How Do You Analyze Candlesticks Chart Patterns?

How to Analyze Candles Chart Setup Patterns

Candlestick charts is the study of the 3 most common chart setups formation of prices on the charts. This study of chart patterns prices seeks to predict movement of price once these chart setups have been identified on the charts.

The most often used chart patterns & their gold analysis are:

These are classified in to 3 different categories:

1. Reversal Candle-stick Trading Setup Patterns

• Double tops Candle Chart Setup Patterns

• Double bottom Candle-stick Chart Setup Patterns

• Head and shoulders Candle Chart Setup Patterns

• Reverse head and shoulders Candlestick Chart Setup Patterns

2. Continuation Candle Chart Setup Patterns

• Ascending triangle Candle Chart Setup Patterns

• Descending triangle Candle Chart Setup Patterns

• Bull flag/pennant Candlestick Chart Setup Patterns

• Bear flag/pennant Candle-stick Chart Setup Patterns

3. Bilateral Candle-stick Trading Setup Patterns

• Symmetric triangle - Consolidation Candle Chart Setup Patterns

• Rectangle - Range Candle Chart Setup Patterns

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