Why use candlestick patterns trading and investing?

SHARE MARKET 3 TYPES OF CHARTS IN TECHNICAL ANALYSIS Line Chart,Bar Chart, Candlestick Chart

SHARE MARKET 3 TYPES OF CHARTS IN TECHNICAL ANALYSIS

  1. Line Chart
  2. Bar Chart
  3. Candlestick Chart

Line Chart, Bar Chart, Candlestick Chart in share market

LINE CHART

This type of chart is formed, taking only the Closing price of a session. Those ‘closing price points’ are linked together to form a graph.This type of chart may be used for referring to the long term trends.

  • This type of chart is formed, taking only the Closing price of a session. Those ‘closing price points’ are linked together to form a graph.This type of chart may be used for referring to the long term trends.
  • Since this type of chart is not formed using sufficient data, it doesn’t reveal anything about the current market condition.So, Line charts are not used for the purpose of trading.

BAR CHART

Unlike line charts, the Bar charts are formed using 4 key data points – Open, High, Low, Close (of a session / day).

  • Unlike line charts, the Bar charts are formed using 4 key data points – Open, High, Low, Close (of a session / day).
  • Bar charts are actually used for taking trades. But traditionally, a chart its who uses a bar chart looks for a trend, which takes weeks, if not months to form and takes trades based on that. So one major draw down with the bar chart is it’s not ideal for short term trading (like day trading).

CANDLESTICK CHART

Candlestick Patterns are one of the most powerful trading concepts,They are simple,Easy to identify, and very profitable setups, a research has confirmed that candlestick patterns have a high predictive value and can produce positive results.

  • Similar to bar charts Candlestick charts are formed with – Open, High, Low & Close (of a session / day). But, since these types of charts are easy to understand, they became quite popular.
  • The degree of information given out by these charts make them quite reliable; also, they provide early reversal signals. With these types of charts it’s easy to pinpoint the potential reversal zones.
  • One main advantage of these types of charts is that, apart from imparting the information on trend, they also provide in depth information on every session / day. Hence, these can be conveniently used for the purposes of both short & long term trading.

Why use candlestick patterns trading and investing?


  • Candlestick Patterns are one of the most powerful trading concepts,They are simple,Easy to identify, and very profitable setups, a research has confirmed that candlestick patterns have a high predictive value and can produce positive results.
  • I personally trade candlestick pattern, I can’t really switch to another method,because i tried thousands of strategies and trading methods with no results. 
  • I’m not going to introduce you to a holy grail, this trading system works, but be prepared to lose some trades, losing is a part of this game, if you are looking for a 100% wining system, I highly recommend you to stop trading and go look for another business. 
  • Candlestick patterns are the language of the market, imagine you are living in a foreign country, and you don’t speak the language. The candlestick patterns that i’m going to show you here are the most important patterns that you will find in the market.

How could you live if you can’t even say a word? It’s tough right?


  • The same thing when it comes to trading. If you know how to read candlestick patterns the right way, you will be able to understand what these patterns tell you about the market dynamics and the trader’s behavior.
  • This skill will help you better enter and exit the market in the right time. In other words, this will help you act differently in the market and make money following the smart guy’s footprints.
  • What i want you to do is to focus on the anatomy of the pattern and the psychology behind its formation, because this will help you get the skill of identifying easily any pattern you find in the market and understand what it tells you to do next. If you can get this skill, you will be ready to understand and master the trading strategies.

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Markets Story: Why use candlestick patterns trading and investing?
Why use candlestick patterns trading and investing?
SHARE MARKET 3 TYPES OF CHARTS IN TECHNICAL ANALYSIS Line Chart,Bar Chart, Candlestick Chart
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