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.

Why are candlestick charts important?

Introduction Candlestick charts are technical tool that put together data for numerous time periods into single price bars. This enables them to become more important than traditional open-high, low-close bars or simple lines... What is the Cradle Pattern?

What is a flag pattern?

A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. When the prices are in an uptrend a bullish pattern shows a slow consolidation lower after an aggressive uptrend. When the prices are in the downtrend a bearish pattern shows a slow consolidation higher after an aggressive downtrend.

What does a wick mean in a candlestick?

The wick, or shadow, that indicates the intra-day high and low The colour, which reveals the direction of market movement – a green (or white) body indicates a price increase, while a red (or black) body shows a price decrease Over time, individual candlesticks form patterns that traders can use to recognise major support and resistance levels.