16 Powerful Advanced Candlestick

There are 16 advanced candlestick chart patterns that every trader should be aware of.

Candlestick patterns are used to forecast price movement in the future of any stock or indices. Learn about the 16 most frequent & advanced candlestick chart patterns and how to utilize them to spot trading opportunities.

what is the definition of a candlestick?
A candlestick is a visual representation of information regarding the price movement of an item. Candlestick charts are one of the most popular types of technical analysis because they allow traders to quickly analyze price data using only a few price bars.

The focus of this essay is on a daily chart, where each candlestick represents a single trading day. It has three main characteristics:

The open-to-close range is represented by the body.
The intra-day high and low are shown by the wick or shadow.
The color that indicates the market’s direction of movement – A price rise is indicated by a green (or white) body, whereas a price drop is indicated by a red (or black) body.

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