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A Candlestick Pattern Cheat Sheet
Most traders use technical analysis as part of their trading strategy. Candlestick Patterns are a technical analysis tool used to predict price direction. This eBook will concisely present 30 common candlestick patterns, including useful information on each.
The interpretation of candlestick patterns can often be more nuanced than it might at first seem. There are certain patterns that may seem highly indicative of a bullish or bearish outcome. You just “know” that the pattern is going to rise or fall. But reality would often betray what seems too likely. And unfortunately, what many candlestick pattern books won’t tell you is the historical odds of certain patterns, and how certain long‐standing patterns may have a historical tendency to do the opposite of what they indicate.
This eBook presents 30 Candlestick Patterns, each including:
- Graphic example
- Pattern type (theoretical)‐‐bullish, bearish, or neutral.
- Historical accuracy
- Frequency ‐‐ low, moderate, or high, in terms of its occurrence.