What is a candlestick pattern?

Candlesticks! Candlestick patterns are part of a way to represent market prices : the candlestick charts. The best way to chart candlestick is using the TradingView solution. It lets you chart candlestick and all other charting types and you can try it now for free.

What is a Doji candlestick pattern?

The Doji candlestick pattern is one of the most commonly used candlestick trading patterns, and it has proven to be a reliable indicator. All Doji candlestick patterns share the basic candlestick shape, which is a candle with an open and close very close to each other, creating a small or non-existing body.

What makes candlesticks so attractive as a charting tool?

But what happens between the open and the close, and the battle between buyers and sellers, is what makes candlesticks so attractive as a charting tool. Candlestick patterns are technical trading tools that have been used for centuries to predict price direction.

What is a Morning Star candlestick pattern?

There is usually a significant gap down between the first candlestick’s closing price, and the green candlestick’s opening. It indicates a strong buying pressure, as the price is pushed up to or above the mid-price of the previous day. The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend.