What are candlestick patterns?

Candlestick patterns are technical trading tools that have been used for centuries to predict price direction. There are dozens of different candlestick patterns with intuitive, descriptive names; most also have a corollary pattern between the upside and downside.

What is a continuation candlestick pattern?

Continuation candlestick patterns – show that a current trend is expected to continue and is the opposite of a reverse pattern. Bullish candlestick patterns – can be a good entry point for long trades and can be used to anticipate a change from a downtrend to an uptrend.

What is the mat hold candlestick pattern?

The Mat Hold candlestick pattern is a 5-candle patternIt can be bullish or bearish depending on its formationFor the bullish pattern, there is a tall green candle, 3 small red candles and the last candle is a tall green candle closing above the patternFor the bearish...

What are candlesticks & how do they work?

Candlesticks are graphical representations of price movements for a given period of time. They are commonly formed by the opening, high, low, and closing prices of a financial instrument. If the opening price is above the closing price then a filled (normally red or black) candlestick is drawn.