How Do You Predict Candlestick Chart Patterns?

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

The most oftenly used chart patterns and their technical analysis are:

These are classified in to Three different categories:

1. Reversal Candle Chart Setup Patterns

• Double top Candlestick Chart Setup Patterns

• Double bottoms Candle-stick Chart Setup Patterns

• Head & Shoulders Candlestick Chart Setup Patterns

• Reverse head & shoulders Candlestick Chart Setup Patterns

2. Continuation Candle Chart Setup Patterns

• Rising triangle Candlestick Chart Setup Patterns

• Falling triangle Candle Chart Setup Patterns

• Bull flag/pennant Candle-stick Chart Setup Patterns

• Bear flag/pennant Candle-stick Chart Setup Patterns

3. Bilateral Candle Chart Setup Patterns

• Symmetric triangle - Consolidation Candle Chart Setup Patterns

• Rectangle - Range Candlestick Chart Setup Patterns

How Do You Predict Candlestick Chart Patterns? - Candle Patterns Trading