Japanese Candlesticks and Patterns:
In the olden days, Japanese used to use Candlesticks to trade Rice. But, Steve Nison discovered the secret techniques of Japanese Candlesticks. In Candlestick Charts, we can find some Patterns what give us the prior intimation whether to go Bullish or Bearish. Those Patterns will form with Single Candle, Two Candles and Three Candles. See the Patterns Below:
1. Always take into consideration these Patterns, when you find them at extreme Up or Down only.
2. Don’t take your trading decisions only based on these Patterns. Look for Support/Resistance levels and then only trade according to the Pattern.