Candlestick Patterns

Look closely at a single candle and you’re looking at a compressed little history of everything buyers and sellers did to each other over that stretch of time. The open tells you where the argument started, the close tells you who was left standing, and the wicks show you the ground that got fought over and lost. Once you can read that shape properly, the name attached to it stops mattering very much. The names are still worth having, though — if only so you’re not at sea when someone mentions a “shooting star” on a chart. ...