A candlestick pattern is a specific formation created by one or more candlesticks on a price chart. Each candlestick represents the opening, closing, highest, and lowest prices within a specific time period (such as a day or an hour). These patterns help traders predict the possible future direction of the price and identify moments when a trend reversal or continuation might occur. Common candlestick patterns include the “hammer,” “doji,” “engulfing,” and “shooting star.”
Why candlestick pattern?
In our analysis and when answering questions, we look for individual candlesticks or candlestick patterns in the chart that may indicate the future direction of the price movement. Therefore, it is useful to identify significant candlestick patterns in a stock, such as Doji, Hammer, Shooting Star, and others, which often signal potential reversals or continuations of the trend.
Answers and Score
| ANSWER | SCORE | PRIORITY |
| Yes | 10 | 0,7 |
| No | 6 | 0,7 |
Where to find candlestick pattern?
You can find a pullback in these charts. For example, on finviz.com or finance.yahoo.com
This question is part of this analyzer.
| Decameron Stock Analyzer – Swing trading, v.1.0 | open analyzer |
Do you want to know more?
How to Know If the Price Will Bounce Off Support or Break Through It? A Practical Guide for Traders
