-

It's all about hunting pips 
by study & strategy,
not by guessing or gambling

21 Candlesticks Every Trader Should Know

 

Candlesticks are one of the most powerful technical analysis tools in the trader's toolkit. While candlestick charts dates back to Japan in the 1700's, this form of charting did not become popular

in the western world until the early 1990's. Since that time, they have become the default mode of charting for serious technical

analysts replacing the open-high-low-close bar chart.

There has been a great deal of cogent information published on

candlestick charting both in book form and on the worldwide web.

Many of the works, however, are encyclopedic in nature. There

are perhaps 100 individual candlesticks and candle patterns that

are presented, a daunting amount of information for a trader to

learn.