Pattern analysis can be categorized into two types, the first is the candlestick pattern, and the second is the chart pattern.
We know that the price pattern (also known as the candlestick pattern) is the trace left by the price movement under a certain time frame, that is, the opening, closing, high and low prices. Each candle contains the rhythm and characteristics of the price movement in a specified period, allowing traders to read the market in a more visual way. Because the information of price patterns and chart patterns is very popular, we will focus on explaining some of the analysis knowledge that is less known on the web, and will also summarize the various candlestick patterns.
Originated in the middle of the 17th century, due to the vivid representation of price movement. Japanese candlesticks is still the most widely known method of technical analysis. From single candle analysis to multiple candle pattern analysis, we can understand whether the market was a bear market or a bull market in the past, which gives us information to predict the future trend of the market.
Bullish Candlestick Patterns
Bearish Candlestick patterns