What are recurring price action candlestick patterns?

When I infer price action through candlestick patterns, often traders misunderstand and conclude that “I am talking about candlestick patterns”. Fancy names such as Pin bars, Shaved bars, Engulfing patterns are referred to recurring price action candlestick patterns. These kinds of names to candlestick structure are often misleading.

Why are price action and candlesticks so powerful?

This is why price action and candlesticks are so very powerful when traders are educated in how to trade them. Price action gives traders the direct insight into how traders and the market are behaving through what the price action is doing and how it is behaving.

How to check the buying and selling pressure inside candlestick patterns?

Candlestick patterns, unlike price action patterns, should be analyzed through background of “buying and selling pressure”. We can overcome these limitations by reading price action inside candlestick patterns. This will help us to check the buying and selling pressure inside candlestick patterns.

What are candlesticks & how do you use them?

Candlesticks can be combined with other forms of technical analysis, such as momentum indicators, but candles ultimately are a stand-alone form of charting analysis. Daily candlesticks are the most effective way to view a candlestick chart, as they capture a full day of market info and price action.