How Do You Predict Forex Candlestick Chart Patterns?

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

The most commonly used chart patterns & their technical analysis are:

These are classified in to Three different categories:

1. Reversal Candlestick Chart Patterns

• Double tops Candle Chart Patterns

• Double bottom Candle Chart Patterns

• Head and Shoulders Candle Chart Patterns

• Reverse head & shoulders Candlestick Chart Patterns

2. Continuation Candlestick Chart Patterns

• Ascending triangle Candle Chart Patterns

• Descending triangle Candle Chart Patterns

• Bull flag/pennant Candle Chart Patterns

• Bear flag/pennant Candle Chart Patterns

3. Bilateral Candlestick Chart Patterns

• Symmetric triangle - Consolidation Candle Chart Patterns

• Rectangle - Range Candle Chart Patterns

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