has broken its short term uptrend, but the longterm trend is in place, as it has only moved down a few cents and the rsi is getting oversold. I also see that after the last ‘Hammer Candlestick’, [...]
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