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.

What makes candlesticks so attractive as a charting tool?

But what happens between the open and the close, and the battle between buyers and sellers, is what makes candlesticks so attractive as a charting tool. Candlestick patterns are technical trading tools that have been used for centuries to predict price direction.

What is a bearish candlestick pattern?

Bearish candlestick patterns usually form after an uptrend, and signal a point of resistance. Heavy pessimism about the market price often causes traders to close their long positions, and open a short position to take advantage of the falling price.

What is a daily Candlestick?

A daily candlestick represents a market’s opening, high, low, and closing (OHLC) prices. The rectangular real body, or just body, is colored with a dark color (red or black) for a drop in price and a light color (green or white) for a price increase.